mortgage rates friday may 1

mortgage rates friday may 1

Mortgage Rates vs First‑Time Lock

Mortgage Rates vs First-Time Lock Locking in today’s 6.38% 30-year fixed rate secures the lowest possible cost for a first-time homebuyer before rates climb again. The 30-year fixed rate fell 7 basis points to 6.38% on Friday, May 1, 2026, marking the lowest level in four weeks