Tough Times for Homebuyers: Mortgage Interest Rates in 2026
Mortgage rates today have climbed to a dizzying 6.73% for a 30-year mortgage, a staggering 180 basis points higher than a year ago . Mortgage Rates Today: A Historical High Do not kid yourself, these rates are punishing for buyers The Federal Reserve's unrelenting inflation fight continues to tighten the mortgage interest rates today. In April of last year, the average 30-year fixed mortgage rates were hovering around 4.93% . Fast forward to today, and we see a sobering reality: a rise of 1.8% in just 12 months. For homebuyers, this hike translates into a significant increase in...
