As of today, May 6, 2025, the national average mortgage interest rates are approximately:
- 30-year fixed mortgage rate: around 6.78% to 6.85% APR
- 15-year fixed mortgage rate: about 5.95% to 6.05% APR
- 20-year fixed mortgage rate: roughly 6.49% to 6.59% APR
- 10-year fixed mortgage rate: near 5.91% to 5.99% APR
For refinancing a 30-year fixed mortgage, the average rate is slightly higher, around 6.91% to 6.98% APR
. Rates can vary by lender and borrower qualifications, so comparing offers is recommended to find the best available rate. Some top offers may be as low as about 5.86% for a 30-year fixed mortgage, which can translate into significant savings compared to the national average
. In summary, expect 30-year fixed mortgage rates in the high 6% range and 15-year fixed rates near 6% today. Rates fluctuate frequently based on market conditions and economic factors.
