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Mortgage Interest Rates Forecast
Senior Writer/Spokesperson | Mortgages, homebuying
Assistant Assigning Editor | Mortgage lenders, homebuying, home equity
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Mortgage rates this week
Mortgage rates went up in the week ending May 2 as markets continue to come to grips with the persistence of inflation.
The 30-year fixed-rate mortgage averaged 7.32% APR, up nine 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 6.55% APR, up eight basis points from the previous week's average.
The 5-year adjustable-rate mortgage averaged 8.13% APR, up 29 basis points from the previous week's average.
Mortgage loans from our partners
on New American Funding
New American Funding
4.5
NerdWallet rating4.5
NerdWallet ratingon New American Funding
on NBKC
NBKC
4.5
NerdWallet rating4.5
NerdWallet ratingon NBKC
on Rocket Mortgage
Rocket Mortgage
5.0
NerdWallet rating5.0
NerdWallet ratingon Rocket Mortgage
on Veterans United
Veterans United
4.5
NerdWallet rating4.5
NerdWallet ratingon Veterans United
on Better
Better
4.5
NerdWallet rating4.5
NerdWallet ratingon Better
on NBKC
NBKC
5.0
NerdWallet rating5.0
NerdWallet ratingon NBKC
on Guaranteed Rate
Guaranteed Rate
5.0
NerdWallet rating5.0
NerdWallet ratingon Guaranteed Rate
on Rocket Mortgage
Rocket Mortgage
5.0
NerdWallet rating5.0
NerdWallet ratingon Rocket Mortgage
on New American Funding
New American Funding
4.5
NerdWallet rating4.5
NerdWallet ratingon New American Funding
on Veterans United
Veterans United
4.5
NerdWallet rating4.5
NerdWallet ratingon Veterans United
on Rocket Mortgage
Rocket Mortgage
5.0
NerdWallet rating5.0
NerdWallet ratingon Rocket Mortgage
on NBKC
NBKC
5.0
NerdWallet rating5.0
NerdWallet ratingon NBKC
on Guaranteed Rate
Guaranteed Rate
5.0
NerdWallet rating5.0
NerdWallet ratingon Guaranteed Rate
on New American Funding
New American Funding
4.5
NerdWallet rating4.5
NerdWallet ratingon New American Funding
on First Federal Bank
First Federal Bank
4.0
NerdWallet rating4.0
NerdWallet ratingN/A
on First Federal Bank
on New American Funding
New American Funding
4.0
NerdWallet rating4.0
NerdWallet ratingon New American Funding
on Figure
Figure
4.5
NerdWallet rating4.5
NerdWallet ratingN/A
on Figure
on Spring EQ
Spring EQ
4.0
NerdWallet rating4.0
NerdWallet ratingon Spring EQ
on Bethpage Federal Credit Union
Bethpage Federal Credit Union
5.0
NerdWallet rating5.0
NerdWallet ratingN/A
on Bethpage Federal Credit Union
on Better
Better
3.5
NerdWallet rating3.5
NerdWallet ratingN/A
on Better
on New American Funding
New American Funding
4.0
NerdWallet rating4.0
NerdWallet ratingon New American Funding
on Spring EQ
Spring EQ
4.5
NerdWallet rating4.5
NerdWallet ratingon Spring EQ
on Rocket Mortgage
Rocket Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingN/A
on Rocket Mortgage
on Figure
Figure
4.5
NerdWallet rating4.5
NerdWallet ratingN/A
on Figure
on Bethpage Federal Credit Union
Bethpage Federal Credit Union
5.0
NerdWallet rating5.0
NerdWallet ratingN/A
on Bethpage Federal Credit Union
Mortgage loans from our partners
on New American Funding
New American Funding
4.5
NerdWallet rating4.5
NerdWallet ratingon New American Funding
on NBKC
NBKC
4.5
NerdWallet rating4.5
NerdWallet ratingon NBKC
on Rocket Mortgage
Rocket Mortgage
5.0
NerdWallet rating5.0
NerdWallet ratingon Rocket Mortgage
on NBKC
NBKC
5.0
NerdWallet rating5.0
NerdWallet ratingon NBKC
on Guaranteed Rate
Guaranteed Rate
5.0
NerdWallet rating5.0
NerdWallet ratingon Guaranteed Rate
on Rocket Mortgage
Rocket Mortgage
5.0
NerdWallet rating5.0
NerdWallet ratingon Rocket Mortgage
on Rocket Mortgage
Rocket Mortgage
5.0
NerdWallet rating5.0
NerdWallet ratingon Rocket Mortgage
on NBKC
NBKC
5.0
NerdWallet rating5.0
NerdWallet ratingon NBKC
on Guaranteed Rate
Guaranteed Rate
5.0
NerdWallet rating5.0
NerdWallet ratingon Guaranteed Rate
on New American Funding
New American Funding
4.0
NerdWallet rating4.0
NerdWallet ratingon New American Funding
on Figure
Figure
4.5
NerdWallet rating4.5
NerdWallet ratingN/A
on Figure
on Spring EQ
Spring EQ
4.0
NerdWallet rating4.0
NerdWallet ratingon Spring EQ
on New American Funding
New American Funding
4.0
NerdWallet rating4.0
NerdWallet ratingon New American Funding
on Spring EQ
Spring EQ
4.5
NerdWallet rating4.5
NerdWallet ratingon Spring EQ
on Rocket Mortgage
Rocket Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingN/A
on Rocket Mortgage
The Federal Reserve kept short-term interest rates unchanged on May 1. The central bank noted that the inflation rate has stopped dropping in recent months after falling through much of 2023. The Fed is unlikely to cut rates before autumn, which means that mortgage rates could remain stubbornly high, too.
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