Mortgage rates rise amid market uncertainty

Mortgage rates moved up this week, with the 30-year fixed rate averaging 6.78 percent, compared to 6.72 percent the previous week, according to Bankrate’s latest lender survey.

Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.

The national median family income for 2025 is $104,200, according to the U.S. Department of Housing and Urban Development,

and the median price of an existing home sold in May 2025 was $422,800, according to the National Association of Realtors.

“A Fed on hold aligns with our forecast for little change in mortgage rates for the time being,” says Mike Fratantoni, chief economist at the Mortgage Bankers Association.

The Bankrate.com national survey of large lenders is conducted weekly.

To conduct the National Average survey, Bankrate obtains rate information from the 10 largest banks and thrifts in 10 large U.S. markets.

Our rates differ from other national surveys, in particular Freddie Mac’s weekly published rates.