Mortgage interest rates slipped lower over the past week, settling at the lowest level of 2025, but remaining elevated enough to stifle normal levels of buying and selling in the housing market.

Mortgage rates fluctuate daily, so a little volatility can always be expected. On Monday, the average rate on a 30-year fixed mortgage was around 6.96%, according to Bankrate data, which is 0.15% lower than January's peak of 7.11%. But February could see more turbulence than usual.

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season

Mortgage rates fell slightly again this week but long-term rates remain in the upper-6% range as the housing market continues to drag, waiting for greater declines.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Mortgage rates in the US dropped for a third straight week,

Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing. Even though rates are higher compared to last

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.85%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.86%. On a 30-year jumbo mortgage, the average rate is 7.

As average 30-year mortgage rates have stayed stuck around 7%, the net share of consumers who believe they’ll fall in the next 12 months declined sharply in Fannie Mae’s latest survey on housing market attitudes.