Mortgage rates are up today, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.94%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

The average rate on the 30-year fixed mortgage rose this week to 6.86%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.

The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, which it set in mid-January. The average rate’s low point so far was five weeks ago, when it briefly dropped to 6.62%. It’s now at its highest level since Feb. 13, when it averaged 6.87%.

Rates on 30-year refi mortgages jumped several points—triggered by bond prices that soared Wednesday in response to President Trump's tax bill. Rates rose for most loan types.

Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.

Today’s 30-year mortgage rate rose to 7.14%, with 15-year and 5-year ARM rates also climbing. See current trends and tips to save.

Rates on 30-year mortgages have shot further above the 7% mark, following a rising bond market that reacted strongly Wednesday to the possibility of President Donald Trump's tax bill passing. The flagship average is now up to 7.11%, with rates rising for many other mortgage types as well.

JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.

In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up from 6.76% last week. So far this year, the popular product has averaged 6.80%, with the lowest level at 6.62% and the highest at 7.04%.

The rate on the 10-year Treasury note is determined by expectations for shorter-term interest rates in the economy over the duration of a bond, plus a term premium. The post Mortgage Demand From Homeowners Recovers as Applications Rise for the Second Week in a Row appeared first on Real Estate News & Insights | realtor.com®.

Mortgage rates had been falling, but this week's inflation figures could see rates start to rise again, a lender has warned.