Mortgage rates are barely moving, refusing to react to the Federal Reserve's latest interest rate cut. According to Zillow, the average 30-year fixed mortgage rate is 6.13%, and the 15-year fixed rate is 5.53%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.13% 20-year fixed: 6.08% 15-year fixed: 5.53% 5/1 ARM: 6.24% 7/1 ARM: 6.31% 30-year VA: 5.60% 15-year VA: 5.14% 5/1 VA: 5.36% Remember, these are the national averages and ...

25-basis-point rate cut at its December meeting, marking its third reduction of 2025. The Federal Open Market Committee lowered the federal funds target range to 3.50%–3.75%, signaling ongoing pressure to support credit conditions as inflation trends toward the Fed’s comfort zone. This decision comes at a moment when U.S. mortgage rates remain highly sensitive to Treasury yields, not just the Fed’s policy path. Yet the latest cut gives borrowers a clearer sense of direction as mortgage costs continue to dri ...

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 ...

Core Insights - Mortgage rates have increased, with the average 30-year fixed mortgage rate rising to 6.10% and the 15-year fixed rate to 5.55% [1][6][21] - The increase in mortgage rates is likely linked to the latest Personal Consumption Expenditures (PCE) data, indicating inflation is moving as expected, which may affect the Federal Reserve's approach to rate cuts [2] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.10% - 20-year fixed: 5.97% - 15-year fixed: 5.55% - 5/1 ARM: 6.45% - 7/1 ARM: 6.38% - 30-year VA: 5.56% - 15-year VA: 5.22% - 5/1 VA: 5.40% [6][7] Market Conditions - The current housing market is relatively favorable compared to previous years, with home prices stabilizing and not spiking as during the COVID-19 pandemic [19] - Although mortgage rates have increased recently, they have been trending downward overall, with the average 30-year rate dropping by more than half a point since the beginning of 2025 [19][23] Future Expectations - Economists do not expect significant drops in mortgage interest rates before the end of the year, with only minor fluctuations anticipated [22] - Mortgage rates are expected to remain relatively flat for several months, suggesting that now could be a good time to buy a house [2]

Core Insights - Mortgage rates have decreased for the second consecutive week, with the national average 30-year fixed mortgage rate at 6.19%, down from 6.69% a year ago, indicating a favorable environment for homebuyers and homeowners [1][2][15] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.19% - 15-year fixed: 5.44% - 20-year fixed: 5.91% - 5/1 ARM: 6.02% - 7/1 ARM: 6.13% [1][5][15] Future Rate Projections - Forecasts from Fannie Mae and the Mortgage Bankers Association (MBA) suggest that the 30-year mortgage rate will remain at 6% or higher for most of 2026, with a potential dip to 5.9% in Q4 2026 [14][16] - For 2027, the MBA anticipates 30-year fixed rates around 6.3% for most of the year, increasing to an average of 6.4% in Q4 [17]

Core Insights - Mortgage rates have seen a slight increase, with the average 30-year fixed rate rising to 6.15% and the 15-year fixed rate to 5.60% [1] - Current mortgage rates are presented as national averages, rounded to the nearest hundredth [2][3] - The mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] Mortgage Rates Overview - The current mortgage rates include: - 30-year fixed: 6.15% - 20-year fixed: 5.97% - 15-year fixed: 5.60% - 5/1 ARM: 6.28% - 7/1 ARM: 6.03% - 30-year VA: 5.60% - 15-year VA: 5.26% - 5/1 VA: 5.25% [4] Adjustable-Rate Mortgages (ARMs) - ARMs have an initial fixed rate for a set period, after which the rate adjusts periodically [12] - The advantage of ARMs is typically a lower introductory rate compared to fixed rates, leading to lower initial monthly payments [13] - However, there is a risk of rate increases after the introductory period, making future payments unpredictable [13] 30-Year vs. 15-Year Fixed Mortgages - A 30-year fixed mortgage offers lower monthly payments and predictable 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] Market Trends - Mortgage rates are expected to remain stable in the near term, with the Federal Reserve indicating uncertainty regarding future interest rate cuts [17] - Overall, mortgage rates have shown a general decline over the past couple of months, remaining below levels from a year ago [18]

Core Insights - Mortgage rates have seen a slight decrease, with the average 30-year fixed mortgage rate dropping to 6.07% and the 15-year fixed term falling to 5.54% [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.07% - 20-year fixed: 5.99% - 15-year fixed: 5.54% - 5/1 ARM: 6.21% - 7/1 ARM: 6.29% - 30-year VA: 5.60% - 15-year VA: 5.22% - 5/1 VA: 5.20% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with the national averages rounded to the nearest hundredth [3] Market Trends - Mortgage rates have been trending downward, with the 30-year fixed rate now lower than it has been in over a year [16][20] - Economists do not expect significant drops in mortgage interest rates before the end of the year, although minor decreases may occur [19] Buying Considerations - The current housing market is considered relatively favorable for buyers compared to previous years, as home prices are stabilizing and not spiking [16] - The best time to buy a house is when it aligns with personal circumstances rather than attempting to time the market [17]

Core Insights - Mortgage rates are currently stable, with the average 30-year fixed rate at 6.16% and the 15-year fixed rate at 5.61%, showing a lack of momentum for significant decreases [1][15][17] Current Mortgage Rates - The national average mortgage rates are as follows: - 30-year fixed: 6.16% - 20-year fixed: 6.04% - 15-year fixed: 5.61% - 5/1 ARM: 6.54% - 7/1 ARM: 6.51% - 30-year VA: 5.61% - 15-year VA: 5.35% - 5/1 VA: 5.57% [4] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with the following averages: - 30-year fixed: 6.33% - 20-year fixed: 6.30% - 15-year fixed: 5.82% - 5/1 ARM: 6.63% - 7/1 ARM: 6.95% - 30-year VA: 5.97% - 15-year VA: 5.77% - 5/1 VA: 5.42% [5] Market Trends - Mortgage rates are expected to remain within a tight range in the coming months, with the Federal Reserve contemplating a potential cut to short-term interest rates, though this is unlikely to lead to significant decreases in mortgage rates [17] Historical Context - Mortgage rates have shown fluctuations but have generally trended lower since the government shutdown, with current rates being below those from a year ago according to Freddie Mac data [18]

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]