Mortgage refinance rates have continued their downward trajectory, marking the lowest levels of 2025 as of March 4, 2025. According to the latest figures from Yahoo Finance, the average 30-year fixed mortgage refinance rate currently stands at 6.66%, a decrease from 6.76% the previous week. This marks a significant reduction over the last week, as rates have been in a steady decline for seven consecutive days, according to Investopedia. Mortgage rates have fallen due to improved inflation figures, with investors hopeful for further declines in the near future. The recent dip in rates is encouraging for those looking to purchase homes or refinance existing mortgages, potentially allowing for a more robust peak homebuying season as expressed in a recent article by HousingWire. As notable investor sentiment shifts, many expect a positive impact on the housing market, especially in a climate where buyers may take advantage of these advantageous rates.
Mortgage Refinance Rates Hit New Low as Market Adjusts
