What are today's mortgage interest rates: May 20, 2026?

Mortgage interest rates have noticeably changed for borrowers in recent months. Michael Warren/ Borrowers looking to secure an affordable mortgage interest rate haven't had much luck lately. After purchase rates fell below 6% in 2025 and after briefly falling back to that range in April (following a surge in March), rates here are again ticking upward. And while they may still fit the budget of select homebuyers and owners looking to refinance, the urgency surrounding a mortgage interest rate lock is growing. By locking in one of today's rates, borrowers can protect themselves from any increases still to come. And, if rates decline before closing, many lenders will allow borrowers to float their locked rate down to the new, lower one. To better understand the value of a mortgage rate lock right now, borrowers should start shopping around to see what rates are actually available. By getting offers from at least three different lenders, they can then establish a baseline to compare against. The first part of this process, however, begins with knowing where mortgage interest rates stand now, as of May 20, 2026. See what mortgage rate offers you're eligible for here . What are today's mortgage interest rates? The average mortgage rate on a 30-year term is 6.62% as of May 20, 2026, according to Zillow . The median rate for a 15-year term is now 6.12%. …