FX.co ★ 30-Year Mortgage Rate Up to Near 4-Month High

As of May 29, 2025, the average rate on a 30-year fixed mortgage backed by Freddie Mac increased by 3 basis points from the previous week, reaching 6.89%. This marks the highest rate seen in nearly four months. Sam Khater, Chief Economist at Freddie Mac, emphasized the importance for prospective buyers to explore different options to secure the best mortgage rate. By obtaining multiple quotes, they can potentially save thousands of dollars.