What are today's mortgage interest rates: May 18, 2026?
Summary
Mortgage interest rates have gone up since early spring 2026 due to factors like rising oil prices and inflation caused by overseas conflicts. As of May 18, 2026, the average rate for a 30-year mortgage is 6.49%, and for a 15-year mortgage, it is 6%, both higher than rates in March but still lower than rates seen in 2023.Key Facts
- The average 30-year mortgage rate is 6.49% as of May 18, 2026.
- The average 15-year mortgage rate is 6.00% as of the same date.
- Rates have increased by about half a percentage point since early March 2026.
- Rising oil prices and inflation influenced by overseas conflicts have contributed to higher rates.
- The Federal Reserve has kept its main interest rate steady after cutting it in December 2025.
- Refinancing rates are higher too: 6.79% for 30-year and 5.91% for 15-year refinances.
- Borrowers with good credit might find better rates by shopping around online.
- Closing costs for refinancing can reduce potential savings from lower rates or shorter loan terms.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
