Mortgage Rates Rise Ahead of Fed Decision

This is a news story, published by Yahoo Finance, that relates primarily to Fed news.

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future mortgage rates

Yahoo Finance

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Business

Business & Economics

Mortgage and refinance interest rates today, May 6, 2025: Rates inch up before Fed meeting

Summary

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85% Informative

Most mortgage rates have increased today .

The 30-year fixed mortgage rate has risen by five basis points to 6.75% , and the 15-year mortgage interest rate is up four basis points.

Rates are probably inching up as economists await the Federal Reserve's announcement about cutting the federal funds rate tomorrow .

The Fed decreased its rate again at its November and December meetings (by 25bps each time) The trajectory of future mortgage rates will largely depend on the Federal Reserve’s decision on whether or not to cut the federal funds rate at its 2025 meetings.

According to the CME FedWatch tool, there's about an 96% chance that the rate will also remain unchanged at the Fed 's meeting tomorrow .

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informal

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English

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