Mortgage rates have hardly moved this week. According to Zillow, the average 30-year fixed mortgage rate has held steady at 6.28%, and the 15-year fixed rate is down by two basis points to 5.56%. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.28% 20-year fixed: 5.90% 15-year fixed: 5.56% 5/1 ARM: 6.52% 7/1 ARM: 6.63% 30-year VA: 5.88% 15-year VA: 5.39% 5/1 VA: 5.76% Remember, these are the national averages and rounded to the ...

Most mortgage rates have ticked up since the Sept. 17 Federal Reserve meeting. According to Zillow, the average 30-year fixed mortgage rate has increased by 34 basis points since Sept. 16, now sitting at 6.47%. This is because it's common for mortgage rates to decrease in anticipation of a Fed rate cut, but they don't necessarily keep falling afterward. The mid-6% range could be the new normal, at least for the foreseeable future. Economists don't predict that mortgage rates will fall drastically before t ...