As of Sunday, May 4, 2025, current interest rates for mortgages are approximately:
- 30-year fixed-rate mortgage: around 6.7% to 6.8% interest rate, with APR near 6.85%
- 15-year fixed-rate mortgage: about 5.95% interest rate, APR close to 6.05%
- 20-year fixed-rate mortgage: roughly 6.3% to 6.7% interest rate
- 10-year fixed-rate mortgage: near 5.8% to 5.9% interest rate
- Adjustable-rate mortgages (ARMs) such as 5/1 ARM: around 6.88% interest rate
Rates vary slightly by lender and loan type (e.g., FHA, VA, jumbo loans), with jumbo loans typically a bit higher around 6.8% to 7.1%
. Mortgage rates have recently seen minor fluctuations but generally remain below 7%, with some slight decreases in the past week
. Economic factors such as employment reports and Treasury yields influence these rates
. For other types of loans or specific lenders, rates may differ; for example, Wells Fargo lists 30-year fixed rates at about 6.6% and Bank of America at about 6.75%
. In summary, the current mortgage interest rates for a 30-year fixed loan hover around 6.7% to 6.8%, and shorter terms like 15 years are closer to 5.95% as of early May 2025
