From Yahoo Finance: 2025-05-12 06:00:00

Today, mortgage interest rates have risen overall. The average 30-year fixed rate is now at 6.72%, and the 15-year fixed rate has increased to 6.03%. Home buyers should be prepared for rates in the mid-to-upper 6% range for 30-year loans and around 6% for 15-year loans. It might be a good time to buy a house now, rather than waiting for rates to fall. Mortgage refinance rates are also slightly higher than purchase rates, with the national averages ranging from 6.26% to 7.51%. Remember, these rates are rounded to the nearest hundredth. It’s essential to consider different mortgage terms and rates before making a decision.



Read more at Yahoo Finance: These rates are the new normal