Current mortgage rates are higher today but lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate so far this year.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.53%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.51%. On a 30-year jumbo mortgage, the average rate is 6.

Stay up to date on the current mortgage rates with Newsweek Vault. Our goal is to help you understand the why behind current mortgage rate fluctuations.