Live · via FRED · St. Louis Fed

Mortgage Rates Today

As of May 14, 2026 · Updated weekly

30-Year Fixed

6.36%

-0.01% from last week

+0.35% vs 1 year ago

15-Year Fixed

5.71%

-0.01% from last week

+0.36% vs 1 year ago

Fed Funds Rate

3.64%

Monthly Payment Estimates

$400k loan

30-Year Fixedat 6.36%

$2,492/mo

15-Year Fixedat 5.71%

$3,313/mo

Monthly savings (15yr vs 30yr)

$822/mo more

Over 30 years, the 15yr fixed saves $300,606 in total interest — but requires higher monthly payments.

Rate Range (Last 12 Weeks)

30-Year Fixed

Current rate

6.36%

12-week high

6.46%

12-week low

5.98%

Position in range

79th percentile

5.98% low6.46% high

Rate History (Last 12 Weeks)

May 146.36%5.71%

May 76.37%5.72%

Apr 306.30%5.64%

Apr 236.23%5.58%

Apr 166.30%5.65%

Apr 96.37%5.74%

Apr 26.46%5.77%

Mar 266.38%5.75%

Mar 196.22%5.54%

Mar 126.11%5.50%

Mar 56.00%5.43%

Feb 265.98%5.44%

Week30yr15yr

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What Drives Mortgage Rates

Mortgage rates are primarily driven by the 10-year Treasury yield — not directly by the Fed Funds rate.

When inflation rises, Treasury yields rise, and mortgage rates follow. The Fed Funds rate influences short-term rates (HELOCs, ARMs) more directly.

Current spread: 2.72% above Fed Funds

True Cost Calculator

See total interest paid over life of loan, including taxes and insurance.

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Data source

Freddie Mac Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Updated every Thursday.