What are today's mortgage interest rates: May 27, 2026?
Summary
Mortgage interest rates have recently declined from their high levels earlier in May 2026. As of May 27, the average rate for a 30-year mortgage is 6.49%, and for a 15-year mortgage, it is 5.87%, making it a better time for some borrowers to shop for loans and refinancing options.Key Facts
- The average interest rate for a 30-year mortgage is 6.49% as of May 27, 2026.
- The average interest rate for a 15-year mortgage is 5.87%.
- Mortgage rates have fallen from highs reached earlier in May; last week, 30-year rates were about 6.62%.
- Average refinance rates are 6.73% for 30-year terms and 5.83% for 15-year terms.
- Refinancing rates have also decreased compared to May 21 levels.
- Borrowers who shop around and compare lenders can often find rates about half a percentage point lower than the average.
- Closing costs and terms vary by lender and are important to consider when selecting a mortgage or refinance option.
- Economic factors like inflation reports, oil prices, Federal Reserve meetings, and geopolitical events (e.g., the war in Iran) can influence mortgage rates in the near future.
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