From Yahoo Finance: 2025-05-15 12:55:00

Mortgage rates increased for the first time in weeks, with the average rate on the benchmark 30-year fixed mortgage rising to 6.81% from 6.76% last week. The 15-year fixed mortgage rate also climbed to 5.92% from 5.89%. Housing affordability remains a challenge for many Americans looking to buy homes.

A report by the National Association of Realtors and Realtor.com found that while nationwide inventory has increased compared to last year, access to affordable homes remains out of reach for many buyers. Middle-income buyers with $75,000 in annual pay saw an increase in the share of homes they can financially purchase.

NAR senior economist Nadia Evangelou emphasized that increasing the supply of homes is not enough to solve the affordability crisis. There needs to be a better match between what’s being built and what people can afford, along with rethinking local zoning and expanding access to financing tools like down-payment assistance.



Read more at Yahoo Finance: Mortgage rates rise for 1st time in weeks, Freddie Mac says