The average rate on 30-year fixed home loans edged up to 6.89% for the week ending May 29, up from 6.86% last week, according to Freddie Mac.Rates averaged 7.03% during the same period in 2024.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.86%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.81%. On a 30-year jumbo ...

Mortgage rates aren’t hampering millennials’ homebuying interest Realtor.com found that 23% of millennials plan to buy a home in the next six months, up from 15% in September 2024 June 2, 2025 ...

For example, a loan with a 7% interest rate might have a 7.1% APR after accounting for the mortgage origination fee. Lenders must disclose your APR, as required by the Truth in Lending Act (TILA).

Explore the current 15-year mortgage rates, plus how to get the best rate for your needs and whether a 15- or 30-year mortgage is right for you.

The average 30-year fixed mortgage interest rate is 6.90% today. A 30-year fixed mortgage is the most common loan term. It will often have a higher interest rate than a 15-year mortgage, ...

The average rate on 30-year fixed home loans ticked down to 6.85% for the week ending June 5, down from 6.89% last week, according to Freddie Mac.Rates averaged 6.99% during the same period in 2024.

When the Fed raises interest rates to control inflation, mortgage rates may increase as well. Housing Market Trends: Supply and demand dynamics in the housing market can also influence mortgage rates.

It will often have a higher interest rate than a 15-year mortgage, but you’ll have a lower monthly payment. 15-year fixed-rate mortgages. Today, the average rate for a 15-year, fixed mortgage is ...

This week, mortgage rates rose to their highest level since May 2024. The average rate on the 30-year fixed-rate mortgage went up three basis points to 7.07% in the week ending May 29, according ...

Millennials are the only generation with a greater interest in buying a home in the next six months compared to September 2024 according to a new survey from Realtor.com®. Millennials' buying ...