Average mortgage rate climbs to 8-week high

Average mortgage rate climbs to 8-week high

The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the spring homebuying season. The rate rose to 6.83% from 6.62% last week,…

Today's Mortgage Rates April 18, 2025: Rates Rise Sharply as Tariffs Fuel Uncertainty

On April 18, 2025, mortgage rates remain relatively favorable compared to last year, despite experiencing weekly fluctuations. The average for 30-year fixed-rate mortgages is around 6.71%, and for 15-year fixed mortgages, it’s approximately 6.01%. Refinance rates are also in a similar range, with the 30-year refinance rate averaging 6.77%. If we look at the weekly averages, rates have gone up considerably. According to data from Freddie Mac, the…