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What are today's mortgage interest rates: April 16, 2026?
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TL;DR
- Mortgage rates increased from an average of 5.75% for 30-year terms in early March to 6.12% as of April 16, 2026.
- Refinance rates on April 16, 2026, are 6.61% for 30-year terms and 5.72% for 15-year terms.
- Economic uncertainty and geopolitical tensions have driven rate increases.
- A Federal Reserve meeting later in April could cause rates to rise again.
- Borrowers are encouraged to shop around online and directly with lenders for the best rates and terms.
- Paying mortgage points may help secure a lower rate for both buyers and refinancers.
- Acting promptly is advised as rates could increase unexpectedly.