Today's mortgage rates are near multi-year lows. While Freddie Mac reported the current 30-year fixed home loan rate at 6.01% this week, the Zillow lender marketplace is reporting an average rate of 5.86%. Is it a good time to buy a house or refinance your mortgage? Shop multiple lenders and you'll see just how much rates can vary. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.86% 20-year fixed: 5.82% 15-year fixed: 5.41% 5/1 ARM: ...

This week, mortgage rates hit their lowest point since September 2022. According to Freddie Mac, the average 30-year fixed rate fell eight basis points to 6.01%. The 15-year fixed-rate dropped nine basis points to 5.35%. With rates falling, purchase and refinance demand will grow. If you will be getting a new home loan soon, whether to buy or refi, it might be time to start lining up lenders to get your best offer. Current mortgage rates Here are the current mortgage rates, according to the latest Zill ...

Core Insights - Mortgage rates are currently experiencing a period of low volatility, with the average 30-year fixed rate at 5.85% and the 15-year fixed rate at 5.36%, marking the lowest levels reported in years [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 5.85% - 20-year fixed: 5.64% - 15-year fixed: 5.36% - 5/1 ARM: 5.81% - 7/1 ARM: 5.71% - 30-year VA: 5.36% - 15-year VA: 5.15% - 5/1 VA: 4.99% [4] Mortgage Refinance Rates - The current national average mortgage refinance rates are generally higher than purchase rates, with specific rates not detailed in the provided content [3] Comparison of Mortgage Types - A comparison between 30-year and 15-year fixed mortgage rates indicates that 15-year rates are typically lower, but result in higher monthly payments due to the shorter repayment term [6] - For a $400,000 mortgage at a 30-year term with a 5.85% rate, the monthly payment is approximately $2,360, leading to a total interest payment of $449,515 over the term. In contrast, a 15-year mortgage at a 5.36% rate results in a monthly payment of about $3,239, with total interest paid being $182,965 [7] Adjustable-Rate Mortgages (ARMs) - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period, after which the rate may adjust based on market conditions [9][10] - ARMs may start with lower rates compared to fixed rates, but there is a risk of rate increases after the initial period [11] Future Rate Predictions - Forecasts suggest that the 30-year mortgage rate will remain around 6.10% through 2026, with expectations of rates between 6.20% to 6.30% for most of 2027 [13][14]

Core Insights - Today's mortgage rates are at their lowest in years, with the 30-year fixed home loan rate reported at 6.09% by Freddie Mac and an average of 5.85% by Zillow, indicating a favorable environment for home buying or refinancing [1][16] Current Mortgage Rates - The national average for the 30-year fixed mortgage rate is 5.85% and for the 15-year fixed mortgage rate is 5.36% [16][17] - Other mortgage rates include: - 20-year fixed: 5.64% - 5/1 ARM: 5.81% - 7/1 ARM: 5.71% - 30-year VA: 5.36% - 15-year VA: 5.15% - 5/1 VA: 4.99% [4] Mortgage Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, but this is not always the case [3] Monthly Payment Calculations - For a $300,000 mortgage: - 30-year term at 5.85% results in a monthly payment of approximately $1,770 and total interest of $337,136 over the loan's life - 15-year term at 5.36% results in a monthly payment of approximately $2,429 and total interest of $137,224 [8] Fixed vs. Adjustable-Rate Mortgages - Fixed-rate mortgages lock in the interest rate for the entire loan term, while adjustable-rate mortgages (ARMs) have rates that can change after an initial fixed period [9][10] - ARMs typically start with lower rates but can increase after the initial period, making fixed rates sometimes more attractive [11] Factors for Low Mortgage Rates - Lenders offer the lowest rates to borrowers with higher down payments, excellent credit scores, and low debt-to-income ratios [12] - Improving personal finances is suggested as a better strategy than waiting for rates to drop [13] Choosing a Mortgage Lender - It is advisable to apply for mortgage preapproval with multiple lenders within a short time frame for accurate comparisons [14] - When comparing lenders, the annual percentage rate (APR) should be considered as it reflects the true annual cost of borrowing [15]

