We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. May 11, 2026 / 9:22 AM EDT / CBS News Add CBS News on Google 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. And, if it shows a significant decline, mortgage interest rates could drop as well as lenders don't need to wait for a Fed rate cut to reduce the rates they offer to borrowers.…