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Current mortgage rates report for May 21, 2025: Rates tick upward once again

See Wednesday's report on average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.
On May 21, 2025, mortgage rates have seen a slight increase across various loan types. The average rate for a 30-year fixed mortgage is now at 7.05%, up from last week's 7.02%, while the 15-year fixed mortgage rate has risen to 6.35% from 6.32%. Adjustable-rate mortgages (ARMs) have also edged up, with the 5/1 ARM now at 6.25% compared to 6.22% the previous week. Despite these increases, experts suggest that rates may stabilize in the coming months due to moderating inflation and potential Federal Reserve actions. Homebuyers are advised to compare rates and consider locking in a rate soon, as the current environment remains favorable compared to historical highs.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-21-2025/ ]