For a more in-depth analysis of the Fed rate cuts, work data, and prices, check out CNET Money’s regular mortgage price projection.

It’s been a turbulent several times for loan rates. The risk of a global trade war, rising inflation, and growing crisis fears have all slowed down consumers ‘ choices.

Today, the average interest rate for a 30-year fixed mortgage is 7.02 %, up 0.06 percentage points from the previous week. The 15-year fixed mortgage has an average rate of 6. 99 %, which is an increase of 0.044 % from last week.

The Federal Reserve is making interest rate changes based on a wait-and-see principle given the level of financial uncertainty. The central bank has maintained costs solid so far in 2025, continuing its keeping structure for a second consecutive conference on May 7. After cutting saving costs three times last season,

Conform Logan Mohtashami, senior analyst at HousingWire, if President Trump eases some of his stringent tariff measures or if the piața muncii se deteriorează, it might prompt the Fed to resume easing interest rates, which would put downward pressure on bond yields and mortgage rates.

For the time being, average Rate fixe pe 30 de ani are likely to stay between 6.5 % and 7 %. Prospective homebuyers are also continuing to struggle with prețuri mari la case şi inventar limitat.

Be prepared to profit when mortgage rates start to drop. Experts advise comparing multiple offers and shopping around to find the best deal. To receive a personalized quote from one of CNET’s partner lenders, enter your information here.

About these rates: The Bankrate tool provides rates from partner lenders that you can use to compare various mortgage rates.

What causes the current high mortgage rates?

Mortgage rates are closely related to the bond market, particularly the 10-year Treasury yield, which is sensitive to market expectations for inflation, labor data, monetary policy changes, and other global measures like tariffs.

Although earlier forecasts suggested a gradual decline in mortgage rates ( possibly 6 % by the end of 2025 ), concerns about a potential recession and ambiguous trade policies have kept longer-term bond yields and mortgage rates in flux.

Conform Melissa Cohn, regional vice president at William Raveis Mortgage, “bond yields will only fall” if the rate of inflation continues to fall and the economy weakens. According to Cohn,” If inflation were to fire back up, that could cause rates to go up,” noting that tariffs by nature are inflationary.

Without the possibility of a job-loss recession, it will be difficult for mortgage rates to drop below 5.5 % even if the economy slows and the Fed resumes interest rate cuts this summer.

See the chart below for a look at mortgage rate change in recent years.

What direction are mortgage rates going?

Check out CNET Money’s 2025 mortgage forecast. Here’s a look at where some major housing authorities anticipate average mortgage rates to rise.

What type and term of mortgage should I choose?

A loan term or payment schedule is included in each mortgage. 15 and 30 year mortgage terms are the most common, but there are also 10-, 20-, and 40-year mortgage terms. With a fixed-rate mortgage, the interest rate is fixed for the duration of the loan, providing stability. The interest rate on an adjustable-rate mortgage is only fixed for a certain amount of time ( commonly five, seven, or ten years ), and thereafter the rate adjusts annually based on the market. If you want to live in a house for the long term, fixed-rate mortgages are a better choice, but adjustable-rate mortgages may offer lower interest rates at the start.

Ipoteci cu rată fixă pe 30 de ani

Today, the average interest rate for a 30-year fixed mortgage is 7.02 %. The most popular loan term is a 30-year fixed mortgage. You’ll pay less per month, though the interest rate is frequently higher than a 15-year mortgage.

Mortgages with a 15-year fixed rate

The average rate for a 15-year, fixed mortgage today is 6.19 %. A 15-year loan typically comes with a lower interest rate, which means you can pay less interest in the long run and pay off your mortgage sooner than a 30-year fixed mortgage, despite having a larger monthly payment.

Mortgages with adjustable rates of 5/1

Today, the average rate for a 5 / 1 ARM is 6.2 %. In the first five years of the mortgage, you’ll typically receive a lower introductory interest rate with a 5/1 ARM. However, based on how the rate changes each year, you may have to pay more after that time. An ARM might be a good choice if you want to sell or refinance your home in five years.

Calculate the amount of your mortgage payment each month.

Getting a mortgage should always be influenced by your current financial situation and long-term objectives. Making a budget and attempting to stay within your means are the most important things. Homebuyers can get ready for monthly mortgage payments using Calculatorul de credite ipotecare de la CNET.

How do I locate the best mortgage rates?

Although home prices and mortgage rates are high, the housing market won’t remain unaffordable forever. When the right moment comes, it’s always a good idea to save money for a down payment and raise your credit score to help you secure a competitive mortgage rate.

Save for a bigger down payment: Although a 20 % down payment is not necessary, a smaller mortgage will save you money on interest.
1. Improve your credit score: A 620 credit score will help you qualify for a conventional mortgage, but a higher score of at least 740 will guarantee better rates.
2. Achitați datoriile: To help you qualify for the best rates, experts advise a 36 % or lower debt-to-income ratio. You’ll be better able to handle your monthly payments if you don’t have any other debt.
3. Împrumuturi și asistență pentru cercetare: Government-sponsored loans have more flexible borrowing terms than conventional loans. Your down payment and closing costs can also be covered by some government-sponsored or private programs.
4. Căutați creditori în diverse oferte: Researching and contrasting multiple loan offers from various lenders can help you find the best mortgage rate for your situation.