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Mortgage Rates Today: March 7, 2025 – Rates Remain Fairly Steady

  • The average mortgage rate today on a 30-year fixed-rate mortgage is 6.67%, up from last week.
  • Borrowers can save on interest costs by opting for a 15-year fixed mortgage with an average rate of 5.66%.
  • Refinancing rates have remained steady.
  • Factors affecting mortgage rates include the economy's health, benchmark interest rates, and borrower-specific factors.

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