The current mortgage rate on a 30-year fixed mortgage rose by 2.00% in the last week to 6.31%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage climbed 0.14 percentage point during the same period to 5.

Fast forward to September 2025, when the Fed cut rates again, this time by 25 basis points, lowering its benchmark range to 4.00% to 4.25%. Mortgage rates responded positively, with the average 30-year fixed dipping to a three-year low of about 6.13%, down from the mid-6.4% range earlier that month.

Explore current mortgage rates and what they mean for homebuyers.

The rate on a 30-year fixed refinance rose to 6.37% today, according to the Mortgage Research Center. Rates averaged 5.38% for a 15-year financed mortgage and 6.05% for a 20-year financed mortgage.  R

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year.

After you submit your mortgage application, the lender will begin the underwriting process to decide whether they'll approve or deny the loan. You can expect the underwriting process to take anywhere from 30 to 60 days to complete.

Reverse mortgages can unlock big financial flexibility, but some options may work better than others right now.

Mortgage applications jumped sharply last week, driven by lower rates and a rebound in refinance activity. According to MBA’s Weekly Applications Survey for the week ending October 24, total volume rose 7.

It's going to take the Federal Reserve some time to shed $2.08 trillion of mortgage-backed securities. That's because of the Fed's glut of low-coupon pandemic mortgages on its balance sheet. After all,