In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up from 6.76% last week. So far this year, the popular product has averaged 6.80%, with the lowest level at 6.62% and the highest at 7.04%.

Though they briefly stepped off the gas with a small dip, 30-year refinance rates are on the upswing again. Rising 8 basis points, the new 30-year refi average is up to a three-week high of 7.24%. It's still a slight improvement vs. mid-April, when a five-day surge pushed rates to 7.31%—their most expensive level since July 2024.

Rate-and-term locks were down 15.4% versus the prior month, but up 172.9% compared with April 2024. Meanwhile, cash-out locks were 3.2% lower versus March but up 34.5% over a year ago. Optimal Blue's own mortgage rate data found the 30-year conforming ...

The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.04% of all loans outstanding at the end of the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

Home prices are likely to gain, but less quickly, in the 2025 housing market. Here's what to know about mortgage rates, rate lock-in, and more.

In a competitive housing market with high demand, mortgage rates may rise, while rates may decrease in a slower market. Creditworthiness: Borrowers' credit scores and financial histories play a ...