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Current refi mortgage rates report for May 22, 2025

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  See Thursday's report on average refi rates on different types of home loans.

On May 22, 2025, mortgage refinance rates showed a mix of increases and decreases across different loan terms. The 30-year fixed-rate mortgage refinance increased to 7.50%, up from 7.47% the previous week, while the 20-year fixed rate saw a slight rise to 7.375% from 7.31%. Conversely, the 15-year fixed-rate mortgage decreased to 6.625% from 6.68%, and the 10-year fixed rate dropped to 6.625% from 6.68%. Adjustable-rate mortgages (ARMs) also experienced changes, with the 5/1 ARM increasing to 6.5% from 6.375%, and the 7/1 ARM rising to 6.625% from 6.5%. The article advises potential refinancers to consider their long-term housing plans and financial goals, as shorter-term loans offer lower rates but higher monthly payments, while longer-term loans provide lower monthly payments but higher overall interest costs.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-22-2025/ ]