Today, the mortgage interest rate on a 30-year fixed mortgage is 7.46%, according to Curinos, while the average rate on a 15-year mortgage is 6.64%. On a 30-year jumbo mortgage, the average rate is 7.

The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.

The rate on a 30-year fixed refinance climbed today. The average rate on a 30-year fixed mortgage refinance is 7.55%, according to Curinos, while the average rate on a 15-year mortgage refinance is 6.

These are today's mortgage and refinance rates. Mortgage rates have increased this month, and it's unclear if they'll drop much this year.

US mortgage rates topped 7% last week, reaching the highest level since early May and extending a months-long advance that risks restraining the housing market.

For now, expectations for interest rate cuts in 2025 are relatively limited. This may limit the potential for lower mortgage rates.

When the Fed cuts rates, it often leads to lower mortgage rates because borrowing costs drop overall. Unfortunately, though, mortgage rates have instead climbed higher since the F

After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.

Mortgage demand has started stronger this year compared to last, despite higher interest rates. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume was 7% higher last week than one year ago.