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Mortgage Rates Rise Amid U.S.-China Tariff Changes

5/17/2025

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Summary

Story summary

Mortgage rates increased this week, influenced by a temporary tariff reduction between the U.S. and China.
The average rate stands at 6.80% for 30-year mortgages and 6.10% for 15-year mortgages.
The Federal Reserve remains cautious about rate cuts, focusing on inflation and economic growth.
Refinancing may not be beneficial unless substantial savings are possible.
It's advisable to compare mortgage rates to secure the best offer.

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Story summary

Mortgage rates increased this week, influenced by a temporary tariff reduction between the U.S. and China.
The average rate stands at 6.80% for 30-year mortgages and 6.10% for 15-year mortgages.
The Federal Reserve remains cautious about rate cuts, focusing on inflation and economic growth.
Refinancing may not be beneficial unless substantial savings are possible.
It's advisable to compare mortgage rates to secure the best offer.