What are today's mortgage interest rates: May 20, 2026?
Mortgage interest rates have increased as of May 20, 2026, with the average rate for a 30-year mortgage at 6.62%. Borrowers are encouraged to lock in rates to protect against further increases. Despite the higher rates, shopping around may yield better options for potential homebuyers and those looking to refinance.
- ▪The average mortgage rate on a 30-year term is 6.62% as of May 20, 2026.
- ▪The median refinance rate on a 30-year mortgage is now 7.05%.
- ▪Both purchase and refinance rates have risen significantly compared to earlier in 2026.
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MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 20, 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. Read Full Bio Matt Richardson May 20, 2026 / 9:59 AM EDT / CBS News Add CBS News on Google Mortgage interest rates have noticeably changed for borrowers in recent months.
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