Early forecasts called for a gradual decline in mortgage rates (potentially reaching 6% by the end of 2025), but concerns over a potential recession and uncertain trade policies h

Buying down the interest rate is becoming more popular among homebuyers as mortgage rates remain stuck at historic highs. But is it worth it?

Mortgage rates remained mostly stable heading into Memorial Day weekend, with the average 30-year fixed rate holding at 7.13% as of May 23, 2025, according to Zillow. Here’s a breakdown of how today’s rates compare across different loan types and what borrowers should know before locking in a loan.

Tariff and deficit concerns sparked Moody's to downgrade the US's credit rating last week, jolting bond markets and sending mortgage rates higher. They now average 6.86%, according to Freddie Mac.

Mortgage rates climbed to the highest level in three months. The average rate on the standard 30-year fixed mortgage rose to 6.86%, according to a survey of lenders by mortgage-finance giant Freddie Mac.

Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.

The average 30-year fixed mortgage rate rose to 6.86% nationally, according to mortgage giant Freddie Mac's weekly survey.

Rates on 30-year mortgages have shot further above the 7% mark, following a rising bond market that reacted strongly Wednesday to the possibility of President Donald Trump's tax bill passing. The flagship average is now up to 7.11%, with rates rising for many other mortgage types as well.

Mortgage rates rose in the past week, but they remain relatively stable and are unlikely to further constraint housing affordability.

Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.

The U.S. Mint has made its final order of penny blanks and plans to stop producing the coin when those run out, a Treasury Department official confirmed Thursday.