What are Mortgage Rates Doing Today?

February 27th, 2025

interest rates

What are Mortgage Rates Doing Today?

The 10 Year Treasury Bond is at 4.263% as of today. You can see this data here: https://www.investing.com/rates-bonds/u.s.-10-year-bond-yield

Tracking Mortgage Rates

The best way to track mortgage rates is to track the 10 Year Treasury Bond. While the 10 year Treasury Bond is not an exact gauge on interest rates, it tells you the direction that rates are going in.

  • As of ​02-2​1-2025 it was 4.4​30%.
  • ​On 02-09-2025 it was 4.487%.
  • On 01-13-2025 it was 4.792%​.
  • On January 9, 2025 the 10-year US Treasury bond yield was 4.68%.
  • On January 2, 2025 the 10-year US Treasury bond yield was 4.36%.

As you can see it had been going up all of January, but now in February it has come down​.

An exact mortgage quote is based on your credit score, loan size, debt ratios, property type, down payment, and more.

So it’s hard to look online for an interest rate that applies to your exact scenario.

Below are some interesting historical numbers*:

  • In 1977 the average yield of the 10 Year Treasury Bond was 7.42%.
  • In 1987 the average yield of the 10 Year Treasury Bond was 7.18%.
  • In 1997 the average yield of the 10 Year Treasury Bond was 6.35%.
  • In 2007 the average yield of the 10 Year Treasury Bond was 4.63%.
  • In 2017 the average yield of the 10 Year Treasury Bond was 2.33%.
  • In 2018 the average yield of the 10 Year Treasury Bond was 2.91%.

Where is the 10 Year Treasury Bond headed next? 

It’s hard to say which direction interest rates mortgage rates will go next. There are currently concerns over inflation, government spending, tariffs, and other variables that make interest rates go up or down.

You can use my website to get a mortgage rate quote that matches your specifics: https://www.getloans.com/rate-quote/

Or you can schedule a call with me to ask other questions: https://www.getloans.com/connect/schedule-a-call/

*The source for these numbers comes from: https://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-chart

Brian Martucci is a loan officer for Capital Bank Home Loans, a division of Capital Bank, N.A. He has been in the mortgage industry since 1986 and has served in a number of roles, including loan processor, loan officer, mortgage broker, branch manager, and vice president. Brian Martucci – NMLS# 185421. His opinions do not necessarily reflect the opinions and beliefs of Capital Bank Home Loans or Capital Bank. Capital Bank, N.A.- NMLS# 401599. Click here for the Capital Bank, N.A. “Privacy Policy”.​

This entry was posted on Thursday, February 27th, 2025 at 7:10 pm and is filed under interest rates, mortgage, VA Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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