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

Today's mortgage interest rates look different from those available to borrowers just a few weeks ago. /iStockphoto With a Federal Reserve meeting just days away and plenty of economic data to digest, borrowers may be hopeful that another interest rate cut will be announced this week. A rate cut, after all, will reduce costs for millions of borrowers, including homebuyers and owners looking to refinance. However, while the likelihood of a cut this week currently remains low, mortgage interest rates have improved a bit this month and may already be affordable for borrowers. After surging by more than half a percentage point in March, mortgage interest rates cooled again in April. Still far from what they were in April 2020, for example, they're noticeably improved from where they were in April 2025 and April 2024, too. And, if qualified borrowers add on mortgage points or take the time to diligently shop around for rates , they may be able to find options that fit their budget right now, even without a Fed rate cut this week. To better understand their next steps, it helps borrowers to know where mortgage interest rates stand right now, as of April 27, 2026. 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 6.00% as of April 27, 2026, according to Zillow . The average rate on a 15-year mortgage is 5.50%. …