What are today's mortgage interest rates: April 16, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: April 16, 2026? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson April 16, 2026 / 8:28 AM EDT / CBS News Add CBS News on Google Mortgage interest rates in recent weeks have changed both for buyers and owners looking to refinance. bauhaus1000/Getty Images Monitoring mortgage interest rates on a daily basis for a timely opportunity is an integral part of the homebuying and refinancing processes. Unfortunately for borrowers, what they've found in recent weeks has been a bit discouraging. Mortgage rates were averaging just 5.75% for 30-year terms as recently as March 2. But they increased significantly in the weeks that followed, driven in part by a series of uneven economic reports and heightened geopolitical tensions and overseas conflicts. At the same time, rates here have steadied a bit in the opening half of April, potentially giving borrowers a chance to lock in a rate before they rise again.And rates could increase this month, especially considering that there's still a Federal Reserve meeting on the calendar for later in April. While a rate cut in that meeting appears unlikely, comments made post-meeting by Fed officials have the potential to cause rates to tick up yet again. Some lenders may even get ahead of that by raising rates in advance. To better determine if a mortgage rate lock makes sense in this setting, it helps to first know where mortgage rates stand right now, as of April 16, 2026. See how low y...