Skip to Main Content

Leave a Legacy Alive Forever in Spirit

Help First Methodist Church of Tulsa achieve its goals for current and future generations with a charitable gift. Let us help you tailor your charitable gift to your financial, tax or estate planning objectives

Learn About Ways to Give

Giving Home > Giving News > Finance News > Mortgage Rates Edge Higher

Mortgage Rates Edge Higher

Published May 29, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, May 29. The survey showed mortgage rates increased slightly for the second straight week.

This week, the 30-year fixed mortgage rate averaged 6.53%, an increase from last week’s average of 6.51%. Last year at this time, the 30-year fixed mortgage rate averaged 6.89%.

The 15-year fixed mortgage rate averaged 5.87% this week, up from last week’s average of 5.85%. During the same week last year, the 15-year fixed mortgage rate averaged 6.03%.

“The 30-year fixed-rate mortgage averaged 6.53% this week,” said chief economist at Freddie Mac, Sam Khater. “Pending home sales have increased three months in a row, indicating there is latent demand and homebuyers are ready to jump back into the market if mortgage rates decline.”

Based on published national averages, the savings rate was 0.38% as of 5/18. The one-year CD averaged 1.55%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.