As of May 5, 2025, the current average mortgage rates in the U.S. are approximately:
- 30-year fixed-rate mortgage: around 6.78% interest rate with an APR near 6.85% according to Bankrate, slightly down from the previous week
- 15-year fixed-rate mortgage: about 5.95% interest rate with an APR close to 6.05% per Bankrate data
- 30-year fixed refinance rate: approximately 6.91%, which has risen slightly over the past week
- 15-year fixed refinance rate: around 6.24%, also up over the last seven days
Other sources like NerdWallet report a similar 30-year fixed mortgage interest rate near 6.99% and 15-year fixed at about 6.02% APR
. Wells Fargo lists a 30-year fixed rate at about 6.75% with an APR near 6.89%, and a 15-year fixed rate at 5.63% interest
. Mortgage rates have been fluctuating due to economic factors, including Treasury yields and market volatility, but currently remain below 7% for the 30-year fixed term
. Comparing offers from multiple lenders is advised to find the best available rate tailored to your credit profile and loan specifics
. In summary, expect 30-year fixed mortgage rates around 6.7% to 7.0% and 15-year fixed rates near 6.0% as of early May 2025
