Today’s mortgage rates on March 4, 2025, show a slight decrease, particularly in the 30-year fixed mortgage rate, which sits at an average of 6.26%. However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown.

It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. I know that even a small drop can feel like a big win when you’re dealing with such significant financial decisions. Let’s dive into the details to understand what this means for you.

 

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Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply