30-year fixed dips to 7.03%
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