What are today's mortgage interest rates: April 28, 2026?
Summary
Mortgage interest rates have fallen in April 2026 after rising in March. The average rate for a 30-year mortgage is now about 6.12%, and for a 15-year mortgage, it is about 5.62%. Borrowers are encouraged to compare rates from different lenders to find the best deals.Key Facts
- In early March 2026, the average 30-year mortgage rate was around 5.75%.
- By the end of March, the 30-year rate rose to 6.37%, influenced by global tensions.
- In April, rates decreased, with the 30-year average dropping to approximately 6.12%.
- The average refinance rate for a 30-year mortgage is about 6.45% as of April 28, 2026.
- The median refinance rate for a 15-year mortgage is around 5.60%.
- Shorter mortgage terms, like 15 or 20 years, may have lower rates but higher monthly payments.
- Online tools and marketplaces can help borrowers compare rates, terms, and costs from multiple lenders.
- Shopping around with at least three lenders is recommended to find the best mortgage rate.
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