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Current refi mortgage rates report for May 7, 2025
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Orbitz

Current refi mortgage rates report for May 6, 2025

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See Tuesday's report on average refi rates on different types of home loans.
On May 6, 2025, mortgage refinance rates showed a mix of increases and decreases across different loan terms. The 30-year fixed-rate mortgage refinance increased to 7.00%, up from 6.99% the previous week, while the 20-year fixed-rate saw a slight rise to 6.75% from 6.74%. Conversely, the 15-year fixed-rate mortgage decreased to 6.25% from 6.26%, and the 10-year fixed-rate also dropped to 6.125% from 6.15%. Adjustable-rate mortgages (ARMs) experienced a decline, with the 5/1 ARM falling to 6.00% from 6.05% and the 7/1 ARM decreasing to 6.125% from 6.15%. These rates reflect the ongoing fluctuations in the mortgage market, influenced by economic conditions and Federal Reserve policies.

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[ https://fortune.com/article/current-refi-mortgage-rates-05-06-2025/ ]