Mortgage rates are showing signs of modest relief for homebuyers heading into summer 2025. According to the latest Zillow data, the national average for a 30-year fixed mortgage fell to 6.97% as of Friday, May 30, 2025. That’s down from 6.99% a day earlier, and 7.08% one week ago. This decline could translate to meaningful
Average mortgage rates ticked up again Wednesday, adding pressure to an already strained housing market. According to Zillow, the national average for a 30-year fixed-rate mortgage climbed to 7.05%, up from 7.03% the day before. That’s still slightly down from 7.08% last week.The 15-year fixed rate held steady at 6.09%, while the 5-year ARM sits
Listen to this article At a glance: Existing home sales fell 0.5 percent in April, lowest since 2009 Median U.S. home price rose to $414,000, a record for April Mortgage rates hovered around 6.86 percent, discouraging buyers Unsold inventory up 20.8 percent year-over-year, aiding first-time buyers Sales of previously occupied U.S. homes fell in April,
Piggybacking on previous comments from President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte said on social media that “Jay Powell needs to lower interest rates — enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better
Mortgage rates are holding steady today as homebuyers weigh options amid a still-volatile housing market. Read the latest housing updates here before checking rates. According to Zillow, the national average 30-year fixed mortgage rate stands at 7.09% as of Tuesday, May 27, 2025 — unchanged from the day prior but up slightly from last week.
Mortgage rates remained mostly stable heading into Memorial Day weekend, with the average 30-year fixed rate holding at 7.13% as of May 23, 2025, according to Zillow. Here’s a breakdown of how today’s rates compare across different loan types and what borrowers should know before locking in a loan. Today’s national mortgage rates 30-year fixed:
The national average 30-year fixed mortgage rate rose to 7.14% on May 22, 2025, according to data from Zillow. That’s an increase of 13 basis points from last week’s average of 7.01%, continuing an upward trend in borrowing costs that began earlier this spring. Latest mortgage rates as of May 22, 2025 Here’s how today’s
President Donald Trump said on Wednesday that he is giving “very serious consideration” to taking mortgage giants Fannie Mae and Freddie Mac public, more than 15 years after they were taken under government control to stabilize the U.S. economy in the wake of the 2008 housing market collapse. “I am giving very serious consideration to
Fannie Mae now forecasts mortgage rates to slip back under 6% by the second quarter of 2026 as it elevated its gross domestic product outlook and modified its home sales projections. The origination forecast, while increased over both its March and April projections, other than for rates, remains more conservative than the Mortgage Bankers Association’s
Mortgage rates edged slightly lower on Tuesday, May 20, 2025, with the average 30-year fixed rate now at 7.03%, according to Zillow. That’s a decrease of 2 basis points from the previous day, but still slightly above last week’s average of 7.01%. The national average for a 15-year fixed mortgage rose to 6.13%, while 5-year