Today's Mortgage Rates - May 14, 2025: Rates Jump by 8 Basis Points After Inflation Data

7% Mortgage Rates Are Back Again Despite Lower Inflation and Tariff Relief - The Truth About Mortgage

Why are mortgage rates approaching 7% again if inflation is cooling and the trade war has softened? You would think interest rates would be coming down thanks to both falling prices and reduced tension with trade partners like China. Instead, the 10-year bond yield keeps rising, and at last glance was above 4.50% today. Combine… Read More »7% Mortgage Rates Are Back Again Despite Lower Inflation and Tariff Relief The post 7% Mortgage Rates Are B…

Today's Mortgage Rates - May 14, 2025: Rates Jump by 8 Basis Points After Inflation Data

Mortgage rates on May 14, 2025, are currently experiencing instability with variations in rates across different loan types. The average rate for a 30-year fixed mortgage stands at 6.84%, showing a slight increase, while the 15-year fixed mortgage has decreased marginally to 6.06%. These fluctuations are significantly influenced by recent inflation reports which indicate that the rate of inflation is slowing down compared to previous months. Tod…