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May 11, 2026 / 9:22 AM EDT / CBS News

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Borrowers looking to buy a home or refinance an existing one should start by reviewing today's mortgage interest rates. Getty Images/iStockphoto

Mortgage interest rates are constantly evolving , even when there's no Federal Reserve meeting scheduled for the month to impact their movement. That's the reality that borrowers are facing this May , as other drivers will rise in prominence, including an inflation reading set to be released on Tuesday. Considering that the last report showed a surge in the rate, any reduction will be welcome.…