Some key mortgage rates are moving up. But a series of rate cuts from the Fed could help mortgage rates fall in the long term.

After surging in April to a 2025 high, mortgage rates plunged and then have inched up only slightly from that low. Here's where that leaves monthly loan payments.

The average 30-year mortgage rate rose to 7.05% on May 19, 2025, while 15-year and ARM rates saw mixed changes.

In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up from 6.76% last week. So far this year, the popular product has averaged 6.80%, with the lowest level at 6.62% and the highest at 7.04%.

After steadily rising for a full week, 30-year mortgage rates have reversed course and slipped lower the last two days. Rates have dropped for many other loan types as well.

Today's average 30-year mortgage rate is 6.90%. Rates are up across all loan types, including 15-year and jumbo mortgages.

Fixed-rate mortgages are considered a hedge against inflation because they allow borrowers to lock in their monthly payment, no matter how high mortgage rates climb. If you can continue to make those payments in a recession, you’d be in a much safer position than borrowers who have adjustable-rate mortgages (ARMs), which fluctuate with the market.

Pro Tip The rate you’re offered on a mortgage will also depend on the lender you work with, its business costs and your financial profile. Ultimately, if you’re looking for a home loan ...

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.04% of all loans outstanding at the end of the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Several benchmark refinance rates have decreased. If your mortgage rate is 1% higher than today's rate, a refinance might be worth it.

Bob Musinski has written about a variety of financial-related topics – including personal and business loans, credit cards and personal credit – for publications such as U.S. News and World ...