Today's Mortgage Rates, May 1, 2025 | the Economy Is Slowing. That's Good News for Mortgage Rates.

- Mortgage rates for May 1, 2025, are around 6.60%.
- Rates have dropped as more data shows that the economy is slowing.
- But we still haven't seen the actual impact of tariffs on the economy, which could ultimately push rates back up.
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