Here's how mortgage rates changed in 2026 (and what could happen this June)

MoneyWatch: Managing Your Money Here's how mortgage rates changed in 2026 (and what could happen this June) We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson May 22, 2026 / 10:49 AM EDT / CBS News Add CBS News on Google Mortgage interest rates have experienced notable increases and declines so far in 2026. Alex Cristi/Getty Images Many homebuyers and owners looking to refinance started 2026 with cautious optimism. Mortgage interest rates, after all, had declined by around a full percentage point, on average, in 2025. And after the Federal Reserve cut rates three times in the final four months of the year, a pattern that had started in the final four months of 2024, it seemed like borrowers were on a slow but steady path toward greater affordability.But that hasn't exactly been the reality millions of borrowers have encountered so far in 2026. In fact, the mortgage rate climate has experienced remarkable swings both upward and downward. And while there have been opportunities for borrowers who were paying close attention to capitalize on lower rates, those moments have been fleeting and largely temporary. To better understand their current options, it helps borrowers to understand how mortgage rates have changed so far in 2026. With this knowledge, they can also gain an understanding of what's likely to happen in this space this June. Below, we'll break down everything homebuyers and owners need to know about mortgage rates now.Start by seeing which mortgage rates you currently qualify fo...