Mortgage interest rates today: Check current mortgage rates on May 25, Memorial Day, what to expect this week

Mortgage interest rates today are out after a volatile week. Current mortgage rates for the 30 years stand at 6.34 per cent on May 25. Mortgage rates for 15 years stand at 5.90 per cent. Mortgage rates for 5/1 ARM stood at 6.29 per cent.

Now the question is will mortgage interest rates go up or slow down this?

Over recent days and weeks, U.S. Treasury investors have focused on the elusiveness of a deal and long-term consequences of the war, lifting yields well above 4.5 per cent on the benchmark 10-year note. Meanwhile, Federal Reserve officials looking to squash inflation have ​been discussing the possibility of raising interest rates instead of cutting them as Trump has urged. And some Republicans in Congress are growing concerned ⁠at some ‌of Trump's calls for spending ahead of the midterm elections which will decide whether they maintain thin control of the House and Senate.


Rising Treasury yields feed directly into borrowing ​costs across the economy, including mortgages, ​credit cards and business loans, and can cause financial stability issues. Bond investors said the administration would have to pay attention.

President ​Donald Trump's resolve on Iran is being tested by a force largely beyond his control: the bond market. As yields rose rapidly over the last week, a ​White House official said there was significant anxiety among staff over gasoline prices and where the bond market is headed, with fuel prices the biggest source of anxiety right now. Higher yields mean elevated borrowing costs for businesses and consumers while rising oil prices push up inflation expectations. That mixture can cause headaches for the administration as it prepares for midterm elections in November.

"The markets are showing him pain, and he has to figure out how to unwind that — and it's not that easy," said Greg Faranello, ‌head of U.S. rates strategy ⁠at AmeriVet Securities ⁠in New York. "We're already at levels that ultimately will spill over into mortgage rates and it's going to spill over into the housing market." Trump said on Saturday that Washington and Iran have been making progress on a peace deal in the three-month-old war, although on Sunday he ​emphasized there was no rush for a deal, dampening hopes of an imminent breakthrough.