economy
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.
TL;DR
- Mortgage rates have been volatile in 2026, with recent increases observed.
- As of May 20, 2026, the average 30-year mortgage purchase rate is 6.62%, and the 15-year rate is 6.12%.
- Average refinance rates are 7.05% for 30-year and 6.08% for 15-year terms.
- Locking in a rate is becoming urgent due to potential further increases.
- Borrowers are encouraged to shop around with at least three lenders to find rates below the average.
- The Federal Reserve's low likelihood of rate cuts contributes to the expectation of higher mortgage rates.