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Mortgage and refinance rates today, March 2, 2025: As rates drop, should you buy?

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Summary
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81% Informative

The average 30-year mortgage rate today is 6.27% , according to the latest Zillow data.

The 15-year fixed rate has fallen by four basis points to 5.57% . Rates are also down overall since early February .

The Bureau of Labor Statistics released January 's core Personal Consumption Expenditure ( PCE ) index.

The average 30-year fixed mortgage rate is 6.27% right now, according to Zillow .

If you want a lower rate, try saving more, improving your credit score, or paying down some debt.

Mortgage rates aren't expected to drop drastically in the near future, though they may inch down here and there.

VR Score

86

Informative language

88

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57

Article tone

informal

Language

English

Language complexity

33

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not offensive

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Time-value

long-living

Source diversity

1

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