Mortgage rates today remain within a narrow range, as they have for weeks. According to Zillow, the average 30-year rate is 6.04%. The 15-year average rate is 5.41%. Yahoo Finance has been tracking 30-year rates moving lower and lingering just above and below 6% with our weekly survey of lenders with the best mortgage rates. One of our top-five-ranked lenders has a loan rate as low as 5.5%. Today's mortgage rates Here are the current mortgage rates, according to our latest Zillow data: 30-year fixed: ...

Mortgage rates are drifting near where they've been since mid-October. According to Zillow, the average 30-year rate is 6.08%. The 15-year average rate is 5.58%. A calm rate environment allows for easier rate shopping among the best mortgage lenders. Today's mortgage rates Here are the current mortgage rates, according to our latest Zillow data: 30-year fixed: 6.08% 20-year fixed: 5.98% 15-year fixed: 5.58% 5/1 ARM: 6.28% 7/1 ARM: 6.22% 30-year VA: 5.63% 15-year VA: 5.16% 5/1 VA: 5.45% Remem ...

Core Insights - Mortgage rates have reached their lowest point in nearly a year as of September 2025, prompting potential homebuyers to reconsider their options [1] Group 1: Home Loan Application Steps - The first step in applying for a home loan is to check the credit score, with a score of 720 or higher considered good for obtaining favorable rates [2] - It is essential to calculate the affordable monthly payment, including property taxes and insurance, using a mortgage calculator [3] - Prospective buyers should plan for a down payment, which typically ranges from 3% to 20% of the purchase price [4][5] - If the down payment is less than 20%, private mortgage insurance (PMI) may be required until 20% equity is achieved [6] Group 2: Documentation and Lender Selection - Gathering necessary documentation is crucial, including proof of income, employment, bank statements, identification, and debt information [7][8] - Choosing a lender involves comparing banks, credit unions, and online lenders to find the best interest rates and terms [9] - Borrowers must decide between fixed-rate and adjustable-rate mortgages, with fixed-rate offering stability and adjustable-rate providing initial lower rates [10]