<ul><li>Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.85%, down 2.06% from the previous week.</li><li>Consider a 15-year fixed mortgage with an average APR of 5.91% for lower rates, despite higher monthly payments due to quicker house payoff.</li><li>Average rate for 30-year mortgage is 6.85%, with an APR of 6.88%, while 15-year mortgage rate is at 5.86% and APR at 5.91%.</li><li>Factors influencing mortgage rates include U.S. Treasury bond yields, the Federal Reserve's decisions, and global economic events, making a significant drop in rates unlikely soon.</li></ul>

Mortgage Rates Today: May 30, 2025 – Rates Fall

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