From Yahoo Finance: 2025-05-16 06:00:00

Mortgage rates have inched up this week, with the 30-year fixed rate at 6.81% and the 15-year fixed rate at 5.92%. However, rates are still lower than they were last year, offering some relief to potential home buyers. The current national averages for various mortgage rates, according to Zillow, are also provided. Refinance rates are slightly higher than purchase rates. Understanding fixed and adjustable-rate mortgages is essential when considering loan options. Mortgage rates have been volatile recently, but they have decreased since last year. Forecasts predict minor fluctuations in rates throughout 2025, with a potential decrease by year-end.



Read more at Yahoo Finance: Mortgage and refinance interest rates today, May 16, 2025: Year-over-year rates have decreased