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Mortgage Rates Today: May 2, 2025 – Rates Move Down
- Current average mortgage rate on a 30-year fixed mortgage is 6.71%, down from 6.88% last week.
- Average rate on a 15-year fixed mortgage is 5.66%, decreased from the previous week's 5.91%.
- APR on a 30-year fixed-rate mortgage is 6.74%, down from last week's 6.92%.
- Experts anticipate no significant drop in mortgage rates anytime soon; factors like Treasury bond yields and federal decisions impact rates.
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