United States 30 Year Mortgage Rate

The average rate on a 30-year fixed mortgage backed by Freddie Mac remained steady at 6.76% on May 8th. “Mortgage rates stayed flat this week. At this time last year, the 30-year fixed-rate mortgage was 30 basis points higher and purchase applications were declining. Today, rates are lower and have remained stable for weeks, sparking continued increases in purchase applications,” said Sam Khater, Chief Economist at Freddie Mac.