Compare Current Mortgage Rates Today
Compare Current Mortgage Rates Today
May home mortgage rates currently average 6.95% for 30-year set loans and 6.05% for 15-year set loans.
Find your best home mortgage rates
Get the most affordable month-to-month payment
Compare deals from top loan providers
Mortgage rates this week: Will mortgage rate of interest go down?
The current nationwide home loan rates anticipate indicates that rates are likely to stay high compared to recent years, and stay well above 6% for now. Today, both 30- and 15-year rates decreased by less than 0.10 percentage points.
Here are the U.S. weekly average rates from Freddie Mac's Primary Mortgage Market Survey, since June 5, 2025:
30-year fixed-rate mortgage: 6.85%.
15-year fixed-rate home mortgage: 5.99%
Mortgage rates fluctuated between 6% and 7% over the last half of 2024, lastly crossing the 7% limit for the very first time in over 7 months in mid-January. However, they then moved downward for seven weeks in a row. Since this week, they have remained under 7% for 20 weeks.
At their most recent meeting on May 7, the Federal Reserve selected to hold rates consistent. The next meeting is scheduled for June 17-18, but a rate cut isn't most likely.
Since making three cuts in 2024, Fed regulators have ended up being more worried about inflationary pressures. As an outcome, they've suggested that we must expect 2 cuts in 2025.
Expert insights on mortgage rates this month
Matt Schulz
Chief Consumer Finance Analyst at LendingTree
" I wouldn't hold my breath for rates to fall below 6%. Even if the Federal Reserve did begin cutting interest rates again, there's no warranty that home mortgage rates will follow fit. In reality, rates have actually gone slightly greater because the Fed began cutting rates back in September.
Compare Current Mortgage Rates Today
May home mortgage rates currently average 6.95% for 30-year set loans and 6.05% for 15-year set loans.
Find your best home mortgage rates
Get the most affordable month-to-month payment
Compare deals from top loan providers
Mortgage rates this week: Will mortgage rate of interest go down?
The current nationwide home loan rates anticipate indicates that rates are likely to stay high compared to recent years, and stay well above 6% for now. Today, both 30- and 15-year rates decreased by less than 0.10 percentage points.
Here are the U.S. weekly average rates from Freddie Mac's Primary Mortgage Market Survey, since June 5, 2025:
30-year fixed-rate mortgage: 6.85%.
15-year fixed-rate home mortgage: 5.99%
Mortgage rates fluctuated between 6% and 7% over the last half of 2024, lastly crossing the 7% limit for the very first time in over 7 months in mid-January. However, they then moved downward for seven weeks in a row. Since this week, they have remained under 7% for 20 weeks.
At their most recent meeting on May 7, the Federal Reserve selected to hold rates consistent. The next meeting is scheduled for June 17-18, but a rate cut isn't most likely.
Since making three cuts in 2024, Fed regulators have ended up being more worried about inflationary pressures. As an outcome, they've suggested that we must expect 2 cuts in 2025.
Expert insights on mortgage rates this month
Matt Schulz
Chief Consumer Finance Analyst at LendingTree
" I wouldn't hold my breath for rates to fall below 6%. Even if the Federal Reserve did begin cutting interest rates again, there's no warranty that home mortgage rates will follow fit. In reality, rates have actually gone slightly greater because the Fed began cutting rates back in September.