CNBC Select’s weekly mortgage rate snapshot: See your options today

Average mortgage rates remained relatively steady this week, after jumping to their highest levels since September 2025 the week prior. The U.S. 30-year fixed mortgage rate averaged 6.53% during the week ending on May 28, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS). That's a 0.02-point increase from the week prior, after a 0.15-point jump the week before that. The 15-year fixed mortgage rate averaged 5.87%, 0.02 points higher than the week before. "Pending home sales have increased three months in a row, indicating there's latent demand and homebuyers are ready to jump back into the market if mortgage rates decline," Freddie Mac's Chief Economist Sam Khater wrote in a press release. Mortgage rates have been yo-yoing since the start of the Iran war in late February. They spiked in March, then fell for several weeks and have trended upward for the past month. While they're higher than what experts predicted at the beginning of the year, they're still down significantly year over year: The 30-year fixed-rate averaged 6.89% and the 15-year fixed-rate averaged 6.03%, per the PMMS. Most homebuyers who take out mortgages have a 30-year fixed-rate or 15-year fixed-rate term. The mortgage rate will affect how much a homeowner pays monthly and how much they pay over the life of the loan. …