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Current mortgage rates report for May 22, 2025: Rates rising again

On May 22, 2025, mortgage rates have seen a slight decrease, with the average 30-year fixed-rate mortgage at 6.5%, down from last week's 6.6%, and the 15-year fixed-rate mortgage averaging 5.8%, a drop from 5.9%. The 5/1 adjustable-rate mortgage (ARM) stands at 6.1%, slightly lower than the previous week's 6.2%. This decline in rates is attributed to recent economic data suggesting a slowdown in inflation, prompting investors to adjust their expectations for future Federal Reserve actions. Despite the dip, experts caution that rates could rise again if inflation reaccelerates, advising potential homebuyers to consider locking in rates soon if they find a favorable deal.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-22-2025/ ]