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Current refi mortgage rates report for May 28, 2025

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

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On May 28, 2025, mortgage refinance rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.00%, up from 6.99% the previous week, and the 15-year fixed-rate at 6.25%, up from 6.24%. The 10-year fixed-rate mortgage remains at 6.00%. Despite these small rises, experts suggest that now could still be a good time to refinance due to the potential for future rate increases. Additionally, adjustable-rate mortgages (ARMs) are showing rates of 6.50% for a 5/1 ARM, slightly up from last week's 6.49%. Homeowners are encouraged to compare rates from multiple lenders to secure the best possible deal, as individual rates can vary based on credit scores and other factors.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-refi-mortgage-rates-05-28-2025/ ]