Current mortgage interest rates as of early May 2025 are approximately:
- 30-year fixed-rate mortgage: around 6.76% to 6.97% interest rate, with APRs near 6.85% to 6.97% depending on the source and specific lender
- 15-year fixed-rate mortgage: roughly 6.0% to 6.24% interest rate, with APRs around 6.01% to 6.33%
- 20-year fixed-rate mortgage: about 6.49% to 6.71% interest rate
- 10-year fixed-rate mortgage: near 5.79% to 6.17% interest rate
- Adjustable-rate mortgages (ARMs) such as 5-year and 7-year ARMs have rates generally higher, around 7.1% to 7.5% APR
Rates vary slightly by lender and loan type (e.g., conventional, jumbo, FHA, VA), and are influenced by economic factors such as job reports and Treasury yields
. In summary, the benchmark 30-year fixed mortgage rate is hovering around 6.8% to 6.9% interest rate nationally, with some daily fluctuations. The 15-year fixed rate is about 6.0% to 6.2%, and shorter-term or adjustable loans have somewhat different rates
