June 5, 2025

Adjustable-rate mortgage

Home Adjustable-rate mortgage
Mortgage

What homebuyers need to know for May 7

  • May 7, 2025

Mortgage rates are edging upward again, adding pressure for homebuyers navigating a difficult spring market. Economic uncertainty, inflation concerns, and trade tensions are keeping rates volatile—and today’s numbers reflect that. According to the latest data: 30-year fixed-rate mortgage: 6.83% (up 0.01% from last week) 15-year fixed-rate mortgage: 6.02% (down 0.01% from last week) 5/1 adjustable-rate

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Mortgage

30-year fixed climbs to 6.70%

  • May 5, 2025

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

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