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    Mortgage rates on May 14, 2021: Rates are down

    John Greim/Getty The principal mortgage rates all declined today with the exception of the 15-year fixed mortgage rate, which held firm. But the average 30-year fixed mortgage rates are down, along with the most common type of variable-rate mortgage, the 5/1 adjustable-rate mortgage. Of course, mortgage rates fluctuate daily — but they have been at historic lows this year. That makes now a particularly good time for prospective homebuyers to lock in a fixed rate. That noted, before you buy a house, consider your larger financial situation and compare offers from different lenders. Compare nationwide home loan rates from various lenders 30-year fixed-rate mortgages The average 30-year fixed mortgage interest…