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- Mortgage Rates 📢 May 5th, 2025
Mortgage Rates 📢 May 5th, 2025
Mortgage Rates Drop Slightly ⬇️ (again!). Despite the 10 Year increasing.
Glenn Groves
May 05, 2025
INTEREST RATES
10 year 3 - Month Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
⬇️ Conv. | 6.750% / 6.829% | -.125% |
↔️ Conv. HB | 7.000% / 7.031% | -.000% |
⬇️ JUMBO | 6.625% / 6.681% | -.125% |
⬇️ FHA 3.5% DP | 6.000% / 7.002% | -.125% |
↔️ VA 0% DP | 6.125% / 6.346% | -.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
📉 Why Rates Are Holding Steady:
Rates saw a modest improvement this week, dropping about 0.125% across most loan types. This movement is tied to falling oil prices (down to $57/barrel) and market caution ahead of the Fed’s Wednesday meeting.
With inflation cooling and weak economic data like negative Q1 GDP and rising loan delinquencies, investors are leaning into bonds—helping push mortgage rates slightly lower.
The Fed isn’t expected to cut rates, but its commentary will shape expectations for the summer.
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