What are today's mortgage interest rates: May 11, 2026?

Borrowers looking to buy a home or refinance an existing one should start by reviewing today's mortgage interest rates. /iStockphoto Mortgage interest rates are constantly evolving , even when there's no Federal Reserve meeting scheduled for the month to impact their movement. That's the reality that borrowers are facing this May , as other drivers will rise in prominence, including an inflation reading set to be released on Tuesday. Considering that the last report showed a surge in the rate, any reduction will be welcome. And, if it shows a significant decline, mortgage interest rates could drop as well as lenders don't need to wait for a Fed rate cut to reduce the rates they offer to borrowers. At the same time, mortgage interest rates have improved compared to what many borrowers were being offered at this time in May 2025. And they're better than what they were in May 2024, too. With some time spent shopping around online , borrowers can still potentially secure a rate that's around half a percentage point below average. To better determine which lenders are offering value now, however, it helps to know where mortgage rates actually stand as of May 11, 2026. Below, we'll detail everything that borrowers need to know before getting started. See how low your current mortgage rate offers are here . What are today's mortgage interest rates? The average mortgage interest rate on a 30-year mortgage is 6.25% as of May 11, 2026, according to Zillow . …