Mortgage Rates Plunge: March 2025

As of Sunday, March 9, 2025, mortgage refinance rates are showing slight fluctuations. The article provides a snapshot of these rates, emphasizing that they are dynamic and can change throughout the day. While specific rates are mentioned for various loan types, including 30-year fixed-rate, 15-year fixed-rate, and 5/1 adjustable-rate mortgages (ARMs), the article stresses that these are averages and individual rates will vary. The rates an individual qualifies for are dependent on factors such as credit score, loan-to-value ratio, debt-to-income ratio, and overall financial profile. The article highlights the importance of shopping around and comparing offers from multiple lenders to secure the most favorable rate and terms. It also acknowledges the ongoing economic uncertainty that can influence mortgage rates, noting that market conditions and Federal Reserve policy play a significant role. The piece includes a disclaimer that the information is for informational purposes only and is not financial advice, advising readers to consult with qualified financial professionals for personalized guidance. The information is time-sensitive, reflecting market conditions on the specific date mentioned. find the original article here: https://finance.yahoo.com/personal-finance/mortgages/article/mortgage-refinance-rates-today-sunday-march-9-2025-100015240.html