Current mortgage rates report for May 6, 2025: Rates tick back up

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Current mortgage rates report for May 6, 2025: Rates tick back up

//house-home.news-articles.net/content/2025/05/0 .. es-report-for-may-6-2025-rates-tick-back-up.html

Published in House and Home on Tuesday, May 6th 2025 at 4:09 GMT by Fortune

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

On May 6, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed mortgage rate rising to 7.125% from 7.000% the previous week, and the 15-year fixed rate increasing to 6.375% from 6.250%. This uptick is attributed to ongoing economic recovery and inflation concerns, which continue to influence the Federal Reserve's monetary policy decisions. Despite the rise, experts suggest that rates may stabilize in the coming months as the economy finds a new equilibrium. Homebuyers are advised to consider locking in rates now if they find favorable terms, as the market remains unpredictable.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-06-2025/ ]