30-year average climbs to 6.85%
Mortgage rates are back on the rise as economic uncertainty lingers. On May 12, 2025, average mortgage rates increased across most fixed-term products, tightening affordability for prospective homebuyers. Today’s mortgage rates Here’s how today’s national averages compare to last week’s: Mortgage type Rate (May 12) Change vs. last week 30-year fixed 6.85% +0.07 30-year fixed