Market Trends
National Average Mortgage Rates
Follow the weekly Freddie Mac rate trend and see what changing rates can mean for Hampton Roads buyers, sellers, and monthly payment planning.
Conventional 30-Year Fixed
Updated Thursday, May 28, 2026
Chart showing Freddie Mac 30-year fixed mortgage rates from Q1 '19 through May 28. The latest displayed rate is 6.53%. The latest Freddie Mac data is from May 28, 2026.
| Period | Rate | Data type |
|---|---|---|
| Q1 '19 | 4.37% | Quarterly average |
| Q2 '19 | 4.01% | Quarterly average |
| Q3 '19 | 3.66% | Quarterly average |
| Q4 '19 | 3.70% | Quarterly average |
| Q1 '20 | 3.52% | Quarterly average |
| Q2 '20 | 3.24% | Quarterly average |
| Q3 '20 | 2.95% | Quarterly average |
| Q4 '20 | 2.76% | Quarterly average |
| Q1 '21 | 2.88% | Quarterly average |
| Q2 '21 | 3.00% | Quarterly average |
| Q3 '21 | 2.87% | Quarterly average |
| Q4 '21 | 3.08% | Quarterly average |
| Q1 '22 | 3.82% | Quarterly average |
| Q2 '22 | 5.27% | Quarterly average |
| Q3 '22 | 5.62% | Quarterly average |
| Q4 '22 | 6.66% | Quarterly average |
| Q1 '23 | 6.37% | Quarterly average |
| Q2 '23 | 6.51% | Quarterly average |
| Q3 '23 | 7.04% | Quarterly average |
| Q4 '23 | 7.30% | Quarterly average |
| Q1 '24 | 6.75% | Quarterly average |
| Q2 '24 | 7.00% | Quarterly average |
| Q3 '24 | 6.51% | Quarterly average |
| Q4 '24 | 6.63% | Quarterly average |
| Q1 '25 | 6.83% | Quarterly average |
| Q2 '25 | 6.79% | Quarterly average |
| Q3 '25 | 6.57% | Quarterly average |
| Q4 '25 | 6.23% | Quarterly average |
| Q1 '26 | 6.07% | Quarterly average |
| Mar 12 | 6.11% | Weekly rate |
| Mar 19 | 6.22% | Weekly rate |
| Mar 26 | 6.38% | Weekly rate |
| Apr 2 | 6.46% | Weekly rate |
| Apr 9 | 6.37% | Weekly rate |
| Apr 16 | 6.30% | Weekly rate |
| Apr 23 | 6.23% | Weekly rate |
| Apr 30 | 6.30% | Weekly rate |
| May 7 | 6.37% | Weekly rate |
| May 14 | 6.36% | Weekly rate |
| May 21 | 6.51% | Weekly rate |
| May 28 | 6.53% | Weekly rate |
The Hampton Roads Perspective
How Rates Affect Hampton Roads Buyers
Timing the market on rates is difficult – even for economists. What matters more is your personal financial readiness and local inventory conditions. Hampton Roads has historically maintained steady demand thanks to its military presence, growing job market, and quality of life – making it a resilient market regardless of where national rates sit.
Amanda and Jeremy Ackiss have guided buyers and sellers through multiple rate environments across the region. Whether rates are climbing or falling, their local expertise helps clients make confident decisions.
Free Strategy Call
Walk through your timeline, budget, and the current market with Amanda and Jeremy – no pressure, no commitment.
By the Numbers
What Today's Rate Means for You
Estimated Monthly Impact
Approximate payment difference per 1% rate shift on a typical $400K loan
Today vs History
Today's rate vs the 7.7% long-term historical average (1971-present)
Estimated Buying Power
Approximate extra home budget with each 1% rate drop at the same monthly payment
Estimates are based on a 30-year fixed mortgage and Freddie Mac historical PMMS averages. Your individual rate will vary by credit score, loan size, down payment, and lender. Use the calculator below for personalized numbers.
Strategy
Ask About Rate Buydowns
The rate you see is not always the rate you have to live with. Seller credits, buydowns, lender-paid options, and point strategies can all change the monthly payment picture.
Before you rule out a home based on the payment, talk through the options with us and your lender. The right move depends on your loan, seller leverage, timeline, and lender pricing.
Plan Your Purchase
Payment Calculator
Required Inputs
Estimate Your Payment
Enter price and rate to calculate your monthly payment.
Quick Answers
Mortgage Rate Questions
When do these rates update?
Freddie Mac usually releases its weekly PMMS mortgage rate update on Thursday. This page checks for the latest available data after that release window.
What are Mortgage Rate Alerts?
Mortgage Rate Alerts are weekly Ackiss Homes emails with the Freddie Mac national average 30-year fixed mortgage rate, recent trend, and Hampton Roads payment-planning context.
Is this my actual mortgage rate?
No. This is a national average. Your quoted rate depends on lender pricing, credit profile, loan type, down payment, points, and timing.
Are these Hampton Roads mortgage rates?
They are national Freddie Mac averages, not local lender quotes. Ackiss Homes uses them as market context for Hampton Roads buyers, sellers, and payment planning.
Why do rates matter locally?
Rate changes affect monthly payment, buying power, and negotiation strategy in Hampton Roads, even though local inventory and demand still matter.