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Glen Luke Flanagan

Charleston, Charlotte

Deputy Editor at Fortune Recommends at Fortune

Deputy Editor at USA Today

Writer, foodie and comic book nerd. Views my own, retweets aren’t endorsements.

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Articles

  • Current ARM mortgage rates report for May 30, 2025

    1 week ago | fortune.com | Glen Luke Flanagan

    The current average rate on 5-year adjustable-rate mortgages is 7.77%, according to data from the popular real estate marketplace Zillow. If you’re considering an ARM to buy a home, whether to call your own or as an investment property, read on—we’ll take a look at average rates for a couple ARM types, show you how ARMs work, and explain when such a loan might be worth considering even though fixed-rate mortgages are by far the more popular option.

  • Current mortgage rates report for May 30, 2025: Rates remain stubbornly high

    1 week ago | fortune.com | Glen Luke Flanagan

    The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.874%, according to data available from mortgage data company Optimal Blue. That’s down approximately 1 basis point from the prior day’s report, and down about 6 basis points from a week ago. Read on to compare average rates for a variety of conventional and government-backed mortgage types and see whether rates have increased or decreased.

  • Current refi mortgage rates report for May 30, 2025

    1 week ago | fortune.com | Glen Luke Flanagan

    The current average refinance rate on a 30-year, fixed-rate home loan is 7.05%, according to data from the popular real estate marketplace Zillow. If you’re a homeowner hoping to refinance your mortgage for a lower rate or perhaps to tap home equity, read on to see average refi interest rates for a variety of loan types and terms. You can also see the prior day’s report here.

  • Current mortgage rates report for May 29, 2025: Elevated rates still holding steady

    1 week ago | fortune.com | Glen Luke Flanagan

    The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.882%, according to data available from mortgage data company Optimal Blue. That’s down approximately 4 basis points from the prior day’s report, and down roughly 1 basis point compared to a week ago. Read on to compare average rates for a variety of conventional and government-backed mortgage types and see whether rates have increased or decreased.

  • Current ARM mortgage rates report for May 29, 2025

    1 week ago | fortune.com | Glen Luke Flanagan

    The current average rate on 5-year adjustable-rate mortgages is 7.72%, according to data from the popular real estate marketplace Zillow. If you’re considering an ARM to buy a home, whether to call your own or as an investment property, read on—we’ll take a look at average rates for a couple ARM types, show you how ARMs work, and explain when such a loan might be worth considering even though fixed-rate mortgages are by far the more popular option.

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