After rising to a 2025 high in early April, 30-year mortgage rates have been yo-yoing in lower territory. Rates climbed Monday, along with averages for many other loan types.

The average rate on a 30-year fixed mortgage hit 7.04% on Monday, its highest level since April 11. These are today's mortgage and refinance rates. The U.S. credit rating was recently downgraded by Moody's, causing mortgage rates to tick up. Lock in your rate today.

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

Today's average 30-year mortgage rate is 6.90%. Rates are up across all loan types, including 15-year and jumbo mortgages.

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%.

The average rate on the 30-year fixed mortgage rose this week to 6.81%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.76%.

After steadily rising for a full week, 30-year mortgage rates have reversed course and slipped lower the last two days. Rates have dropped for many other loan types as well.

The rate on the 10-year Treasury note is determined by expectations for shorter-term interest rates in the economy over the duration of a bond, plus a term premium. The post Mortgage Demand From Homeowners Recovers as Applications Rise for the Second Week in a Row appeared first on Real Estate News & Insights | realtor.com®.