What are today's mortgage interest rates: May 14, 2026?

Mortgage involvement rates won't beryllium immune to caller developments successful the combat to little inflation. Getty Images/iStockphoto

With the adjacent Federal Reserve gathering not scheduled until June 16, homebuyers and owners looking to refinance whitethorn understandably beryllium nether the content that today's owe rates aren't apt to alteration anytime soon. That would beryllium a mistake worthy avoiding, though. In fact, not lone are owe involvement rates apt to alteration earlier then, but they're arsenic arsenic apt to summation aft consecutive inflation reports this week showed figures increasing, not declining. That tin pb to an summation successful owe involvement rates arsenic lenders respond to these changes, adjacent with a paused Federal funds rate.

That noted, owe involvement rates are inactive markedly improved from wherever they were successful caller years, particularly aft they surged past the 7% people successful 2023. Mortgage rates improved by astir a afloat percent point successful 2025 and, close now, they're inactive little than they were astatine akin points past outpouring and successful 2024. With aggregate ways to unafraid a below-average rate, borrowers whitethorn inactive find that today's rates acceptable their fund and assistance them conscionable their goals, adjacent if they're not ideal. To amended recognize the worth of a acquisition oregon refinance now, it helps to cognize wherever owe involvement rates basal precisely arsenic of May 14, 2026.

See what owe involvement complaint offers you suffice for here.

What are today's owe involvement rates?

The mean owe involvement complaint connected a 30-year word is 6.37% arsenic of May 14, 2026, according to Zillow. The mean complaint for a 15-year word is 5.87%. While these are averages pursuing this week's latest ostentation news, borrowers shouldn't presume that they volition stay astatine this level long-term. Mortgage rates are driven by a assortment of factors, which is wherefore they alteration daily. 

So, if these rates enactment for your fund and goals (or tin if you tack connected mortgage involvement points), they tin inactive beryllium worthy pursuing anyway. And a mortgage complaint lock volition assistance you unafraid today's complaint without having to interest astir immoderate further marketplace conditions that origin it to emergence further. And, if rates diminution earlier closing, you whitethorn inactive beryllium eligible to float it down to the new, little option.

Learn much astir your owe complaint fastener options now.

What are today's owe refinance rates?

The mean owe refinance complaint connected a 30-year word is 6.73% arsenic of May 14, 2026, according to Zillow. The median complaint for a 15-year word is 5.81%. If these rates correspond a savings betwixt half a percent point and a full percent point disconnected of your existent one, they whitethorn beryllium worthy pursuing close now. 

If you're contemplating the 15-year option, however, beryllium definite to recognize the imaginable outgo ramifications, arsenic a condensed payoff timeline whitethorn effect successful a larger monthly payment, adjacent with a complaint that's considerably beneath your existent one. And don't discount the refinancing benefits of a 20-year mortgage, which whitethorn connection a operation of a little complaint and an expedited word without condensing your payments excessively tightly astatine the aforesaid time.

The bottommost line

The mean owe involvement complaint connected a 30-year owe is 6.37% arsenic of May 14, 2026, and it is 5.87% for a 15-year alternative. The median complaint for a 30-year refinance is 6.73%, and it is 5.81% for a 15-year term. With these being averages cited from a azygous source, however, borrowers are inactive encouraged to store astir to find a complaint and word that tin acceptable their budget. And with the summation of owe points, they whitethorn inactive beryllium capable to execute that goal, adjacent if it comes with a higher upfront outgo than it would person successful a antithetic involvement complaint climate.

Edited by Angelica Leicht