Current 15-year mortgage rate trends Mortgage rates sharply climbed in early 2022 when the Federal Reserve began raising interest rates to fight inflation. The central bank shifted course and ...

Average mortgage purchase rates are rising as of Thursday, May 15, 2025, with the 30-year fixed benchmark now closer to 6.90% a week after the Federal Reserve's decision to maintain the current ...

A year ago, the rate averaged 6.88%. The average rate has mostly trended lower since reaching just over 7% in mid-January. When mortgage rates decline, they boost homebuyers’ purchasing power.

Mortgage rates remain elevated, but have been mostly easing and could be headed lower if the U.S. economic outlook continues to darken over the Trump administration’s widespread tariffs, which ...

Mortgage rates inched up on Thursday, boosted by recent tariff agreements between the U.S., China, and the U.K., which pushed bond yields upward. The average rate on 30-year fixed home loans ...

Last year, higher mortgage rates dampened the start of the spring homebuying season. This year, the average rate on a 30-year mortgage is down to 6.6% from just over 7% in mid-January, according ...

The average rate has mostly trended lower since reaching just over 7% in mid-January. When mortgage rates decline, they boost homebuyers’ purchasing power. Borrowing costs on 15-year fixed-rate ...

Elevated mortgage rates didn’t dissuade Hoffman. He accepted a 7% rate in exchange for a credit from his lender to put toward closing costs.

The rate fell to 6.62% from 6.64% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.88%.

Mortgage rates remain elevated, but have been mostly easing and could be headed lower if the U.S. economic outlook continues to darken over the Trump administration’s widespread tariffs, which ...