Current refi mortgage rates report for May 7, 2025

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Current refi mortgage rates report for May 7, 2025

//travel-leisure.news-articles.net/content/2025/ .. t-refi-mortgage-rates-report-for-may-7-2025.html

Published in Travel and Leisure on Wednesday, May 7th 2025 at 4:26 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 7, 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 future rate increases. The article also provides a detailed breakdown of various mortgage types, including jumbo loans and adjustable-rate mortgages, and offers guidance on how to navigate the refinancing process effectively. Additionally, it emphasizes the importance of considering one's financial situation and long-term goals before deciding to refinance.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-07-2025/ ]