Mortgage rates are up today, but still under 7%. Today’s national average on a 30-year fixed-rate mortgage is 6.94%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 6.

Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.

The average rate on the 30-year fixed mortgage rose this week to 6.86%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.

Today’s 30-year mortgage rate rose to 7.14%, with 15-year and 5-year ARM rates also climbing. See current trends and tips to save.

The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, which it set in mid-January. The average rate’s low point so far was five weeks ago, when it briefly dropped to 6.62%. It’s now at its highest level since Feb. 13, when it averaged 6.87%.

After rising to a 2025 high in early April, 30-year mortgage rates have been yo-yoing in lower territory. Rates climbed Monday, along with averages for many other loan types.

Rates on 30-year mortgages inched up to 6.86% from 6.81% last week, while rates on 15-year fixed-rate mortgages rose to 6.01% from 5.92%.