What are today's mortgage interest rates: May 27, 2026?

Today's mortgage interest rates have declined compared to where they were in recent days. Kirpal Kooner/ Despite cautious optimism that mortgage interest rates would drop in May, many borrowers saw the opposite occur. An April inflation report showing the rate surging to its highest level in three years didn't help. Combined with concerns about overseas conflicts, a rising oil price and a late-April Federal Reserve meeting that hinted at higher rates for longer, homebuyers and owners looking to refinance had few affordable options to choose from. But with the start of a new month just days away and a new inflation report expected for June 10, another Federal Reserve meeting later in the month (and a new Federal Reserve chairman), rates here could easily change again. And if there's a resolution to the war in Iran, the consequences could trickle down to the mortgage interest rate environment, too. That all noted, mortgage interest rates have already started to gradually improve over the past week, and they could now be low enough for some borrowers. To better determine their next steps, borrowers should know where mortgage rates stand now, as of May 27, 2026. Below, we'll break down everything that they need to know. 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 6.49% as of May 27, 2026, according to Zillow . The average rate on a 15-year term is 5.87%. …