What are today's mortgage interest rates: May 11, 2026?
Summary
Mortgage interest rates on May 11, 2026, are around 6.25% for 30-year loans and 5.75% for 15-year loans, slightly lower than in recent weeks but still higher than rates in April. Refinancing rates are 6.57% for 30-year loans and 5.59% for 15-year loans, with experts advising borrowers to compare options and consider associated costs before deciding.Key Facts
- The average 30-year mortgage interest rate is 6.25% as of May 11, 2026.
- The average 15-year mortgage interest rate is 5.75%.
- Refinancing rates average 6.57% for 30-year loans and 5.59% for 15-year loans.
- Mortgage rates have decreased slightly from rates seen earlier in May 2026 but are still higher than in April 2026.
- Borrowers can sometimes get rates about 0.5% lower by paying mortgage points, which are fees paid upfront to reduce the interest rate.
- Experts suggest refinancing is usually worthwhile if the new rate is at least 1% lower than the current one, but 0.5% lower can also be beneficial depending on savings.
- Closing costs for refinancing can reduce the financial benefits, so it is important to factor them in.
- Rates are influenced by factors like inflation reports and can change even without Federal Reserve meetings.
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