Mortgage Rates Tick Up β¬οΈ, Home Projects, Hidden Costs of New Builds, Fed Holds Fed Funds Rate.
Mortgage Rates π’ March 24th, 2025
INTEREST RATES
10 year 3-Month Snapshot
Product |
Rate / APR |
Weekly Change |
---|---|---|
β¬οΈ Conv. |
6.625% / 6.653% |
+.125% |
βοΈ Conv. HB |
6.875% / 6.939% |
-.000% |
β¬οΈ JUMBO |
6.750% / 6.772% |
+.125% |
βοΈ FHA 3.5% DP |
5.999% / 6.971% |
-.000% |
β¬οΈ VA 0% DP |
6.125% / 6.352% |
+.125% |
Rate dataΒ as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance.Β No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
Rates are up because investors are selling bonds, pushing yields higher.
Why? Money is shifting into riskier assets (stocks/crypto) as inflation concerns rise.
Whatβs next? Fridayβs PCE inflation report is keyβif itβs hotter than expected, rates could climb further. If it cools, we might see some relief.
Bottom line: Volatility continues. Watch Fridayβs inflation data for the next move! π