What are today's mortgage interest rates: May 13, 2026?
Summary
Mortgage interest rates for May 13, 2026, remain higher than in April but are lower compared to the previous two years. The average rate for a 30-year mortgage is 6.37%, and for a 15-year mortgage, it is 5.75%. Refinancing rates are slightly higher but may still be worthwhile for some borrowers.Key Facts
- The average mortgage rate for a 30-year loan is 6.37% as of May 13, 2026.
- The average rate for a 15-year mortgage is 5.75% on the same date.
- The average refinance rate for a 30-year term is 6.61%.
- The median refinance rate for a 15-year term is 5.71%.
- Inflation has risen recently, which could keep interest rates high or cause them to increase further.
- Mortgage rates are still more competitive than in May 2025 and May 2024.
- Shopping around and having a good credit score can help borrowers find better mortgage rates below the average.
- Online marketplaces can help compare rates, lenders, and costs to find better deals for homebuyers and those refinancing their loans.
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