These are today's mortgage and refinance rates. Mortgage rates are down slightly in anticipation of Fed cuts later this year.

After inching up for two days, 30-year mortgage rates edged lower Friday, moving back towards the 2025 low they notched early last week. Most other averages also fell.

Potential homebuyers looking to take out home loans have something to cheer in the latest news on mortgage rates. The 30-year fixed-rate mortgage (FRM) rate averaged 6.63% as of March 6, 13 basis points below last week’s 6.

Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.

The vast majority of 2025 homebuyers are holding out for lower mortgage rates, but those who have been trying to time the market the past few years are still waiting for rates to fall.

Sales of existing homes rose 4.2%, reflecting an increase in shopping activity and in the number of homes for sale since the start of the year.