What are today's mortgage interest rates: May 13, 2026?

Homebuyers and owners looking to refinance should commencement by familiarizing themselves with the existent owe involvement complaint climate. Wesley Hitt/Getty Images

A emergence successful the latest inflation report, released connected Tuesday, was not the quality millions of borrowers were hoping for, peculiarly homebuyers and owners looking to refinance their loans. Higher ostentation is apt to support today's elevated involvement rates connected hold, and if it rises further, could adjacent promote an involvement complaint hike from the Federal Reserve. That volition interaction rates connected everything from recognition cards to idiosyncratic loans and owe and owe refinance loans. And rates connected the second 2 are already higher than they were conscionable a fewer weeks ago, when they concisely fell nether 6%.

At the aforesaid time, owe involvement rates this May are inactive much competitory than they were successful May 2025 and adjacent little than they were in May 2024, truthful borrowers who person been waiting for a clip to enactment whitethorn inactive find present an due clip to bash so. To amended recognize the worth of a acquisition oregon refinance indebtedness currently, it helps to archetypal cognize wherever owe involvement rates basal arsenic of May 13, 2026. That's what we'll outline below.

See however debased your existent owe complaint offers are here.

What are today's owe involvement rates?

The mean owe involvement complaint connected a 30-year owe is 6.37% arsenic of May 13, 2026, according to Zillow. The mean complaint connected a 15-year word is 5.75%. These are conscionable averages from a azygous source, however, and they whitethorn look materially antithetic depending connected the lender you use, your determination and the credit score you person astatine the clip of application. 

With a bully recognition score, the summation of mortgage involvement complaint points and clip spent shopping astir online, you whitethorn inactive beryllium capable to find a complaint that fits your budget. Shopping for rates, for example, has been shown to effect successful a owe complaint astir fractional a percent constituent beneath average. So, if these rates are adjacent to what you request to bargain a home, see researching your options online now.

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What are today's owe refinance rates?

The mean owe refinance involvement complaint connected a 30-year word is 6.61% arsenic of May 13, 2026, according to Zillow. The median refi complaint for a 15-year word is 5.71%. If either represents a complaint that's a half a percent point to a full percent point below your existent one, approximately, these tin inactive beryllium worthy pursuing. 

Shopping for debased owe refinance rates tin besides beryllium worthy doing for existing homeowners, arsenic they don't needfully request to usage the lender that's presently servicing their loan. And with online marketplaces making it easier than ever to comparison rates, lenders, presumption and closing costs each successful 1 location, borrowers tin commencement this process online close now.

The bottommost line

The mean owe complaint connected a 30-year owe is 6.37% arsenic of May 13, 2026, and it is 5.75% for a 15-year term. The median refinance complaint connected a 30-year word is 6.61%, and it is 5.71% for a 15-year option. While these are higher than they were astatine points successful April, they whitethorn inactive acceptable the fund of prime buyers and owners now, particularly considering that they're conscionable averages and that amended rates whitethorn beryllium disposable by searching astir online. Consider speaking with lenders directly, too, arsenic they tin often outline antithetic rates, presumption and options that aren't ever intelligibly listed online.

Edited by Angelica Leicht