Mortgage Rates Continue to Drop: 30-Year Fixed-Rate Dips to 6.76%
Marco Santarelli
MAY 3, 2025
Rate Monthly Payment (Principal & Interest) Total Interest Paid (30 Years) 7.00% $2,130 $446,794 6.76% $2,081 $429,284 As you can see, the slightly lower rate could save you thousands of dollars over the life of the loan! Closing Costs: Factor in the closing costs associated with refinancing.
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