Mortgage Rates Today, May 19, 2025: 30-Year Rates Climb to 6.90%

Wall Street Journal

19-05-2025

Mortgage rates are up today, but still under 7%. Today's national average on a 30-year fixed-rate mortgage is 6.90%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.08%.
Even though mortgage rates are a little higher this week, they remain mostly rangebound. The latest Federal Reserve decision to maintain the current benchmark has many markets, including the housing market, in wait-and-see mode.
Mortgage rates aren't directly impacted by the Fed, but commentary from policymakers can impact how people feel about the economy and whether they feel comfortable buying a home.
The 10-year Treasury note is the basis for 30-year mortgage rates, and it has been fluctuating somewhat. Currently, though, Treasury notes have leveled off at around 4.25%.
Top mortgage rates today
Current mortgage rates are up and higher than they were seven days ago but lower than in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. Even though Federal Reserve policy doesn't directly impact today's mortgage rates, they have been easing since the Fed began cutting rates in late 2024, and policymakers have holding rates steady in 2025.
Mortgage rates change regularly, so compare offers and consider the personal and market factors that influence your quoted mortgage rate.