Economic Report
Mortgage rates fall to the lowest level in three months, industry group says, ahead of tariffs
Published: March 5, 2025 at 7:00 a.m. ET
U.S. homeowners rushed to refinance their mortgages over the past week as mortgage rates fell to their lowest level in three months.
The 30-year fixed-rate mortgage fell to the lowest level since December 2024 at the end of February, prompting many homeowners to refinance their home loans, according to a weekly report by the Mortgage Bankers Association, a trade industry group. The plunge in rates even bumped up home-buying demand slightly.
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