Mortgage rates rose this week, with the 30-year fixed rate averaging 6.25%, up from 6.18% last week, according to Bankrate’s latest lender survey. The 15-year and 30-year jumbo rates also saw increases. Discount and origination points play a role in determining your mortgage rate.

The national median family income for 2025 was $104,200, while the median price of an existing home sold in December 2025 was $405,400. With a 20% down payment and a 6.25% mortgage rate, the monthly payment is around 23% of the typical family’s income.

President Donald Trump directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities. Mortgage rates fell to 6.18% after the announcement but have now risen back to 6.25%. Experts warn that without further support, the effects of this move may not be long-lasting.

Fannie Mae and Freddie Mac, government-sponsored enterprises, back about two-thirds of U.S. home loans. If the government buys additional mortgage-backed securities, it could lead to lower rates. This intervention could impact rates for mortgages originated by various lenders or brokers.

Read more at Yahoo Finance: After dipping to a three-year low, mortgage rates inch back up