What are today's mortgage interest rates: May 5, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 5, 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 May 5, 2026 / 8:38 AM EDT / CBS News Add CBS News on Google Mortgage interest rates have changed noticeably in recent weeks, affecting both buyers and owners looking to refinance. GeorgePeters/Getty Images Hunting for low mortgage interest rates is an integral part of the homebuying and refinancing processes. But in recent years and recent weeks, in particular, it's often been a frustrating one. After mortgage rates briefly dipped below 6% in March, they surged again by the end of the month, largely based on overseas conflicts and market uncertainty. They declined briefly again in April but then rose once again last week after the Federal Reserve again elected to keep interest rates on pause, its third such freeze so far in 2026. And with no Fed meeting even on the calendar for May, borrowers hoping for relief from the central bank will need to look elsewhere for the time being.But that doesn't mean that mortgage interest rates still can't decline. They can and potentially even this May, as rates are driven by a multitude of factors, of which the Fed is just a single one, even if it does play a critical role. To better determine if they should wait for rates to decline or if it's worth locking in a mortgage rate currently, borrowers need to know where rates stand as of May 5, 2026.Start by seeing what your current mortgage rate offers look like here.Wha...