Mortgage rates are up today, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.96%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

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

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 refi mortgages jumped several points—triggered by bond prices that soared Wednesday in response to President Trump's tax bill. Rates rose for most loan types.

WASHINGTON (Reuters) -Sales of new U.S. single-family homes unexpectedly increased in April as builders lowered prices to lure buyers, but rising mortgage rates and an uncertain economic outlook remain constraints for the housing market.

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%.

JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.

Mortgage rates had been falling, but this week's inflation figures could see rates start to rise again, a lender has warned.