Current refi mortgage rates report for May 1, 2025

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Current refi mortgage rates report for May 1, 2025

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Current refi mortgage rates report for May 1, 2025

//travel-leisure.news-articles.net/content/2025/ .. t-refi-mortgage-rates-report-for-may-1-2025.html

Published in Travel and Leisure on Thursday, May 1st 2025 at 3:46 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

On May 1, 2025, mortgage refinance rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.00%, up from 6.99% the previous week, and the 15-year fixed-rate at 6.25%, up from 6.24%. Despite these rises, experts suggest that now could still be a good time to refinance due to the potential for rates to increase further. The article also provides a detailed comparison of rates from various lenders, including Bank of America, Chase, and Wells Fargo, and offers insights into how different loan terms and credit scores can affect the rates offered to borrowers. Additionally, it discusses the benefits of refinancing, such as lowering monthly payments or changing the loan term, and advises homeowners to consider their long-term financial goals before deciding to refinance.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-01-2025/ ]