From Yahoo Finance: 2025-04-18 06:00:00

Mortgage rates have risen this week, with the 30-year fixed rate at 6.83% and the 15-year fixed rate at 6.03%. However, rates are still lower than this time last year. Rates could fluctuate due to factors like President Trump’s tariffs, so consider lenders with float-down options to secure potential rate drops.

Current Zillow data shows national averages for various mortgage rates: 30-year fixed at 6.71%, 15-year fixed at 6.01%, and more. Remember, these are rounded averages. Mortgage refinance rates are often higher than rates for home purchases.

Understanding mortgage interest rates is crucial when choosing between fixed or adjustable rates. Fixed rates stay constant throughout the loan term, while adjustable rates change periodically. Most initial payments go towards interest, but over time, more will go towards the principal.

Consider a 30-year fixed-rate mortgage for lower payments, or a 15-year fixed-rate mortgage to save on interest in the long run. Adjustable-rate mortgages can be beneficial if you plan to sell before the introductory rate ends. Compare your rate options before choosing.

Freddie Mac reports a 21 basis point increase in both the 30-year and 15-year mortgage rates. The Mortgage Bankers Association predicts a 6.8% rate for the 30-year mortgage in Q3 2025, potentially decreasing to 6.7% by year-end. Rates may fluctuate throughout the year but could see a slight decrease by 2025’s end.

Read more: Rates are actually lower than last year