As of Saturday, May 3, 2025, the current interest rates for mortgages are approximately:
- 30-year fixed-rate mortgage: around 6.76% to 6.85% APR, with some sources reporting 6.78% interest and 6.85% APR
- 15-year fixed-rate mortgage: about 5.95% to 6.05% APR
- 20-year fixed-rate mortgage: around 6.49% to 6.59% APR
- 10-year fixed-rate mortgage: about 5.91% to 5.99% APR
- FHA 30-year fixed-rate mortgage: roughly 6.49% to 6.54% APR
Other adjustable-rate mortgages (ARMs) and jumbo loans have slightly higher rates, for example, 7-year ARM at about 7.54% APR and jumbo loans near 6.80% APR
. These rates have shown some recent slight declines and fluctuations due to economic factors but generally remain under 7% for the 30-year fixed mortgage
. If you are looking for the most competitive offers, it is advisable to compare quotes from multiple lenders as rates can vary and some offers may be below the national averages
. This summary reflects the latest data from multiple mortgage rate aggregators and financial institutions as of early May 2025
