Mortgage Rate Trends: How Home Loan Rates Have Shifted Over the Last 90 Days

Over the past 90 days, national home mortgage interest rates have experienced notable fluctuations, impacting both homebuyers and the real estate market.

December 2024: Rates Begin to Rise: In December 2024, mortgage rates started an upward trajectory. The average 30-year fixed-rate mortgage increased from 6.60% on December 12 to 6.91% by January 2, 2025. (ycharts.com)

January 2025: Rates Peak Above 7%: The upward trend continued into January 2025, with rates peaking at 7.04% on January 16—the highest level since May 2024. (ycharts.com)

February 2025: Gradual Decline: February brought a gradual decline in mortgage rates. By February 27, the average 30-year fixed-rate mortgage had decreased to 6.76%. (ycharts.com)

March 2025: Rates Stabilize Below 6.7%: As of March 6, 2025, rates have stabilized below 6.7%, with the average 30-year fixed-rate mortgage at 6.63%. (ycharts.com)

This stabilization has fostered optimism for the upcoming spring homebuying season, traditionally a period of increased market activity. (investopedia.com)

Looking Ahead: While mortgage rates have settled below 7% for six consecutive weeks, experts predict they will remain above 6.5% throughout 2025. (forbes.com)

Prospective homebuyers should monitor these trends closely and consult with financial advisors to make informed decisions in this dynamic market.