Mortgage and Refinance Interest Rates Today, May 22, 2026: Rates Finally Move Lower The recent drop in mortgage interest rates has sparked a mix of relief and skepticism among potential homebuyers.
The 30 year fixed rate fell by 9 basis points to 6. 51%, while the 15 year fixed rate dipped by 5 basis points to 6. 08%. Adjustable rate mortgages (ARMs) saw their introductory rates decrease, albeit marginally.
At first glance, these developments seem like a silver lining in the cloudy mortgage market.