US EditionToday's Mortgage Rates for May 15, 2025: Tariff Deals Aren't Making a Difference for Rates
- Mortgage rates increased to an average 7.01% for 30-year fixed loans in the week ending May 15, 2025, impacting home affordability across U.S. Markets.
- The rise followed a 14 basis point climb since early May despite Federal Reserve's steady rates and three prior rate cuts, with tariffs and inflation contributing factors.
- In Q1 2025, households earning $75,000 could afford only 21.2% of home listings, an improvement from 20.8% a year earlier due to a 20% increase in housing inventory.
- Senior economist Nadia Evangelou said the "housing market is at a turning point" as more homes appear, especially in 17 markets with median prices under $200,000 like Decatur, Illinois.
- Mortgage rates' continued rise may keep affordability constrained, making it advisable for buyers to compare multiple lenders and focus on homes within clear financial range.
44 Articles
44 Articles
Daily Journal
Weekly Mortgage Rates Edge Higher in the Heart of Homebuying Season
Mortgage rates climbed for the second week in a row, denting home affordability in the middle of homebuying season.The average rate on the 30-year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according…
Mortgage Rates Remain Under Seven Percent - Federal Home Loan (OTC:FMCC)
MCLEAN, Va., May 15, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81%. "The 30-year fixed-rate mortgage remained below the 7% threshold for the 17th consecutive week," said Sam Khater, Freddie Mac's Chief Economist. "Stable mortgage rates coupled with moderately rising inventory are attracting homebuyers into t…
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