CURRENT MORTGAGE RATES 2025

Purchase and Refinance Programs:

• FHA
• Conventional
• VA
• USDA
• Non-QM
• Commercial
• Construction

Property Type:

• Single Family
• 2-4 Units
• Coop
• Condo
• Townhouse
• Second homes
• Manufactured homes
• Mobile homes
• Mixed Use

How Do Current Mortgage Rates 2025 Work?

Everyday, current mortgage rates tend to change. When purchasing a home or refinancing a home, the interest rate you receive will be affected by your credit score and down payment amount.

If you have higher credit scores and put down a higher down payment, then you will receive a lower interest rate.

On the other hand, when refinancing a home, having a higher credit score and more equity in your home will lead to a lower interest rate.

What are the Benefits of a Low Mortgage Rate?

Having a low mortgage rate will save you thousands when you get a mortgage. Having a high credit score will ensure you get the lowest mortgage rate possible.

FHA and VA loans have the lowest mortgage rates available. Conventional loan rates are usually a little higher than FHA or VA loans. Non-QM loans have the highest rates because these loans are riskier than others.

Mortgage rates have started to go down from where they were months ago. They most likely will not go down to where they were during Covid which was around 2%-3%.

Now makes the perfect time to lock in a low mortgage rate to ensure you have the lowest monthly mortgage payment.