What are today's mortgage interest rates: May 8, 2026?

MoneyWatch: Managing Your Money What are today's mortgage interest rates: May 8, 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 8, 2026 / 9:39 AM EDT / CBS News Add CBS News on Google Homebuyers are contending with noticeably higher mortgage rates than those available earlier in 2026. Amana Images Inc Sometimes, a lull in the mortgage interest rate climate can be a good thing for borrowers. With rates here known to change daily, stability when shopping around for rates and lenders can help borrowers neatly establish a baseline of offers to compare against. But consistency when interest rates are elevated, as they've been in the opening days of May, may not be the type of stability many buyers and owners looking to refinance had in mind. Mortgage interest rates so far this month have been a bit higher than they were in April. In the middle of last month, for example, rates briefly dipped under 6% for 30-year terms. A Federal Reserve meeting on April 29 , in which another rate pause was announced, however, quickly erased that momentum. At the same time, there are multiple items on the calendar that could cause mortgage rates to decline again this May. That could occur as early as next week when the next inflation reading is released by the Bureau of Labor Statistics. To better determine the value of locking in a mortgage rate now – or waiting until this current volatility subsides – borrowers need to start with an understanding of where mortgage rates stand right n...