Mortgage rates have generally fallen since late May, bottomed out at the end of October, and then remained within a 10 basis point range since. According to Zillow, the average 30-year fixed mortgage rate is 6.15%. That's just two basis points up from the 2025 low. The 15-year fixed rate is 5.57%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.15% 20-year fixed: 6.01% 15-year fixed: 5.57% 5/1 ARM: 6.21% 7/1 ARM: 6.30% 30-year VA: ...

Mortgage rates have eased a little higher, following the 10-year Treasury yield. According to Zillow, the average 30-year fixed rate is up seven basis points to 6.14%. The 15-year fixed home loan rate is holding steady at 5.53%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.14% 20-year fixed: 6.03% 15-year fixed: 5.53% 5/1 ARM: 6.19% 7/1 ARM: 6.30% 30-year VA: 5.56% 15-year VA: 5.16% 5/1 VA: 5.45% Remember, these are the nat ...

Mortgage rates are still running in place, with only minor movement up or down. According to Freddie Mac, the average 30-year fixed mortgage rate is 6.26%, up two basis points for the week. A year ago, it averaged 6.84%. The 15-year fixed rate is 5.54%, up five basis points. A year ago, it averaged 6.02%. The 10-year Treasury yield, which is highly correlated with mortgage rates, has increased by more than 0.75% over the past week. “Mortgage rates have been shifting within a narrow ten-basis point range o ...

Core Insights - Current mortgage rates are stable, with the average 30-year fixed mortgage rate at 6.15% and the 15-year fixed rate at 5.57% [1][18] - The 10-year Treasury yield has shown fluctuations without a clear trend [1] Mortgage Rates Overview - The national average mortgage rates include: - 30-year fixed: 6.15% - 20-year fixed: 5.97% - 15-year fixed: 5.57% - 5/1 ARM: 6.38% - 7/1 ARM: 6.45% - 30-year VA: 5.69% - 15-year VA: 5.25% - 5/1 VA: 5.70% [5] - Refinance rates are generally higher than purchase rates, although this is not always the case [3] Market Trends - Mortgage rates have gradually decreased, with the 30-year fixed rate dropping by over half a point since early July [20] - Economists do not expect significant drops in mortgage interest rates before the end of the year, though minor decreases may occur [19] Buying Considerations - The current housing market is relatively favorable compared to previous years, with home prices stabilizing [16] - The best time to buy a house is when it aligns with individual circumstances rather than attempting to time the market [17]

Core Insights - Mortgage rates have increased slightly, with the average 30-year fixed mortgage rate rising to 6.22%, compared to 6.79% a year ago, while the 15-year fixed rate rose to 5.50% from 6.00% a year ago [1] Current Mortgage Rates - The current national average for a 30-year fixed mortgage is 6.15% [5] - The 30-year fixed mortgage rate has seen a slight increase to 6.30% in another report [6] Refinance Rates - Today's refinance rates show a trend where they can be higher than purchase mortgage rates, but this is not always the case [3][12] Mortgage Rate Determinants - Mortgage rates are influenced by both controllable factors, such as credit scores and down payments, and uncontrollable factors, primarily economic conditions [10][11] - Economic conditions dictate that when the economy is struggling, mortgage rates tend to decrease to encourage borrowing, while strong economic performance leads to higher rates [12] Types of 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 periodically [8] - A 30-year fixed mortgage offers lower monthly payments but incurs more interest over time, whereas a 15-year fixed mortgage has higher monthly payments but lower overall interest costs [13][14] Historical Context - The lowest-ever 30-year fixed mortgage rate was recorded at 2.65% in January 2021, and it is unlikely to fall below 3% in the near future [17]

Core Insights - Mortgage rates have increased slightly, with the average 30-year fixed mortgage rate rising to 6.22%, compared to 6.79% a year ago, while the 15-year fixed rate rose to 5.50% from 6.00% a year ago [1] Current Mortgage Rates - The current national average for various mortgage rates includes a 30-year fixed at 6.15%, 20-year fixed at 6.11%, and 15-year fixed at 5.69% [5] - Another set of current rates shows a 30-year fixed at 6.30%, 20-year fixed at 6.25%, and 15-year fixed at 5.75% [6] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase mortgage rates, but this is not always the case [3][12] Mortgage Rate Determinants - Mortgage rates are influenced by both controllable factors, such as credit scores and down payments, and uncontrollable factors, primarily economic conditions [10][11] - Economic conditions, such as employment rates, can lead to lower mortgage rates during economic struggles and higher rates during strong economic periods [12] Mortgage Types - 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 periodically [8] - A 30-year fixed mortgage offers lower monthly payments but incurs more interest over time, while a 15-year fixed mortgage has higher monthly payments but less total interest paid [13][14]

