What's a good mortgage interest rate in 2026?

Mortgage interest rates have risen since the record lows of 2020-2021 but have recently declined due to Federal Reserve rate cuts. In early 2026, average rates are about 5.87% for 30-year and 5.25% for 15-year mortgages. Rates below these averages are considered good. Buyers should shop around, compare offers, consider larger down payments, and maintain strong credit to secure better rates. Acting now may be wise, with refinancing an option if rates drop later.