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What are today's mortgage interest rates: May 5, 2026?
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TL;DR
- Average 30-year mortgage rate on May 5, 2026, is 6.37%; 15-year rate is 5.87%.
- Mortgage rates have surged recently due to overseas conflicts and Federal Reserve actions.
- Refinancing rates for a 30-year term are 6.66%, and for a 15-year term are 5.62%.
- Borrowers should calculate actual savings, considering closing costs for refinancing.
- Despite current rates, opportunities for lower rates may arise, and monitoring the market and credit score is recommended.