<ul><li>Today's average mortgage rates: 30-year fixed at 6.73%, 15-year fixed at 5.73%, 30-year jumbo at 7.09%.</li><li>The 30-year fixed rate decreased by 1.52% from last week to 6.73% with an APR of 6.77%.</li><li>For a $100,000 loan at 6.73% on a 30-year term, the monthly payment is about $648.</li><li>15-year fixed rate dropped to 5.73% with an APR of 5.78%, costing around $829 monthly per $100,000.</li><li>The 30-year jumbo rate stands at 7.09%, down 2.52% from last week, with a monthly cost of $671 per $100,000.</li><li>Mortgage rates fluctuated post-spring 2024, rising in October despite Fed rate cuts.</li><li>Forecasts suggest modest rate changes in the near future due to economic uncertainties.</li><li>Factors like U.S. Treasury bond yields, Fed decisions, and global events influence mortgage rates.</li><li>Improving finances and credit score, maintaining low DTI, and higher down payments can secure better rates.</li><li>Government-backed loans like FHA, USDA, and VA provide options for buyers with varying financial situations.</li></ul>

Mortgage Rates Today: May 1, 2025 – Rates Move Down

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