With so little volatility, mortgage rates remain easy to shop for right now. According to Zillow data, the 30-year fixed mortgage rate is 6.03%, and the 15-year fixed rate is 5.42%. The 30-year interest rate has has been content to remain mostly unchanged since the end of October. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.03% 20-year fixed: 5.95% 15-year fixed: 5.42% 5/1 ARM: 6.03% 7/1 ARM: 6.18% 30-year VA: 5.46% 15-year VA ...

Core Insights - Mortgage rates are currently stable, with the 30-year fixed rate at 6.03% and the 15-year fixed rate at 5.42% [1][18] - The Mortgage Bankers Association (MBA) forecasts that the 30-year mortgage rate will remain around 6.4% through 2026, while Fannie Mae predicts a slight decrease to 5.9% in Q4 2026 [20] Current Mortgage Rates - The national average for various mortgage types includes: - 30-year fixed: 6.03% - 20-year fixed: 5.95% - 15-year fixed: 5.42% - 5/1 ARM: 6.03% - 7/1 ARM: 6.18% - 30-year VA: 5.46% - 15-year VA: 5.05% - 5/1 VA: 5.16% [5] Mortgage Payment Insights - For a $300,000 mortgage at a 30-year term with a 6.03% rate, the monthly payment would be approximately $1,804, resulting in $349,599 in interest over the loan's life [8] - A 15-year mortgage at a 5.42% rate for the same amount would lead to a monthly payment of $2,439 and total interest of $138,936 [10] Adjustable-Rate Mortgages (ARMs) - ARMs typically start with lower rates than fixed mortgages but can increase after the initial period [11] - The 5/1 ARM has a fixed rate for the first five years, after which it adjusts annually [11] - Recent trends show that ARM rates can be similar to or even higher than fixed rates, necessitating careful comparison when choosing a mortgage type [13] Factors Influencing Mortgage Rates - Lenders offer lower rates to borrowers with higher down payments, excellent credit scores, and low debt-to-income ratios [14] - Options for reducing interest rates include paying for discount points at closing or utilizing temporary buydowns [15]

Mortgage rates are clinging just above 6%. According to Zillow, the average 30-year fixed mortgage rate is 6.03%, and the 15-year fixed rate is 5.42%. Why are Zillow's rates usually lower than those reported by Freddie Mac and elsewhere? Each source compiles rates by different methods. Zillow gets rates from its lender marketplace and Freddie Mac pulls information from loan applications submitted to its underwriting system. Mortgage rates vary by state, by lender, loan type, and many other factors. That's ...

Core Insights - The timing of mortgage refinancing can significantly impact costs, particularly the day of the week chosen for closing [1][2] Group 1: Risks of Closing on Fridays - Closing on Fridays may lead to double-charging, as the old lender may not receive payoff funds until the following week, resulting in interest payments on both loans over the weekend [3][4] - Fridays are often volatile due to the release of the Bureau of Labor Statistics' Non-farm payrolls report, which can influence mortgage-backed securities and subsequently affect interest rates [5][6] Group 2: Considerations for Refinancing - While Friday poses specific risks, it is essential to consider broader factors such as monthly mortgage rate trends and the closing costs associated with securing a lower interest rate [7] - Engaging with both old and new lenders can help navigate potential pitfalls and ensure a smoother refinancing process [8]

