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Mortgage Rates Increase

Published May 22, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, May 21. The survey showed mortgage rates climbing to their highest levels since August.

This week, the 30-year fixed rate mortgage averaged 6.51%, up from last week’s average of 6.36%. Last year at this time, the 30-year fixed rate mortgage averaged 6.86%.

The 15-year fixed rate mortgage averaged 5.85% this week, up from last week’s 5.71%. During the same week last year, the 15-year fixed rate mortgage averaged 6.01 %.

“The 30-year fixed-rate mortgage averaged 6.51% this week,” said chief economist at Freddie Mac, Sam Khater. “As rates fluctuate, aspiring buyers should remember that by shopping around for the best mortgage rate and getting multiple quotes, they can potentially save thousands.”

Based on published national averages, the savings rate was 0.38% as of 5/18. The one-year CD averaged 1.55%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.