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What are today's mortgage interest rates: May 11, 2026?
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TL;DR
- Mortgage interest rates are changing in May 2026, driven by factors like inflation readings.
- Average mortgage rates on May 11, 2026, are 6.25% for a 30-year term and 5.75% for a 15-year term.
- Refinance rates are 6.57% for a 30-year and 5.59% for a 15-year mortgage.
- Rates are lower than in May 2025 and May 2024.
- Borrowers can potentially get rates half a percentage point below average by shopping around and considering mortgage points, which may involve fees.
- A refinance is generally considered valuable if the new rate is a full percentage point lower than the current one, though a half-percentage-point drop can also be beneficial depending on cost savings.