Average 30-year fixed mortgage rates hold at 6.41% while shorter-term and adjustable loans rise by up to 32 basis points.
US mortgage rates increased for most loan types on May 19, 2026, with the 20-year fixed rate jumping 32 basis points to 6.39%. The 30-year fixed rate remained unchanged at 6.41%, while the 15-year fixed rate edged up 4 basis points to 5.84%. Adjustable-rate mortgages also saw gains, with the 5/1 ARM rising 18 basis points to 6.50%.
Refinance rates followed a similar trend, with the 30-year fixed refinance rate at 6.43%, slightly above purchase rates. The 15-year fixed refinance rate stood at 5.87%, while VA refinance rates ranged from 5.42% to 5.87%. These figures reflect national averages and are rounded to the nearest hundredth.
The rise in shorter-term and adjustable rates may reflect shifting lender expectations amid broader economic conditions. Borrowers face higher costs for refinancing compared to new purchases, a typical market pattern.