From Yahoo Finance: 2025-05-18 06:00:00

Today, mortgage rates have dropped. The average 30-year fixed rate is 6.77%, down by eight basis points, and the 15-year fixed rate is 6.03%, down by 10 basis points. To secure a lower rate, compare lenders, pay discount points, and discuss options. National averages for various mortgage terms are provided. Mortgage refinance rates are higher on average. Fixed rates lock in your rate, while adjustable rates change over time. To get the best rate, focus on saving, improving credit, and paying down debt. Apply for preapproval with multiple lenders, compare APR, and consider other fees. National average rates may differ by location.



Read more at Yahoo Finance: Lower rates are encouraging for home buyers