Rate Shift: May 2025 Mortgage Outlook

As of Sunday, May 11, 2025, mortgage refinance rates are showing mixed movements. The average 30-year fixed refinance rate is holding steady, remaining relatively unchanged from the previous week. However, the 15-year fixed refinance rate has seen a slight increase. Meanwhile, the 5/1 adjustable-rate mortgage (ARM) refinance rate has decreased marginally. These fluctuations are influenced by various factors including economic data releases, inflation trends, and Federal Reserve policies. While the 30-year fixed rate offers stability, the slightly higher 15-year rate appeals to those seeking quicker debt payoff. The decrease in the 5/1 ARM might attract borrowers expecting interest rates to decline in the near term. Experts advise potential refinancers to carefully consider their financial goals, risk tolerance, and the length of time they plan to stay in their home before making a decision. Comparing offers from multiple lenders is crucial to securing the best possible rate and terms. Borrowers should also factor in closing costs and fees to accurately assess the overall savings from refinancing. Monitoring market trends and consulting with a mortgage professional can help borrowers time their refinance application strategically. find the original article here: https://finance.yahoo.com/personal-finance/mortgages/article/mortgage-refinance-rates-today-sunday-may-11-2025-100035238.html