Mortgage rates are up today but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.85%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

After dropping earlier this week, 30-year mortgage rates ticked up mildly on Thursday. Rates edged up for several other loan types as well.

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Tuesday, lowering the flagship average after a two-day climb. Rates dropped for many other loan types as well.

Mortgage rates have dropped over the early months of 2025, offering homebuyers an opportunity for some borrowing relief if they move ahead with the big-ticket purchase. The housing market remains sluggish and wider economic uncertainty looms,

Mortgage rates stayed steady this week. On Thursday, the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, reported the weekly U.S. average 30-year fixed-rate mortgage rate remained at 6.

Freddie Mac’s average rate for a 30-year fixed-rate was unchanged for the week ending May 8, holding steady at 6.76%.