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Giving Home > Giving News > Finance News > Mortgage Rates Edge Higher

Mortgage Rates Edge Higher

Published May 16, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, May 15. According to the survey, the mortgage rates for 30-year and 15-year loans ticked up but remained below the 7% mark.

This week, the 30-year fixed mortgage rate averaged 6.81%, an increase from last week’s average of 6.76%. Last year at this time, the 30-year fixed mortgage rate averaged 7.02%.

The 15-year fixed mortgage rate averaged 5.92% this week, up from last week’s average of 5.89%. During the same week last year, the 15-year fixed mortgage rate averaged 6.28%.

“The 30-year fixed-rate mortgage remained below the 7% threshold for the 17th consecutive week,” said chief economist at Freddie Mac, Sam Khater. “Stable mortgage rates coupled with moderately rising inventory are attracting homebuyers into the market, with purchase application activity up 18% from last year.”

Based on published national averages, the savings rate was 0.41% as of 4/21. The one-year CD averaged 1.77%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.