Today's Mortgage Rates on May 12, 2025: Rates Jump Up as Markets Price in Fewer Fed Cuts

Today's Mortgage Rates on May 12, 2025: Rates Jump Up as Markets Price in Fewer Fed Cuts

Investors are forecasting fewer Fed cuts after a Trump issued a 90-day reprieve on triple-digit tariffs on China. Here's what that means for mortgage rates.

Today's Mortgage Rates - May 12, 2025: Rates Rise Narrowly Affecting Homebuyers

As of May 12, 2025, mortgage rates are hovering around the high 6% range, with the average rate for a 30-year fixed mortgage at approximately 6.80%. These rates reflect ongoing economic dynamics and fluctuations driven by variables such as inflation data and broader market trends. For borrowers and potential homebuyers, understanding these rates is essential for making informed decisions in today’s housing market. Today's Mortgage Rates – May 12…

1 in 4 potential buyers waiting for rates to fall

A new report suggests mortgage rates are continuing to delay purchase decisions, but younger buyers are most eager to trade renting for homeownership.