Mortgage Interest Rates Forecast

Mortgage rates this week

After two weeks' worth of solid increases, mortgage rates for fixed-rate loans rose just a little the week ending April 24. Rates were higher, but the week-over-week bump was substantially smaller.

• The 30-year fixed-rate mortgage averaged 7% APR, up three basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.

• The 15-year fixed-rate mortgage averaged 6.18% APR, up three basis points from the previous week's average.

• The 5-year adjustable-rate mortgage averaged 7.27% APR, up six basis points from the previous week's average.

This week's movement may seem like a bigger jump than it was because average interest rates on 30-year, fixed-rate loans have crept back up to 7%. Seeing that whole number may give buyers pause. But we're only about half a percentage point above the lowest mortgage interest rates we've seen so far this year. Despite day-to-day and week-to-week volatility, overall in 2025 mortgage interest rates haven't strayed from a range of about 6.5% to 7%.

While buyers might not be thrilled by stable rates, it's not the worst news. Buyers in a calmer rate environment don't need to worry that how much house they can afford will be a moving target.