Images by PM Images/Getty Images. Illustrations by Hunter Newton/Bankrate
Mortgage fees averaged 6.94% this week, compared to an average 30-year fixed interest rate of 6.94%, according to Bankrate’s latest lender survey.
Current mortgage fees
| Loan type | the current | 4 weeks ago | 1 year ago | 52-week average | 52 weeks low |
|---|---|---|---|---|---|
| 30 years | 6.94% | 6.81% | 7.17% | 6.83% | 6.20% |
| 15 years | 6.11% | 5.94% | 6.56% | 6.07% | 5.40% |
| 30 Years of Jumbo | 6.89% | 6.77% | 7.23% | 6.87% | 6.36% |
This week’s survey 30-year fixed mortgage earned an average total of 0.35 discounts and origination points. Discount points are a way to lower your mortgage rate, while origination points are the fees that lenders charge to create, review and process the loan.
Monthly mortgage payments at today’s fee
According to the U.S. Department of Housing and Urban Development, family income nationwide was $104,200 in 2025, and the median price of existing homes sold in April 2025 was $414,000, according to the National Association of Realtors. Based on a 20% down payment and a 6.94% mortgage rate, monthly payments amount to $2,190, which is 25% of a typical family’s monthly income.
What will happen to the mortgage fees in 2025?
Mortgage fees did not meet last year’s three consecutive Federal Reserve cuts. This reminds us that, especially for 10-year financial obligations, mortgage rates are not set directly by the Fed, but directly by the investor’s desires. If there is uncertainty in the market, investors will purchase financial liabilities.
President Donald Trump’s tariff policies have temporarily driven the seizure of market fluctuations, including the Treasury yields in 2010, to less than 4%. As of Wednesday afternoon, they were 4.48%.
“Home buyers hope that prices will go down further, but they’re more likely to remain in the 6% range this spring,” says Lisa Sturtevant, chief economist at Bright MLS, a listing service in the Mid-Atlantic region.
Another factor is inflation, which remains sustainably higher than the Fed’s 2% target. The Labor Bureau reported that inflation had fallen to 2.3% in April. This is a move to alleviate some of the pressure on mortgage rates.
Even with market volatility, housing economists say mortgage rates are likely to move slowly rather than dramatically. “We expect the Fed to remain cautious once inflation is eased,” says Samir Dedhia, CEO of one Real Mortgage. “Currently, the market has fewer rate cuts in 2025, meaning that mortgage rates are likely to remain in the 6.5% to 7% range for now.”