Current mortgage rates report for May 16, 2025: Rates tick up again

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Current ARM mortgage rates report for May 16, 2025

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Current mortgage rates report for May 16, 2025: Rates tick up again

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Current mortgage rates report for May 16, 2025: Rates tick up again

^{Published on 2025-05-16 03:29:39 - Fortune}

See Friday'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 16, 2025, mortgage rates have seen a slight increase across various loan types. The average rate for a 30-year fixed mortgage is now at 7.125%, up from last week's 7.000%, while the 15-year fixed mortgage rate has risen to 6.375% from 6.250%. Adjustable-rate mortgages (ARMs) have also edged up, with the 5/1 ARM now averaging 6.125%, a rise from the previous week's 6.000%. Despite these increases, experts suggest that rates may stabilize in the coming months due to anticipated Federal Reserve actions aimed at controlling inflation. Homebuyers are advised to compare rates from multiple lenders to secure the best possible deal in this fluctuating market environment.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-16-2025/ ]

N@N

Current mortgage rates report for May 16, 2025: Rates tick up again