What are today's mortgage and mortgage refinance interest rates?
As of April 28, 2026, average mortgage rates are 5.63% for 15-year loans and 6.25% for 30-year loans, while refinance rates stand at 5.61% and 6.51% respectively. Rates vary based on credit score, location, and loan type, with stronger credit profiles typically qualifying for better terms. Prospective borrowers and refinancers are advised to shop around, review fees, and compare offers to secure favorable rates. Despite higher rates than in previous years, strategic preparation can help borrowers find competitive options.
- ▪Mortgage rates as of April 28, 2026, average 6.25% for 30-year fixed loans and 5.63% for 15-year fixed loans.
- ▪Refinance rates on the same date average 6.51% for 30-year loans and 5.61% for 15-year loans.
- ▪Borrowers with credit scores in the mid- to high-700s typically qualify for the best mortgage rates.
- ▪Experts recommend comparing multiple lenders, reviewing closing costs, and locking in rates once a favorable offer is found.
- ▪Higher interest rates compared to 2020 reflect Federal Reserve rate hikes, but stability may be expected if the Fed pauses further increases.
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MoneyWatch: Managing Your Money What are today's mortgage and mortgage refinance interest rates? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Kendall Little Updated on: April 28, 2026 / 12:08 PM EDT / CBS News Add CBS News on Google To qualify for the best mortgage rates, make sure your credit is in good standing before you apply. Getty Images/iStockphoto If you're in the market for a new home, or you're thinking about refinancing your current mortgage, you may have faced some challenges.
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