Mortgage Rates Update: 30-Year Fixed Hits 6.25% as of May 2026

As of May 10, 2026, the 30-year fixed mortgage rate increased to 6.25%, up five basis points from the previous week. The 20-year fixed rate decreased six basis points to 5.95%, while the 15-year fixed rate remained unchanged at 5.66%. Additionally, the 5/1 ARM rates are reported at 6.41% and the 7/1 ARM at 6.02%. This mix of rate changes can impact borrowing costs for potential homebuyers and refinancing decisions, reflecting ongoing trends in the mortgage market.