What are today's mortgage interest rates: April 29, 2026?
Summary
Mortgage interest rates in the U.S. remain steady as the Federal Reserve holds the federal funds rate unchanged in April 2026. The average rate for a 30-year mortgage is 6.25%, while the rate for a 15-year mortgage is 5.62%, with mortgage refinance rates slightly higher.Key Facts
- The Federal Reserve kept the federal funds rate steady in April 2026.
- The average interest rate for a 30-year mortgage is 6.25%.
- The average interest rate for a 15-year mortgage is 5.62%.
- The average refinance rate for a 30-year mortgage is 6.58%.
- The median refinance rate for a 15-year mortgage is 5.78%.
- Mortgage rates briefly improved in April but increased slightly after March.
- Mortgage rates can change daily depending on market reactions to the Fed’s actions.
- Refinancing may be worthwhile if the new rate is at least 0.5 to 1 percentage point lower but consider closing costs.
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