What are today's mortgage interest rates: May 14, 2026?
Summary
Mortgage interest rates as of May 14, 2026, are averaging 6.37% for a 30-year loan and 5.87% for 15 years. Rates may change before the next Federal Reserve meeting in June due to recent increases in inflation.Key Facts
- Average 30-year mortgage rate is 6.37% as of May 14, 2026.
- Average 15-year mortgage rate is 5.87% as of the same date.
- Average refinance rate for a 30-year loan is 6.73%.
- Average refinance rate for a 15-year loan is 5.81%.
- Rates rose recently after inflation reports showed increases.
- Mortgage rates remain lower than the peak above 7% in 2023.
- Borrowers can lock in current rates to protect against potential rises.
- Refinancing options like 20-year mortgages might offer balance between lower rates and manageable payments.
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