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Current mortgage rates report for April 30, 2025: Rates take another small dip

On April 30, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.125%, up from 7.000% the previous week, and the 15-year fixed-rate mortgage at 6.375%, up from 6.250%. The rise in rates is attributed to ongoing inflation concerns and the Federal Reserve's cautious approach to monetary policy adjustments. Despite the increase, experts suggest that the housing market remains resilient, with home purchase applications showing a modest uptick. However, potential homebuyers are advised to carefully consider their financial situation and possibly lock in rates soon, as economic indicators suggest that rates may continue to fluctuate in the near term.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-04-30-2025/ ]