As of May 19, 2025, here are the current key interest rates in the United States: Federal Funds Rate:
- The benchmark federal funds interest rate is 4.50%, where it has been held steady for several meetings as the Federal Reserve adopts a wait-and-see approach amid inflation and economic growth concerns
Mortgage Interest Rates:
- 30-year fixed-rate mortgage: approximately 6.89% to 7.03% APR
- 15-year fixed-rate mortgage: around 6.08% to 6.18% APR
- 20-year fixed-rate mortgage: about 6.61% to 6.81% APR
- Adjustable-rate mortgages (ARMs) vary, with 5-year ARM around 7.23% APR and 3-year ARM near 6.5% APR
These mortgage rates have seen slight increases recently but remain near 7% for a 30-year fixed loan. The Federal Reserve's rate decisions influence but do not directly set mortgage rates, which are more closely tied to 10-year Treasury yields
. Auto Loan Rates:
- Specific current auto loan rates are available from lenders like Bank of America but vary by credit profile and loan terms
In summary, the key short-term interest rate set by the Fed is 4.50%, while mortgage rates for a 30-year fixed loan hover near 6.9-7.0% APR as of mid-May 2025
