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Current refi mortgage rates report for May 23, 2025

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

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On May 23, 2025, mortgage refinance rates have seen a slight decrease, with the average 30-year fixed-rate mortgage at 7.00%, down from 7.05% the previous week, and the 15-year fixed-rate at 6.25%, down from 6.30%. The 10-year fixed-rate mortgage stands at 6.125%, a decrease from 6.25%. These rates are influenced by various economic factors, including inflation and Federal Reserve policies. For those considering refinancing, experts suggest comparing rates from multiple lenders and considering the break-even point to ensure the move is financially beneficial. Additionally, understanding the different types of mortgage products available, such as adjustable-rate mortgages (ARMs), can help borrowers make informed decisions based on their financial situation and future plans.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-23-2025/ ]