Mortgage and refinance interest rates today, February 25, 2026: A fraction higher (now 5.77%)

Core Insights - Mortgage rates have seen a slight increase, with the 30-year fixed rate rising to 5.77% and the 15-year fixed rate increasing to 5.40% [1] - The 15-year VA loan rate is currently at 4.99% [1] Current Mortgage Rates - The national average rates for various mortgage types are as follows: - 30-year fixed: 5.77% - 20-year fixed: 5.68% - 15-year fixed: 5.40% - 5/1 ARM: 5.95% - 7/1 ARM: 5.82% - 30-year VA: 5.37% - 15-year VA: 4.99% - 5/1 VA: 4.92% [4] Mortgage Refinance Rates - Current national average refinance rates include: - 30-year fixed: 5.94% - 20-year fixed: 5.91% - 15-year fixed: 5.48% - 5/1 ARM: 6.16% - 7/1 ARM: 6.19% - 30-year VA: 5.49% - 15-year VA: 5.06% - 5/1 VA: 4.72% [5] Advantages and Disadvantages of Mortgage Types - A 30-year fixed mortgage offers lower and predictable monthly payments, but comes with higher interest costs over the loan's life [7][9] - A 15-year fixed mortgage has higher monthly payments but lower interest rates, allowing borrowers to pay off their mortgage sooner and save on interest [10][11] - Adjustable-rate mortgages (ARMs) provide lower initial rates but carry the risk of future rate increases, making monthly payments unpredictable [12][13] Market Trends - Current trends indicate that mortgage rates are dropping due to stock market volatility and concerns regarding the Federal Reserve's interest rate decisions [17]