<ul><li>The average mortgage rate on a 30-year fixed mortgage is currently 6.99%, higher than last week's 6.92%.</li><li>For a 15-year fixed mortgage, the average rate is now at 6.05%, up from the previous week's 5.91%.</li><li>Factors like Federal Reserve decisions, U.S. Treasury bond yields, and global events impact mortgage rates, making it difficult to foresee significant rate drops.</li><li>Using a mortgage calculator can help estimate monthly payments based on factors like interest rate, purchase price, and down payment.</li></ul>

Mortgage Rates Today: May 23, 2025 – 30-Year Rates Steady, 15-Year Rates Up

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