As of Sunday, May 4, 2025, current mortgage rates in the U.S. are approximately as follows:
- 30-year fixed-rate mortgage: around 6.78% to 6.89% interest rate, with an APR near 6.85%
- 15-year fixed-rate mortgage: about 5.95% interest rate, with an APR around 6.05%
- 20-year fixed-rate mortgage: roughly 6.49% interest rate, APR about 6.59%
- 10-year fixed-rate mortgage: near 5.91% interest rate, APR about 5.99%
Rates have recently dipped slightly, with the 30-year fixed mortgage rate falling below 7% and averaging around 6.76% to 6.81% nationally
. Refinancing rates for 30-year fixed loans are close to 6.79% APR
. These rates fluctuate based on market conditions, economic data, and lender offers, so comparing multiple lenders is advised to find the best rate available for your situation
. In summary, expect 30-year fixed mortgage rates in the high 6% range and 15-year fixed rates near 6% as of early May 2025.
