The average interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $806,500) in the United States increased slightly to 6.86% for the week ending May 9, 2025, according to the Mortgage Bankers Association. This is a small rise from the previous week's rate of 6.84%, and it is lower than the rate of 7.08% recorded in the same week last year.