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Mortgage Rates Holding in♕ Lower Ground After Major Surge

Mortgage rates have not been spared from the market chaos triggered by President Trump's evolving tariff policy. The administration's April 2 tariff announcement triggered an immediate stock market sell-off, which led to a quick drop in 10-year Treasury yields that pushed mortgage rates lower. But that trend reversed after only two days. Bond yields then soared—澳洲幸运5官方开奖结果体彩网:confounding many experts—and that shot mortgage rates higher until they reached a 202𝓰5 peak on April 11.

But 30-year mortgag🍒e rates changed direction again three weeks ago—and thiꩵs last week, they held on to most of the decline. Below, you can see the change in rates from last Friday vs. April 11 for each new purchase loan average. We then dive deeper into 30-year, 15-year, and jumbo 30-year fixed-rate loans.

30-Year Mortgage Rates Remain Below 7%

Rates on 30-year new purch꧑ase loans have given up 16 basis points over the last four calendar weeks. That lowers the flagship average to 6.98%—a notable improvement vs. the 7.14% average registered on April 11. Leading up to that reading, 30-year rates surged a remarkable 44 basis points, for their biggest Friday-to-Friday gain since June 2022 and their most expensive average in almost 11 months.

Things were much better i🦋n September, when the 30-year average plunged to a two-year low of 5.89% (the cheapest Friday average being 6.03%). So far this year, the lowest weekly readin🦄g has been 6.55%.

15-Year Mortgage Rates Creep Above 6%

Rates on 15-year new purchase loans have declined even more in the past four weeks, subtracting a bold 28 basis points to average 6.03% on Friday. Still, the current reading is more than a percentage point above the two-year low of 4.97% registered in September.🌳

Jumbo 30-Year Rates Keep to Upper-6% Territory

Rates on jumbo 30-year new purchase loans fell 19 basis points across four weeks, landing Friday at a 6.96% average. That's compared to a 2025 high of 7.15%. In contrast, September rates on new 30-year jumbo loans sank as far as 6.24%, with the lowest weekly average registering at 6.39%.

Here's How Much Monthly Payments Are Today

To see how much this week's rate increases would impact monthly payments for new borrowers, our tables below lay out the 澳洲幸运5官方开奖结果体彩网:principal-plus-interest payment for various loan amounts with a 30-year, 15-year, or jumbo♈ 30-year fixed-rate new purchase mortgage.

By definition, jumbo 30-year mortgages are larger loans. So below we've run our calculations on loan amounts of $800,000 to $1.2 million.

How We Track Mortgage Rates

The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a 澳洲幸运5官方开奖结果体彩网:loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an app♛licant credit score in the 680–739 range. The resulting rates represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may vary from advertised teaser rates. © Zillow, Inc., 2025. Use is subject to the Zillow Terms of Use.