Mortgage Rates Average 6.53%

Freddie Mac's Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaged 6.53% as of May 28, 2026, up slightly from 6.51% the previous week but down from 6.89% a year ago. Chief Economist Sam Khater noted that pending home sales have increased for three consecutive months, suggesting latent demand and potential market recovery if rates decline further. The 15-year FRM averaged 5.87%, also up from the prior week.