Core Insights - The current 30-year fixed mortgage rate has decreased to 6.09%, marking the lowest rate in over a year and nearing the significant 6% threshold that previously triggered a refinancing surge [1][18][19] Current Mortgage Rates - The national average mortgage rates are as follows: - 30-year fixed: 6.09% - 20-year fixed: 5.75% - 15-year fixed: 5.44% - 5/1 ARM: 6.22% - 7/1 ARM: 6.53% - 30-year VA: 5.58% - 15-year VA: 5.01% - 5/1 VA: 5.48% [5] Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] Comparison of Mortgage Types - The average 30-year mortgage rate is 6.09%, while the average 15-year mortgage rate is 5.44%. A 15-year mortgage offers a lower interest rate but results in higher monthly payments [8][9] Monthly Payment Examples - For a $300,000 mortgage at a 30-year term with a 6.09% rate, the monthly payment would be approximately $1,816, with total interest paid over the loan's life amounting to $353,777. In contrast, a 15-year term at a 5.44% rate would result in a monthly payment of $2,442 and total interest of $139,508 [10] Fixed vs. Adjustable-Rate Mortgages - Fixed-rate mortgages lock in the interest rate for the entire loan term, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period before adjusting based on market conditions [11][12] Factors for Low Mortgage Rates - Lenders typically offer lower rates to borrowers with higher down payments, excellent credit scores, and low debt-to-income ratios. Improving personal finances can help secure better rates [14][15] Choosing a Mortgage Lender - To find the best mortgage lender, it is advisable to apply for preapproval with multiple companies within a short time frame to minimize the impact on credit scores. Comparing the annual percentage rate (APR) is crucial for understanding the true cost of borrowing [16][17] Future Rate Expectations - Although mortgage rates have been gradually decreasing, significant drops are not anticipated in the near future [20]

Core Insights - Refinance applications surged by 58% last week and 70% compared to the same week last year, indicating strong demand among homeowners [2][4][8] - The increase in refinancing activity is driven by a significant drop in home borrowing costs, as the market anticipates a Federal Reserve rate cut [4][6] - The share of adjustable-rate mortgages (ARMs) in refinancing activity rose to 12.9%, the highest level since 2008, reflecting a shift in borrower preferences [3][4] Mortgage Rates and Market Trends - The 30-year fixed mortgage rate decreased by 15 basis points to approximately 6.35%, marking the largest weekly drop in a year [5][8] - The 10-year US Treasury yield fell to around 4.02%, down from a peak of 4.8% in early 2025, influencing mortgage rates [4][5] - Overall mortgage activity increased by 9.2% in the week ending September 5, suggesting a positive outlook for the US housing market [6][8] Industry Sentiment - The National Association of Home Builders indicated that the housing market may be nearing a turning point as rates decline ahead of the expected Fed decision [7]

CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage applications data. ...

Group 1: Open Door - Open Door has seen significant gains recently, with its stock price rising from the mid-$3 range to the $9 range, indicating a strong short squeeze and bullish sentiment [3][9] - The stock's price activity has been volatile, forming a broadening triangle pattern, suggesting increasing swings and a challenging trading environment [5][6] - A potential support level is identified around $7.30 to $7.40, with expectations of price retreating to previous resistance levels that may now act as support [7][10] Group 2: Rocket Companies - Rocket Companies is expected to benefit from potential mortgage refinancing activity as interest rates may be cut, which could drive more business [12][14] - The stock has shown a breakout above $17, with a supportive area identified around $20.50, indicating a bullish trend [14][16] - Heavy trading volume has been observed, suggesting strong conviction among traders, with significant volume spikes above the 50-day moving average [18] Group 3: Terawulf - Terawulf, a Bitcoin mining company, has made significant moves this year, with a bullish outlook as the fall and winter seasons are typically favorable for crypto [20][22] - The stock has shown a cup and handle pattern, indicating a potential for further upward movement if it can hold above the $10 to $10.50 level [23][25] - Key technical levels to watch include the $9 level, which serves as a volume node and support area [26] Group 4: Iron - Iron has experienced a notable breakout and consolidation phases, with a strong performance in the AI and crypto sectors [28][30] - The stock is viewed positively due to its stability compared to Terawulf, with a focus on data centers and cloud computing [30]

Mortgage Refinance Rates - Interactive map provides average 30-year mortgage refinance rates for each U.S state [1] - New York, California, and Florida currently offer the cheapest refinance rates [1]

Mortgage Refinance Research - The research focuses on identifying the best mortgage refinance company [1] - Evaluation criteria include rates, loan amounts, terms, and customer experience [1] Lender Evaluation - Leading lenders were researched and evaluated [1]