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Mortgage Rates Move Higher

Published May 30, 2025

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, May 29. According to the survey, the mortgage rates for 30-year and 15-year loans rose to the highest levels since February.

This week, the 30-year fixed mortgage rate averaged 6.89%, an increase from last week’s average of 6.86%. Last year at this time, the 30-year fixed mortgage rate averaged 7.03%.

The 15-year fixed mortgage rate averaged 6.03% this week, up from last week’s average of 6.01%. During the same week last year, the 15-year fixed mortgage rate averaged 6.36%.

“This week, the 30-year fixed-rate mortgage rose slightly higher,” said chief economist at Freddie Mac, Sam Khater. “Aspiring buyers should remember to shop around for the best mortgage rate, as they can potentially save thousands of dollars by getting multiple quotes.”

Based on published national averages, the savings rate was 0.42% as of 5/19. The one-year CD averaged 1.75%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.