Average 30-year fixed mortgage rates stand at 6.34%, reflecting recent volatility tied to Treasury yields and geopolitical tensions.
U.S. mortgage rates remained near multi-month highs, with the 30-year fixed rate averaging 6.34% as of May 25, 2026. The 15-year fixed rate held at 5.90%, while adjustable-rate mortgages saw slight variations, with the 5/1 ARM at 6.29%. Refinance rates edged higher, with the 30-year fixed refinance rate at 6.38%.
Rates fluctuated last week, initially rising before declining over consecutive days. Market observers attribute the movement to shifting Treasury yields and ongoing developments in the Middle East, which continue to influence investor sentiment. The current levels reflect a modest pullback from recent peaks but remain elevated compared to early 2026 averages.
Refinance rates typically exceed purchase rates, though the gap has narrowed in recent weeks. The latest data underscores persistent volatility in the mortgage market as lenders adjust to broader economic signals.