What are today's mortgage interest rates: May 5, 2026?
Summary
Mortgage interest rates have changed frequently in recent weeks, influencing people buying homes or refinancing loans. As of May 5, 2026, average rates for 30-year loans are about 6.37%, and 15-year loans are about 5.87%, with refinancing rates slightly different. These rates are higher than some recent months but similar to past averages and better than rates in 2024 and 2025.Key Facts
- The average 30-year mortgage rate on May 5, 2026, is 6.37%.
- The average 15-year mortgage rate on the same date is 5.87%.
- Refinancing 30-year mortgages have an average rate of 6.66%.
- Refinancing 15-year loans average 5.62%.
- Mortgage rates have moved up and down recently due to global events and Federal Reserve decisions.
- The Federal Reserve has paused raising rates three times in 2026 so far.
- Rates might still drop, influenced by many factors besides the Federal Reserve’s actions.
- Borrowers should watch rates carefully and keep improving their credit scores to get better deals when rates improve.
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