Mortgage and refinance rates today, May 19, 2026: Rates keep rising
Mortgage rates are on the rise, with almost every rate tracked by the Zillow lender marketplace moving higher compared to the previous day.
The average 30-year fixed rate stands at 6.41%, remaining steady from the previous day. The 20-year fixed rate has increased to 6.39%, up 32 basis points from Monday. Similarly, the 15-year fixed loan is now at 5.84%, marking a 4 basis point increase from yesterday. The 5/1 ARM rate has risen to 6.50%, up 18 basis points compared to Monday. Lastly, the 30-year VA rate has climbed to 6%, up 17 basis points from the previous day.
Today’s mortgage rates, according to the latest Zillow data for May 19, 2026, are as follows:
– 30-year fixed: 6.41%
– 20-year fixed: 6.39%
– 15-year fixed: 5.84%
– 5/1 ARM: 6.5%
– 7/1 ARM: 6.57%
– 30-year VA: 6%
– 15-year VA: 5.63%
– 5/1 VA: 5.61%
It is important to note that these rates are national averages and rounded to the nearest hundredth.
For those considering mortgage refinancing, the current rates, based on Zillow data, are as follows:
– 30-year fixed: 6.43%
– 20-year fixed: 6.24%
– 15-year fixed: 5.87%
– 5/1 ARM: 6.42%
– 7/1 ARM: 6.21%
– 30-year VA: 5.87%
– 15-year VA: 5.42%
– 5/1 VA: 5.65%
Refinance rates are typically higher than purchase rates, and these figures are national averages rounded to the nearest hundredth.
When comparing 15-year versus 30-year fixed mortgage rates, it is important to consider the long-term interest savings of a shorter term loan, even though monthly payments may be higher. Making extra mortgage payments on a 30-year loan can also help pay off the mortgage faster and reduce overall interest payments.
Fixed-rate mortgages lock in a specific rate from the beginning, while adjustable-rate mortgages offer a fixed rate for a certain period before potentially adjusting based on various factors. It is essential to understand the differences between the two and consider your financial goals before choosing a mortgage type.
As for future mortgage rate predictions, experts forecast relatively stable rates for the remainder of 2026 and into 2027. The Mortgage Bankers Association (MBA) expects 30-year fixed rates to hover around 6.50% through 2026, while Fannie Mae predicts rates to remain near 6.3% for the year. Looking ahead to 2027, both organizations anticipate minimal changes in mortgage rates, with the MBA forecasting 6.50% rates and Fannie Mae suggesting rates to average around 6.20%.
For those in the market for a mortgage, utilizing tools like the Yahoo Finance mortgage calculator can help determine how various term lengths and interest rates will impact monthly payments. Keeping informed about current rates and trends in the housing market is crucial for making informed decisions about mortgage financing.
