Mortgage rates had been trending downward for much of 2025, but that’s changed in the past week as markets digest the impacts of a global trade war and investors speculate that the Federal Reserve could lose its independence.

At HousingWire’s Mortgage Rates Center on Tuesday, 30-year conforming rates averaged 6.98% — up 20 basis points (bps) from one week ago and the highest rate since the end of February. And 15-year conforming rates have shot up 38 bps in the past week to reach 6.88%.

Rates had reached a 2025 low point on April 11, when 15-year and details ⇒

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