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

Homebuyers and owners looking to refinance should start by familiarizing themselves with the current mortgage interest rate climate. Wesley Hitt/ A rise in the latest inflation report , released on Tuesday, was not the news millions of borrowers were hoping for, particularly homebuyers and owners looking to refinance their loans. Higher inflation is likely to keep today's elevated interest rates on hold, and if it rises further, could even encourage an interest rate hike from the Federal Reserve. That will impact rates on everything from credit cards to personal loans and mortgage and mortgage refinance loans. And rates on the latter two are already higher than they were just a few weeks ago, when they briefly fell under 6% . At the same time, mortgage interest rates this May are still more competitive than they were in May 2025 and even lower than they were in May 2024 , so borrowers who have been waiting for a time to act may still find now an appropriate time to do so. To better understand the value of a purchase or refinance loan currently, it helps to first know where mortgage interest rates stand as of May 13, 2026. That's what we'll outline below. 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 6.37% as of May 13, 2026, according to Zillow . The average rate on a 15-year term is 5.75%. …