US EditionAverage mortgage rate holds steady near highest level this year
- Freddie Mac reported that the average 30-year mortgage rate in the U.S. Remained steady at 6.76% for the second consecutive week in early May 2025.
- This stability follows a period of volatility driven by factors such as global demand for U.S. Treasurys, Federal Reserve policies, and bond market investor expectations about inflation and the economy.
- Mortgage rates exceeded 7% in mid-January and have since fluctuated in response to movements in the yield of the 10-year Treasury note, a key benchmark for mortgage pricing; this yield jumped to 4.5% last month following a government bond sell-off driven by concerns over the trade conflict.
- The median monthly housing payment reached an all-time high of $2,868, and sales of previously occupied homes declined in March by the largest monthly margin since November 2022, according to a Redfin report.
- Economists expect mortgage rates to stay volatile and remain above 6.5% this year, with analyst Jiayi Xu noting rates will likely stay at a high-6% unless major policy changes or economic developments, such as upcoming U.S.-China trade talks, occur.
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Associated Press News+27 Reposted by 27 other sources
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
The average rate on a 30-year mortgage in the U.S. held steady this week, not far from its highest levels this year, but below where it was a year ago.
·United States
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Mortgage rates remain at steady high
The average rate for a 30-year mortgage in the U.S. remained constant at 6.76%, indicating stability but hovering near the highest levels observed this year. However, this rate is lower than the average recorded a year ago, which was at 7.09%. The big picture: The borrowing costs for 15-year fixed-rate mortgages eased slightly. The average rate decreased to 5.89% from 5.92% the previous week and was notably lower than the 6.38% average recorded…
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Total News Sources39
Leaning Left7Leaning Right2Center18Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 26%
C 67%
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