Though the Fed's policy changes have a ripple effect on all short-term lending rates, the central bank doesn't directly set the rates on home loans. Mortgage rates are primarily d

In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up from 6.76% last week. So far this year, the popular product has averaged 6.80%, with the lowest level at 6.62% and the highest at 7.04%.

The Fed is currently neutral on interest rates but could resume cuts later this year. If you're house hunting, here's how that may—or may not—impact 2025 mortgage rates.

The Fed paused rates again at its May meeting, so could mortgage rates finally fall? Here's what to expect now.

Interest rates for credit cards to mortgages jumped since the Fed began fighting inflation in 2022. Here's where experts think rates are headed.

What the Fed rate announcement means for homebuyers, borrowers and savers.

“Future rates will continue to be impacted by ... given the added inflationary pressures.” “A 'higher-for-longer' mortgage rate environment will continue to dampen house-buying power ...

Compared to historical mortgage rates, 7% isn’t considered a high rate. While it might be high compared to pandemic-era rates that were sub-3%, it’s on par with mortgage rates in the 1990s ...

Mortgage rates edged slightly lower, Freddie Mac data released May 1 shows. But what’s in store for home buyers in the next month — and year?

Future outlook for mortgage rates Most major forecasts ... If the mortgage rate you're paying is higher than the rates that are currently available, it may be worth it to refinance your mortgage.