After notching a 2025 high last month, 30-year mortgage rates continue to bob around in lower territory. Rates dropped for many new purchase loan types Tuesday.

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.

Mortgage rates are up today and still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.89%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

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 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®.

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