Refinance rates moved higher again as of May 6, 2025, according to the latest data from the Mortgage Research Center. The 30-year fixed refinance rate rose to 6.92%, while the 15-year fixed rate dropped slightly to 5.76%. 30-year fixed refinance rates move up The average 30-year fixed-rate refinance hit 6.92%, up from 6.10% a week
This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from Ginnie Mae and private sources compiled by New View Advisors. HECM endorsements, HUD data Jon McCue, RMI’s director of client relations, told HousingWire’s Reverse Mortgage Daily (RMD) that rate movements are the likely culprit behind last month’s
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.95% +0.07 FHA 30-Year Fixed 7.33% No Change VA 30-Year Fixed 6.56% +0.12 20-Year Fixed 6.70% +0.10 15-Year Fixed 5.97% +0.04 FHA 15-Year Fixed 6.63% No Change 10-Year Fixed 5.99% -0.04 7/6 ARM 7.34% +0.05 5/6 ARM 7.20% +0.10 Jumbo 30-Year Fixed 6.90% +0.11 Jumbo 15-Year
INTEREST rates are likely to fall at the fastest pace since the 2008 financial crash, economists are predicting. The Bank of England is widely expected to cut its base rate on Thursday from 4.5% to 4.25%. 1 Mortgage lenders have been slashing interest rates in recent weeksCredit: Alamy This would mark the second rate reduction
Mortgage rates increased across most term lengths today, according to new data from Zillow. The average 30-year fixed mortgage rate rose by nine basis points to 6.70%, while the 15-year fixed rate climbed five basis points to 5.95%. Adjustable rates also moved higher, with the 5/1 ARM jumping 15 basis points to 6.88%. The Federal
The Federal Reserve is meeting on Tuesday and Wednesday, so we could see mortgage rates fluctuate a bit this week. Fed officials have made it clear that they want to wait and see how tariffs impact the economy before they make any moves, so it’s unlikely they’ll lower the federal funds rate at this meeting.
Stronger-than-expected labor market data sent mortgage rates higher toward the end of last week, and they remain elevated today. Mortgage rates may move up or down a bit this week depending on the commentary coming out of the latest Federal Reserve meeting, which will wrap up on Wednesday. The Fed is expected to keep the
The labor market is humming along in spite of headwinds from the Trump administration’s tariffs. Until we see signs of weakening in the economy, mortgage rates are likely to remain near their current levels. On Friday, the Bureau of Labor Statistics reported that the U.S. economy added 177,000 jobs in April, more than expected. The
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.88% -0.02 FHA 30-Year Fixed 7.33% No Change VA 30-Year Fixed 6.44% -0.02 20-Year Fixed 6.60% -0.02 15-Year Fixed 5.93% No Change FHA 15-Year Fixed 6.63% No Change 10-Year Fixed 6.03% +0.28 7/6 ARM 7.29% +0.02 5/6 ARM 7.10% +0.07 Jumbo 30-Year Fixed 6.79% -0.04 Jumbo
When you buy through links on our articles, Future and its syndication partners may earn a commission. The U.S. Department of Veterans Affairs headquarters is seen in Washington, D.C. | Credit: Al Drago / Bloomberg via Getty Images The VA Servicing Purchase, or VASP, program was enacted by the Biden administration to help veterans avoid