05/04/2026
What does Google say about rates today? As of May 2026, the national average for a 30-year fixed mortgage is sitting at 6.39%.
Here’s the outlook for what’s ahead:Short-Term (Next Month):Expect rates to stay steady between 6.20% and 6.50%. All eyes are on the mid-June Fed meeting—any shifts in inflation data before then could cause some minor "wiggles" in the market.Long-Term (Through 2027):The "new normal" is here.
Forecasts suggest rates will likely hover in the low 6s for the next year. While we might see a dip toward 5.75% if the economy cools, the days of sub-4% rates aren't in the cards for the foreseeable future.
⚠️ Disclaimer:This market summary was generated by Google AI for informational purposes only. Mortgage rates fluctuate daily based on economic data and geopolitical events. This is not financial advice; please consult with a qualified mortgage professional before making any home-buying or refinancing decisions.
