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

On May 26, 2025, mortgage rates have seen a slight decrease, with the average 30-year fixed mortgage rate at 6.5% and the 15-year fixed rate at 5.875%. This drop is attributed to recent economic data suggesting a slowdown in inflation, prompting investors to adjust their expectations for future Federal Reserve actions. Despite the decline, rates remain higher than historical averages, impacting affordability for potential homebuyers. Experts suggest that while rates may fluctuate, the overall trend could be downward if inflation continues to moderate, but they advise buyers to act if they find a suitable home and rate.

Read the Full Fortune Article at:
[ https://fortune.com/article/current-mortgage-rates-05-26-2025/ ]