As of Monday, May 19, 2025, the national average mortgage rates in the U.S. are as follows:

• The average 30-year fixed mortgage APR is about 6.96%, with the current average interest rate around 6.89%

• The average 15-year fixed mortgage APR is approximately 6.18%, with the interest rate near 6.08%

• For refinancing, the 30-year fixed refinance rate is about 6.85%, and the 15-year refinance rate is around 6.11%

Top offers from lenders can be lower than the national average, sometimes significantly reducing your mortgage costs

. Mortgage rates vary by loan type (e.g., FHA, VA, Jumbo) and term length, with rates for these products typically close to the averages above

. Rates have recently risen slightly but remain under 7%, influenced by factors like inflation trends and Treasury yields

. To find the best current mortgage rate for your situation, it is advisable to compare offers from multiple lenders, considering both the interest rate and APR, and to get preapproved to receive personalized quotes

. For the most up-to-date and localized mortgage rates, you can check sources such as Bankrate, U.S. Bank, Wells Fargo, Freddie Mac, NerdWallet, and Bank of America, which update their rates daily