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 ...

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: ...

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]

Mortgage rates have fallen to the edge of a big number. According to Zillow, the average 30-year fixed mortgage rate is 6.00%. Another step down and we will enter the 5% range, where many rate-watchers may decide it's time to buy or refinance. Meanwhile, the 15-year fixed term is 5.50%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.00% 20-year fixed: 5.86% 15-year fixed: 5.50% 5/1 ARM: 6.11% 7/1 ARM: 6.15% 30-year VA: 5.44% 15-y ...

Core Insights - Mortgage rates are currently around 6%, with the national average for a 30-year fixed mortgage at 6.00% and a 15-year rate at 5.50% [1][4][14] - The mortgage market is experiencing fluctuations, with predictions indicating that rates will remain at or above 6% for most of 2026, although a slight decrease to 5.9% is projected for Q4 2026 [13][16] Current Mortgage Rates - The national average mortgage rates are as follows: - 30-year fixed: 6.00% - 15-year fixed: 5.50% - 20-year fixed: 5.86% - 5/1 ARM: 6.11% - 7/1 ARM: 6.15% [4][5] Refinance Rates - Current mortgage refinance rates are generally higher than purchase rates, with the following averages: - 30-year fixed: 6.14% - 15-year fixed: 5.60% - 5/1 ARM: 6.55% - 7/1 ARM: 6.72% [5][3] Rate Trends - Mortgage rates have decreased since late May, currently being half a point lower than the same period last year [13] - Freddie Mac reports a slight decline in the national average 30-year mortgage rate to 6.23% and the 15-year rate to 5.51% [14] Future Projections - The Mortgage Bankers Association (MBA) forecasts the 30-year mortgage rate to be 6.4% by the end of 2025 and to remain stable through 2026 [16] - Fannie Mae also aligns with this prediction, suggesting a similar rate of 6.4% by the end of 2025 [16]

Core Insights - Mortgage rates are nearing a drop below 6%, with the average 30-year fixed rate currently at 6.04%, down two basis points, which could lead to increased purchase and refinance applications [1][16] - The 15-year fixed home loan rate has decreased by six basis points to 5.47% [1] Current Mortgage Rates - The current national average mortgage rates include: - 30-year fixed: 6.04% - 20-year fixed: 5.84% - 15-year fixed: 5.47% - 5/1 ARM: 6.16% - 7/1 ARM: 6.12% - 30-year VA: 5.36% - 15-year VA: 4.96% - 5/1 VA: 4.91% [5] Mortgage Rate Trends - Mortgage rates have shown a general downward trend over the past couple of months, with current rates lower than they were a year ago [18] - Future mortgage rates are expected to remain within a tight range, with the Federal Reserve indicating that another interest rate cut is not guaranteed [17] Refinance Rates - Mortgage refinance rates are typically higher than purchase rates, although this is not always the case [3] - To secure a low refinance rate, improving credit scores and lowering debt-to-income ratios are recommended strategies [19]

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 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 - Mortgage rates have decreased compared to one year ago, with the national average 30-year fixed mortgage rate at 6.22%, which is 57 basis points lower than last year [1][15] - The 15-year fixed mortgage rate has also seen a decline, now at 5.50%, which is a half-point lower than the same time last year [1][15] - Freddie Mac's chief economist noted that the current rates could allow homebuyers to save thousands annually, indicating a gradual improvement in affordability [2] Current Mortgage Rates - The current national average rates for various mortgage types include: - 30-year fixed: 6.22% - 15-year fixed: 5.50% [1][15] - Refinance rates are generally higher than purchase rates, but specific current refinance rates were not detailed in the provided documents [3] Future Rate Predictions - Industry forecasts suggest that mortgage rates will remain around current levels, with the 30-year rate expected to stay at 6% or higher for most of 2026, although a slight decrease to 5.9% is projected for Q4 2026 [14][16] - The Mortgage Bankers Association (MBA) anticipates the 30-year mortgage rate to be 6.4% by the end of 2025 and to remain stable through 2026 [16] Rate Types and Their Implications - Fixed-rate mortgages provide stability in payments over the loan term, while adjustable-rate mortgages (ARMs) may start lower but can fluctuate after an initial fixed period [8][9] - A 30-year fixed-rate mortgage is suitable for those seeking lower monthly payments, while a 15-year fixed-rate mortgage is advantageous for those wanting to pay off their loan faster and save on interest [11][12]

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]