Australia’s fifth biggest bank, Macquarie Bank, will pass on the May interest rate to its customers a week earlier than its competitors, citing cost of living pressures.

These are today's mortgage and refinance rates. Mortgage rates may remain elevated for now while Fed officials wait to see the impact of tariffs.

Mortgage rates are being influenced by headlines about ongoing trade negotiations, the path of inflation and shifting expectations for the timing of interest rate cuts from the Federal Reserve. Between Monday and Friday,

After surging in April to a 2025 high, mortgage rates plunged and then have inched up only slightly from that low. Here's where that leaves monthly loan payments.

Mortgage rates rose in the past week, but they remain relatively stable and are unlikely to further constraint housing affordability.

While mortgage rates have fallen, they remain well above the rates enjoyed by most current homeowners, who may be reluctant to put their homes on the market and risk a much higher rate on their next mortgage. In turn, the market could continue to suffer from a lack of supply, making options limited and prices sticky.

Fixed-rate mortgages are considered a hedge against inflation because they allow borrowers to lock in their monthly payment, no matter how high mortgage rates climb. If you can continue to make those payments in a recession, you’d be in a much safer position than borrowers who have adjustable-rate mortgages (ARMs), which fluctuate with the market.

A reverse mortgage is ideal for seniors who may have limited financial resources, as no payment is required. So if you have little to no work or retirement income, a reverse mortgage can be a lifeline and a tool to age in place. A home equity loan or HELOC may not be the right fit, as they require payments.