Core Insights - Mortgage rates have seen a slight decrease, with the average 30-year fixed rate at 6.08% and the 15-year fixed rate at 5.62% [1][15] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.08% - 20-year fixed: 5.89% - 15-year fixed: 5.62% - 5/1 ARM: 6.41% - 7/1 ARM: 6.48% - 30-year VA: 5.67% - 15-year VA: 5.19% - 5/1 VA: 5.53% [4] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with national averages rounded to the nearest hundredth [3] Market Trends - Mortgage rates are expected to remain stable in a tight range over the next few months, with potential Federal Reserve actions influencing short-term rates but likely having minimal impact on mortgage rates [17] - There has been a general downward trend in mortgage rates since the government shutdown, with current rates lower than a year ago according to Freddie Mac data [18] Mortgage Types and Characteristics - 30-year fixed mortgages offer lower monthly payments and predictable costs, but come with higher interest rates over the loan's life compared to shorter terms [7][9] - 15-year fixed mortgages have higher monthly payments but lower interest rates, allowing borrowers to pay off their loans faster and save on interest [10][11] - Adjustable-rate mortgages (ARMs) provide lower initial rates but carry the risk of rate increases after the introductory period, making long-term costs unpredictable [12][13]

Core Insights - The average 30-year fixed mortgage rate has decreased to 6.20%, marking its lowest point in over a month [1][15][17] - Mortgage rates are expected to remain stable in the near term, with no significant downward momentum observed [17][18] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.20% - 20-year fixed: 5.83% - 15-year fixed: 5.52% - 5/1 ARM: 6.29% - 7/1 ARM: 6.36% - 30-year VA: 5.65% - 15-year VA: 5.21% - 5/1 VA: 5.60% [4] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] 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 lower interest rates and allows borrowers to pay off their mortgage sooner, but results in higher monthly payments [10][11] - Adjustable-rate mortgages (ARMs) offer lower initial rates but carry the risk of future rate increases, making monthly payments unpredictable [12][13] Market Trends - Mortgage rates are currently searching for a trend, with no clear momentum for a decrease observed [18] - The Federal Reserve's recent short-term interest rate cut has not significantly impacted mortgage rates [17]

Core Insights - Mortgage interest rates are expected to remain stable until the Federal Reserve's announcement on short-term interest rates, with current rates at 6.28% for 30-year fixed mortgages and 5.49% for 15-year fixed mortgages [1][16][17] - The average mortgage refinance rates are generally higher than purchase rates, indicating a potential cost consideration for homeowners looking to refinance [2][4] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.28% - 20-year fixed: 5.78% - 15-year fixed: 5.49% - 5/1 ARM: 6.58% - 7/1 ARM: 6.55% - 30-year VA: 5.69% - 15-year VA: 5.16% - 5/1 VA: 5.81% [4][5] Refinance Interest Rates - Today's mortgage refinance rates are also provided as national averages, which are typically higher than purchase rates [2][4] Mortgage Payment Calculations - For a $300,000 mortgage at a 30-year term with a 6.28% rate, the monthly payment would be approximately $1,853, resulting in $367,083 in interest over the loan's life. In contrast, a 15-year term at a 5.49% rate would have a monthly payment of $2,450, with total interest of $140,939 [9] 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 [10][11] - ARMs typically start with lower rates than fixed-rate mortgages, but rates may increase after the initial period [12] Strategies for Lower Mortgage Rates - To secure lower mortgage rates, borrowers should focus on improving their credit scores, increasing down payments, and reducing debt-to-income ratios [12][13] - It is advised to apply for mortgage preapproval with multiple lenders within a short timeframe to facilitate accurate comparisons [15] Market Expectations - Mortgage rates are not expected to drop significantly in the near future, although minor fluctuations may occur [18]

Mortgage Rates Overview - Mortgage rates are continuing to decline, with the 30-year fixed-rate mortgage falling to 6.35% and the 15-year fixed-rate mortgage dropping to 5.50% [1] - The 30-year fixed-rate mortgage experienced a significant drop of 15 basis points, marking the largest weekly decrease in the past year [2] Market Response - The decrease in mortgage rates has led to a notable increase in purchase applications, which reached the highest year-over-year growth rate in over four years [2] Current Mortgage Rates - Current mortgage rates include: - 30-year fixed: 6.24% - 20-year fixed: 6.65% - 15-year fixed: 5.46% - 5/1 ARM: 6.65% - 7/1 ARM: 6.67% - 30-year VA: 5.74% - 15-year VA: 5.29% - 5/1 VA: 5.70% [5] Refinance Rates - Refinance interest rates are generally higher than purchase mortgage rates, but this is not always the case [3][12]