The 30-year fixed-rate mortgage averaged 6.51% as of May 21, 2026, up from 6.36% last week and down from 6.86% a year earlier, the highest weekly level since August 2025 in the survey’s data, Freddie Mac reported.
The 15-year fixed-rate mortgage averaged 5.85%, up from 5.71% last week and down from 6.01% a year earlier.
Freddie Mac Chief Economist Sam Khater said borrowers can reduce costs by shopping for rates and getting multiple mortgage quotes.
