What are today's mortgage interest rates: May 7, 2026?

Today's mortgage interest rates look different compared to what they were in recent years. Kirpal Kooner/Getty Images With the Federal Reserve choosing to keep interest rates on hold last week, its third such freeze in 2026, borrowers may understandably think that their window of opportunity to lock in a low interest rate may have closed. And that could be a realistic concern for homebuyers and owners looking to refinance, especially after rates here briefly dropped below 6% in mid-April. …