Mortgage Rates Overview - Current average mortgage rates are just under 6%, with the 30-year fixed rate at 5.91% and the 15-year fixed rate at 5.44% [1][13] - Refinance rates are generally higher than purchase rates, with the 30-year refinance rate at 6.02% [6][13] Mortgage Types and Comparisons - The 30-year fixed mortgage rates are typically higher than 15-year rates, but the latter results in lower total interest payments over time [7] - For a $400,000 mortgage, the monthly payment for a 30-year term at 5.91% is approximately $2,375, leading to total interest of $455,038, while a 15-year mortgage at 5.44% results in a monthly payment of about $3,256 and total interest of $186,010 [8] Adjustable-Rate Mortgages (ARMs) - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting based on market conditions [10][11] - ARMs may start with lower rates compared to fixed rates, but there is a risk of rate increases after the initial period [12] Future Rate Predictions - The Mortgage Bankers Association (MBA) forecasts that the 30-year mortgage rate will remain around 6.1% through 2026, while Fannie Mae predicts rates near 6% for the same period [14] - For 2027, the MBA anticipates rates between 6.2% and 6.3%, with Fannie Mae also predicting rates near 6.0% [15]

National average mortgage and refinance lates for the week remain just above one-year lows. According to Freddie Mac, the 30-year fixed mortgage rate for the week averaged 6.10%. One year ago, it was 6.95%. The 15-year fixed rate had a one-week average of 5.49%. A year ago, it was 6.12%. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.87% 20-year fixed: 6.11% 15-year fixed: 5.43% 5/1 ARM: 5.93% 7/1 ARM: 5.90% 30-year VA: 5.49% 15- ...

Core Insights - Mortgage rates have surpassed the 6% threshold, with the average 30-year fixed mortgage rate at 5.97% and the 15-year fixed rate at 5.47% [1][13] - A survey indicates that four of the top five lenders have maintained mortgage rates below 6% since mid-November [1] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 5.97% - 20-year fixed: 5.96% - 15-year fixed: 5.47% - 5/1 ARM: 6.00% - 7/1 ARM: 6.03% - 30-year VA: 5.50% - 15-year VA: 5.22% - 5/1 VA: 5.23% [5] Refinance Rates - The average refinance rates are generally higher than purchase rates, with the current 30-year refinance rate at 6.08% [13] Comparison of Mortgage Types - 15-year mortgage rates are typically lower than 30-year rates, but monthly payments are higher due to the shorter term [7] - For a $400,000 mortgage: - 30-year mortgage at 5.97% results in a monthly payment of approximately $2,390 and total interest of $460,577 - 15-year mortgage at 5.47% results in a monthly payment of approximately $3,262 and total interest of $187,155 [8] Adjustable vs. Fixed-Rate Mortgages - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting [10][11] - ARMs may start with lower rates but carry the risk of increasing rates after the initial period [12] Future Rate Predictions - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to be around 6.4% through the end of 2023, with expectations of rates above 6% in 2026 [14] - For 2027, the MBA anticipates rates to remain stable around 6.3%, with Fannie Mae predicting an average near 5.9% for the year [15]

