Current refi mortgage rates report for May 29, 2025

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Current refi mortgage rates report for May 29, 2025

//travel-leisure.news-articles.net/content/2025/ .. -refi-mortgage-rates-report-for-may-29-2025.html

Published in Travel and Leisure on Thursday, May 29th 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

See Thursday's report on average refi rates on different types of home loans.

2025-05-29 312 x 156 / 69678 Bytes

On May 29, 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 the rise, experts suggest that now could still be a good time to refinance due to the potential for future rate hikes. 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 emphasizes the importance of shopping around for the best rates and considering factors such as closing costs and the break-even point when deciding whether to refinance.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-29-2025/ ]