As of May 5, 2025, here are the current interest rates: Mortgage Interest Rates (U.S.):
- 30-year fixed-rate mortgage: Around 6.76% to 6.85% APR (average varies slightly by source)
- 15-year fixed-rate mortgage: Approximately 6.05% APR
- 5-year adjustable-rate mortgage (ARM): About 7.11% APR
- 10-year fixed-rate mortgage: Around 5.79% to 5.91% APR
These rates have seen slight fluctuations recently, with the 30-year fixed mortgage rate dipping below 7% and currently averaging near 6.8% APR according to multiple lender surveys. Rates are influenced by factors like creditworthiness, loan terms, and market conditions
. Federal Funds Rate (Benchmark U.S. Interest Rate):
- The U.S. Federal Reserve benchmark interest rate was last recorded at 4.50%.
- It is expected to decrease to around 4.25% by the end of the current quarter and trend lower to about 3.5% in 2026 and 3.25% in 2027 based on economic models
These figures reflect the general cost of borrowing money in the U.S. economy, with mortgage rates typically higher than the federal funds rate due to additional risk and loan term factors. If you need rates for other types of loans or in other countries, please specify.
