Average Rate on a US 30-Year Mortgage Rises to 6.86%, Its Highest Level Since Mid-February
- Freddie Mac reported on May 23, 2025, that the average U.S. 30-year mortgage rate rose to 6.86%, its highest since mid-February.
- This increase follows previous fluctuations caused by factors like changes in the 10-year Treasury yield, investor anxiety, and Federal Reserve policy expectations.
- Mortgage rates, influenced by global demand for U.S. Treasurys and economic inflation expectations, have remained near this year's peak just above 7% set in mid-January.
- Higher mortgage interest rates, which increase monthly expenses by several hundred dollars for borrowers, have deterred potential homebuyers and contributed to a decline in home sales, with April marking the slowest sales pace since 2009.
- Increasing mortgage rates and economic developments are causing a slowdown in this spring’s homebuying activity and suggest that the Federal Reserve may reduce interest rates less aggressively than previously anticipated this year.
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Photo by Vladimir Kudinov via UnsplashThis story was originally published on The Daily Upside. To receive delivering razor sharp analysis and perspective on all things finance, economics, and markets, subscribe to our free The Daily Upside newsletter.Fewer people are buying homes this spring, but not for lack of interest. We’re talking about mortgages, of course: The average rate on a 30-year fixed mortgage jumped to 6.86% in the week ending Thu…
Average mortgage rate rises to highest level since mid-February
The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.
The Average 30-Year Mortgage Rate in the U.S. Rises to 6.86%, Its Highest Level Since February.
By ALEX VEIGA The average rate on a 30-year mortgage in the United States rose this week to its highest level since mid-February, a setback for homebuyers that threatens to further dampen sales this spring buying season. The rate rose to 6.86% from 6.81% last week, mortgage buyer Freddie Mac reported Thursday. A year ago, the rate averaged 6.94%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loan…

Average rate on a US 30-year mortgage rises to 6.86%, its highest level since mid-February
The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.
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