Mortgage Interest Rates Forecast

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Updated · 1 min read
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Written by Kate Wood
Lead Writer/Spokesperson
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Edited by Johanna Arnone
Managing Editor

Mortgage rates this week

After two weeks' worth of solid increases, mortgage rates for fixed-rate loans rose just a little the week ending April 24. Rates were higher, but the week-over-week bump was substantially smaller.

  • The 30-year fixed-rate mortgage averaged 7% APR, up three basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.

  • The 15-year fixed-rate mortgage averaged 6.18% APR, up three basis points from the previous week's average.

  • The 5-year adjustable-rate mortgage averaged 7.27% APR, up six basis points from the previous week's average.

This week's movement may seem like a bigger jump than it was because average interest rates on 30-year, fixed-rate loans have crept back up to 7%. Seeing that whole number may give buyers pause. But we're only about half a percentage point above the lowest mortgage interest rates we've seen so far this year. Despite day-to-day and week-to-week volatility, overall in 2025 mortgage interest rates haven't strayed from a range of about 6.5% to 7%.

While buyers might not be thrilled by stable rates, it's not the worst news. Buyers in a calmer rate environment don't need to worry that how much house they can afford will be a moving target.

Mortgage loans from our partners

NBKC - PURCHASE logo
Check Rate

on NBKC

NBKC

4.5

NerdWallet rating 
NBKC - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

Check Rate

on NBKC

New American Funding - PURCHASE logo
Check Rate

on New American Funding

New American Funding

4.5

NerdWallet rating 
New American Funding - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
500

Min. down payment 
3.5%

Check Rate

on New American Funding

GO Mortgage - PURCHASE logo
Check Rate

on GO Mortgage

GO Mortgage

4.0

NerdWallet rating 
GO Mortgage - PURCHASE logo

4.0

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

Check Rate

on GO Mortgage

Mortgage loans from our partners

NBKC - PURCHASE logo
Check Rate

on NBKC

NBKC

4.5

NerdWallet rating 
NBKC - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

Check Rate

on NBKC

New American Funding - PURCHASE logo
Check Rate

on New American Funding

New American Funding

4.5

NerdWallet rating 
New American Funding - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
500

Min. down payment 
3.5%

Check Rate

on New American Funding

GO Mortgage - PURCHASE logo
Check Rate

on GO Mortgage

GO Mortgage

4.0

NerdWallet rating 
GO Mortgage - PURCHASE logo

4.0

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

Check Rate

on GO Mortgage

Rocket Mortgage - PURCHASE logo
Check Rate

on Rocket Mortgage

Rocket Mortgage

4.5

NerdWallet rating 
Rocket Mortgage - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
580

Min. down payment 
3.5%

Check Rate

on Rocket Mortgage

Veterans United - PURCHASE logo
Check Rate

on Veterans United

Veterans United

5.0

NerdWallet rating 
Veterans United - PURCHASE logo

5.0

NerdWallet rating 
Min. credit score 
620

Min. down payment 
0%

Check Rate

on Veterans United

April mortgage rate forecast

There is more uncertainty than usual when it comes to the mortgage rate outlook for April because it's hard to predict the ongoing effects of tariffs that the Trump administration has imposed.

New tariffs are expected to raise the inflation rate. Higher inflation, in turn, tends to push interest rates upward. But mortgage lenders expected increases in tariffs. By the end of March, mortgage rates reflected that expectation. As details about the economic impacts of tariffs come in, mortgage rates may respond.

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