U.S. Mortgage Rates Show Mixed Trends as Market Fluctuations Continue

30-year mortgage rates decline slightly, while other loan types see increases, reflecting ongoing volatility in the housing market.

The average rate for a 30-year fixed mortgage dropped to 6.87%, marking a fourth consecutive weekly decline, according to Freddie Mac.
Daily tracking by Investopedia showed a slight increase in 30-year mortgage rates to 6.93%, highlighting variations in rate calculations.
Rates for 15-year fixed mortgages climbed to 6.10%, with similar increases observed in jumbo loans and adjustable-rate mortgages.
Refinance rates for 30-year fixed loans rose to a national average of 7.08%, with significant state-by-state variations ranging from 6.78% to 7.19%.
Mortgage rates remain influenced by Federal Reserve policies, bond market trends, and lender competition, with rates still elevated compared to pandemic-era lows.