What are today's mortgage interest rates: May 1, 2026?
As of May 1, 2026, average mortgage interest rates stand at 6.37% for a 30-year fixed loan and 5.75% for a 15-year fixed loan, according to Zillow. Refinance rates are slightly higher, with the 30-year average at 6.51% and the 15-year at 5.63%, making refinancing beneficial for only a limited number of homeowners. Market volatility in April and the absence of a Federal Reserve meeting in May contribute to uncertainty, prompting some borrowers to consider locking in current rates despite their imperfections.
- ▪The average 30-year mortgage rate is 6.37% as of May 1, 2026, according to Zillow.
- ▪The average 15-year mortgage rate is 5.75% as of May 1, 2026.
- ▪Refinance rates are 6.51% for a 30-year term and 5.63% for a 15-year term.
- ▪Mortgage rates were volatile in April 2026, influenced by the Federal Reserve's decision to hold interest rates steady.
- ▪Economic indicators like inflation and unemployment reports in May could influence future mortgage rate movements.
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MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 1, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
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