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Image Credit: Forbes

Mortgage Rates Today: February 20, 2025 – Rates Remain Fairly Steady

  • The average mortgage rate for a 30-year fixed-rate mortgage is 6.87% today, down 0.11% from the previous week.
  • For a 15-year fixed mortgage, the average rate is 6.03%, with higher monthly payments but lower overall interest costs.
  • The average interest rate for a 30-year fixed-rate jumbo mortgage is 7.17% today.
  • Factors such as credit score, debt-to-income ratio, and the choice of loan program affect mortgage rates and eligibility for better rates.

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