Mortgage Rates In May 2025

Mortgage Rates In May 2025. In may, the monthly principal and interest payment on a $750,000 home purchase was $4,073 (assuming a 20 percent downpayment). The forecast was last updated in november.

This is significantly higher than earlier. The federal reserve cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate hikes in roughly a decade.