U.S. 30-year mortgage rate rises to 6.53%

U.S. 30-year fixed-rate mortgage averaged 6.53% as of May 28, 2026, up from 6.51% the previous week. A year ago, the 30-year FRM averaged 6.89%,  according to Freddie Mac.

The 15-year fixed-rate mortgage averaged 5.87%, up from 5.85% last week, compared to 6.03% a year earlier.

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