FX.co ★ US Mortgage Rates Fall for 2nd Week: MBA

The average interest rate for 30-year fixed-rate mortgages with conforming loan balances of $806,500 or less in the United States fell to 6.84% for the week ending May 2, 2025. This rate, reported by the Mortgage Bankers Association, marks a decrease from the previous week's 6.89%. This is the second week in a row that borrowing costs have declined, and they remain below the 7.18% rate observed in the same period last year.