Current mortgage rates are down and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn’t directly impact today’s mortgage rates, they have been easing since the Fed began cutting rates in late 2024.

A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.

Weekly mortgage rates continued to simmer last week, as markets wait in suspense ahead of the White House’s August 1 tariff deadline. The average 30-year fixed-rate mortgage rose one basis point to 6.85% the week ending July 24, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.

However, longer-term loans tend to have higher interest rates than shorter-term loans. In the first half of 2025, average 30-year home loan rates fluctuated between 6.5% and 7%.

During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late ...

Average mortgage rates are trending lower for the first time in more than two weeks as of Friday, May 30, 2025, a day after new reporting from the National Association of Realtors showed pending ...

10-year U.S. Treasury bond yields: Mortgage rates often move in the same direction of these benchmark bond market yields. Mortgage Trends Over Time Vault’s Viewpoint: Mortgage Rate Trends for 2024

During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late ...