Mortgage Rates Edge Higher

Published May 29, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, May 29. The survey showed mortgage rates increased slightly for the second straight week.

This week, the 30-year fixed mortgage rate averaged 6.53%, an increase from last week’s average of 6.51%. Last year at this time, the 30-year fixed mortgage rate averaged 6.89%.

The 15-year fixed mortgage rate averaged 5.87% this week, up from last week’s average of 5.85%. During the same week last year, the 15-year fixed mortgage rate averaged 6.03%.

“The 30-year fixed-rate mortgage averaged 6.53% this week,” said chief economist at Freddie Mac, Sam Khater. “Pending home sales have increased three months in a row, indicating there is latent demand and homebuyers are ready to jump back into the market if mortgage rates decline.”

Based on published national averages, the savings rate was 0.38% as of 5/18. The one-year CD averaged 1.55%.

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