Mortgage rates have increased, 30-year fixed at 6.89%, 15-year fixed at 6.03%

From Yahoo Finance: 2025-05-30 06:00:00

Mortgage rates have increased, with the 30-year fixed rate at 6.89% and the 15-year fixed rate at 6.03%. Shopping around for rates is advised, as savings can be significant with multiple quotes. Current national averages for mortgage rates include 30-year fixed at 6.87%, 20-year fixed at 6.69%, and 15-year fixed at 6.05%. Refinance rates, which are typically higher, include a 30-year fixed at 6.89% and a 15-year fixed at 6.10%. Fixed-rate mortgages offer predictability, while adjustable-rate mortgages have changing rates after an initial period. Mortgage rates have risen but are slightly lower than in 2024. Predictions suggest rates may not lower significantly in the near future.



Read more at Yahoo Finance: Rates are now highest since February