Mortgage Rates Today May 29 2026: 30-Year Fixed at 6.59% as PCE Confirms Fed Is Not Cutting

# Mortgage Rates Today May 29 2026: 30-Year Fixed at 6.59% as PCE Confirms Fed Is Not Cutting

> **Quick answer:** The 30-year fixed mortgage rate is 6.59% today (May 29, 2026), per Mortgage News Daily and Bankrate. The 15-year fixed is 6.11% and the 30-year refi rate is 6.694%. April PCE inflation — the Fed's preferred measure — printed at 3.8% headline and 3.3% core, the hottest reading in three years. Fed funds futures now price in zero rate cuts for 2026 and a 42% chance of a hike by year-end. For buyers closing soon, the rate environment is not getting better fast.

Mortgage rates today, May 29, 2026, are holding near their highest levels since late 2025 after the PCE inflation report confirmed what bond markets had been pricing in for weeks: the Federal Reserve is not cutting interest rates anytime soon. With new Fed Chair Kevin Warsh just eight days into the job and bond vigilantes already testing the 30-year Treasury, the question for every buyer and refinancer right now is whether to act or wait — and waiting has a real cost.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## Current Mortgage Rates May 29 2026: Full Rate Table

Here are today's benchmark mortgage rates, sourced from Mortgage News Daily and Bankrate as of May 29, 2026: