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Current Mortgage Rates -- May 7, 2021: Rates Down for Most Loans

Current Mortgage Rates -- May 7, 2021: Rates Down for Most Loans

On May 7, 2021, mortgage rates fell for most loans except the 15-year fixed rate loan. The rate you pay and the amount you borrow will determine how expensive your home loan is, both each month and over time. Check out today's average mortgage rates to see the typical interest costs a well-qualified borrower would be charged.