Current mortgage rates report for May 8, 2025: Rates take another small step higher

Show House and Home Publications

Mon, June 16, 2025

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Wed, June 11, 2025

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Mon, June 9, 2025

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Firefighters extinguish fire at abandoned home in Waipahu

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Sun, June 8, 2025

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Single Mom Wins House + New Trader Joe's Store + Over 40 Pets Rescued: Saturday Smiles

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Home secretary yet to agree deal three days before spending review

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Wed, June 4, 2025

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Tue, June 3, 2025

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A new record: Value of homes for sale is nearly $700 billion. Is that good news for buyers?

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Vt. home buyers still struggling amid increase in available housing

[ Tue, Jun 03rd ]: PBS

NJ Spotlight News | First-time homebuyers face high prices and interest rates | Season 2023

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Sat, May 31, 2025

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Thu, May 29, 2025

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Wed, May 28, 2025

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[ Wed, May 28th ]: Fortune

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Tue, May 27, 2025

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Current mortgage rates report for May 26, 2025: Rates hold steady after recent increase

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[ Tue, May 20th ]: wjla

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Current mortgage rates report for May 20, 2025: Rates take slight dip

Mon, May 19, 2025

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Texas home 'leveled to the ground' in massive explosion - UPI.com

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Fri, May 16, 2025

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Home prices are falling in these formerly hot markets. Why?

Current mortgage rates report for May 8, 2025: Rates take another small step higher

//house-home.news-articles.net/content/2025/05/0 .. 8-2025-rates-take-another-small-step-higher.html

Published in House and Home on Thursday, May 8th 2025 at 3:29 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

See Thursday's report on average mortgage rates on different types of home loans so you can pick the best mortgage for your needs as you house shop.

On May 8, 2025, mortgage rates have seen a slight increase, with the average 30-year fixed-rate mortgage at 7.05%, up from 7.02% the previous week, while the 15-year fixed-rate mortgage rose to 6.35% from 6.32%. The 5/1 adjustable-rate mortgage (ARM) also edged up to 6.45% from 6.42%. Despite these increases, rates remain higher than last year due to persistent inflation and a strong economy, which have led the Federal Reserve to maintain elevated interest rates. Homebuyers are facing challenges with affordability, as higher rates increase monthly payments, but some experts suggest that rates might stabilize or slightly decrease later in the year if inflation cools down.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-08-2025/ ]

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