A couple of important mortgage rates are seeing dips. Here's what to know if you're in the market for a home loan.

Rates on new 30-year mortgages have fallen two days in a row, retreating from a one-year high notched last week. Rates for most other new purchase loan types also declined.

Mortgage rates remain stable but elevated, with the 30-year fixed-rate mortgage rising slightly to 6.89% as of May 29, 2025 — the highest level since early