Core Insights - Mortgage rates in 2026 have started significantly lower than in 2025, with the average 30-year fixed mortgage rate at 5.90%, which is 82 basis points lower than the previous year [1] - The 15-year fixed mortgage rate has also decreased, now standing at 5.36%, down by 63 basis points [1] - A survey by Yahoo Finance indicates that some lenders are offering mortgage rates at or below 5.50% [1] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 5.90% - 20-year fixed: 5.84% - 15-year fixed: 5.36% - 5/1 ARM: 6.11% - 7/1 ARM: 6.28% - 30-year VA: 5.48% - 15-year VA: 5.07% - 5/1 VA: 5.17% [5] Refinance Rates - Current refinance rates are generally higher than purchase rates, with the national averages rounded to the nearest hundredth [3] Mortgage Comparison - A comparison of 30-year and 15-year fixed mortgage rates shows that while 15-year rates are lower, monthly payments are higher due to the shorter term [7] - For a $400,000 mortgage at a 30-year term with a 5.90% rate, the monthly payment is approximately $2,373, leading to a total interest payment of $454,117 over the term [8] - Conversely, a $400,000 15-year mortgage at a 5.36% rate results in a monthly payment of about $3,239, with total interest paid being $182,965 [8] Adjustable-Rate Mortgages (ARMs) - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting based on market conditions [10][11] - ARMs may start with lower rates compared to fixed rates, but there is a risk of rate increases after the initial period [12] Future Rate Predictions - The Mortgage Bankers Association (MBA) forecasts that the 30-year mortgage rate will be around 6.4% through 2026, with Fannie Mae predicting rates above 6% for the next year but dropping to 5.9% in Q4 2026 [14] - For 2027, the MBA anticipates rates to remain stable at around 6.3%, while Fannie Mae expects an average near 5.9% for the year [15]

Core Insights - Mortgage rates in 2026 have started lower than in 2025, with the average 30-year fixed mortgage rate at 5.90%, which is 82 basis points lower than the previous year [1] - The 15-year fixed mortgage rate has decreased to 5.36%, down 63 basis points from last year [1] - A survey by Yahoo Finance indicates that some lenders are offering rates at or below 5.50% [1] Current Mortgage Rates - The current national average for various mortgage types includes: - 30-year fixed: 5.90% - 20-year fixed: 5.84% - 15-year fixed: 5.36% - 5/1 ARM: 6.11% - 7/1 ARM: 6.28% - 30-year VA: 5.48% - 15-year VA: 5.07% - 5/1 VA: 5.17% [5] Refinance Rates - Current refinance rates are generally higher than purchase rates, with the 30-year fixed refinance rate at 6.01% [13] Mortgage Comparison - A $400,000 mortgage with a 30-year term at 5.90% results in a monthly payment of approximately $2,373, leading to total interest payments of $454,117 over the term [8] - Conversely, a 15-year mortgage at 5.36% would require a monthly payment of about $3,239, resulting in total interest payments of $182,965 [8] Adjustable vs. Fixed Rates - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting based on market conditions [10][11] - ARMs may start with lower rates compared to fixed rates, but there is a risk of rate increases after the initial period [12] Future Rate Predictions - The MBA forecasts that the 30-year mortgage rate will be around 6.4% through 2026, while Fannie Mae predicts a dip to 5.9% in Q4 2026 [14] - For 2027, the MBA expects rates to average 6.3%, with Fannie Mae estimating rates near 5.9% for the entire year [15]

Core Insights - Current mortgage rates are under 6%, with the average 30-year fixed mortgage rate at 5.90% and the 15-year fixed rate at 5.36% [1][19] Current Mortgage Rates - The average 30-year fixed mortgage rate has decreased by 19 basis points over the last month [1] - The 15-year fixed mortgage rate has dropped by 16 basis points [1] - National averages for various mortgage types include: - 30-year fixed: 5.90% - 20-year fixed: 5.84% - 15-year fixed: 5.36% - 5/1 ARM: 6.11% - 7/1 ARM: 6.28% - 30-year VA: 5.48% - 15-year VA: 5.07% - 5/1 VA: 5.17% [5] Mortgage Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, but this is not always the case [3] Comparison of Mortgage Types - The average 30-year mortgage rate is 5.90%, while the average 15-year mortgage rate is 5.36% [8] - A 15-year mortgage has a lower interest rate but results in higher monthly payments compared to a 30-year mortgage [9] Financial Implications - For a $300,000 mortgage at a 5.90% rate over 30 years, the monthly payment would be approximately $1,779, with total interest paid over the loan's life being $340,587 [10] - Conversely, a 15-year mortgage at a 5.36% rate would have a monthly payment of $2,429, with total interest paid being $137,224 [10] Mortgage Rate Trends - The MBA forecasts the 30-year mortgage rate to be near 6.4% through 2026, while Fannie Mae predicts rates above 6% next year, potentially dipping to 5.9% in Q4 2026 [21]