The current 30-year fixed-rate purchase loan fell 13 basis points to 6.17%which is 9 basis points below the current 30-year refinance rate. Buying of 15-year fixed rate bonds fell 5 basis points today to 5.75%2 basis points above the average 15-year refinance rate. Finally, buying 5/1 ARM today fell 22 basis points to 6.09%9 basis points below the 5/1 refinancing rate.
Read more: Weekly survey of mortgage lenders with lowest rates: even closer to 6%
Today’s mortgage rates
Here are the current mortgage rates today. Monday, June 29, 2026According to the latest Zillow data:
30 year fixed: 6.17%
20 year fixed: 6%
15 year fixed: 5.75%
5/1 HAND: 6.09%
7/1 ARM: 6.14%
30-year-old V.A.: 5.69%
15 year old VA: 5.41%
5/1 VA: 5.58%
Remember, these are national averages rounded to the nearest hundredth.
Read more: Discover 8 Strategies for Getting the Lowest Mortgage Rates
Today’s Mortgage Refinance Rates
These are today’s mortgage refinance rates. Monday, June 29, 2026According to the latest Zillow data:
30 year fixed: 6.26%
20 year fixed: 5.96%
15 year fixed: 5.73%
5/1 HAND: 6.18%
7/1 ARM: 6.18%
30-year-old V.A.: 5.61%
15 year old VA: 5.34%
5/1 VA: 5.56%
Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when buying a home, although this is not always the case.
Find out more: Read about the best mortgage refinance lenders now
Mortgage payment calculator
You can use Yahoo Finance’s free mortgage calculator below to get an idea of ​​how different terms and rates will affect your monthly payment. Our calculator takes factors such as property taxes and homeowners insurance into account when calculating your monthly mortgage payment. This gives you a better idea of ​​your total monthly payment than if you simply looked at the mortgage principal and interest.
Payment breakdown Depreciation
Mortgage payment calculator
Distribution of mortgage payments
81% Principal and interest
US$2149
0% Private Mortgage Insurance
You can bookmark Yahoo Finance’s mortgage payment calculator and keep it handy for future reference as you buy homes and from the best mortgage lenders.
30-Year Mortgage Rates Today
Today’s average 30-year mortgage rate is 6.17%. The 30-year term is the most popular type of mortgage because if your payments are spread over 360 months, your monthly payment will be relatively low.
For example, if you had a $300,000 mortgage with a 30-year term and an interest rate of 6.34%, your monthly principal and interest payment would be about $1,864.75., and you will pay $371,309 interest during the term of the loan.
15 year mortgage rates today
The average rate for a 15-year mortgage is 5.75% Today. When choosing between a 15-year and a 30-year mortgage, there are several factors to consider.
A 15-year mortgage has a lower interest rate than a 30-year mortgage. In the long run, this is great because you’ll pay off your loan 15 years sooner, which means 15 fewer years to accrue interest.
However, your monthly payments will be higher because you’re squeezing in the same debt payment in half the time.
For example, if you take out the same $300,000 mortgage with a 15-year term and 5.90% interest rate, your monthly payment will jump to $2,515.39.. But you’ll only pay $152,770. interest during the term of the loan. This is a significant saving.
Find out more: How much house can I afford? Use our home cost calculator.
Adjustable mortgage rates
With an adjustable rate mortgage, your rate is fixed for a specified period and then adjusted periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then changes every year thereafter.
Adjustable rates usually start out lower than fixed rates, but you risk your rate rising after the introductory rate lock period ends. But an ARM may be suitable if you plan to sell your home before the rate lock period ends—that way, you pay a lower rate without worrying about it going up later.
Recently, ARM rates have sometimes been equal to or higher than fixed rates. Before you commit to a fixed or adjustable rate mortgage, be sure to shop around for the best lenders and rates. Some will offer more competitive adjustable rates than others.
How to get a low mortgage rate
Mortgage lenders typically offer the lowest mortgage rates to people with higher down payments, excellent credit scores and a low debt-to-income ratio. So if you want to lower your rate, try saving more, improving your credit score, or paying off some debt before you start buying a home.
You can also lower your interest rate permanently by paying for discount points at closing. A temporary interest rate buyout is also an option—for example, perhaps you’ll get a 6.25% rate on a 2-1 buyout. Your rate will start at 4.25% in the first year, increase to 5.25% in the second year, and then settle at 6.25% for the remainder of your term.
Just consider whether these buyouts are worth the extra money at closing. Before you make a decision, ask yourself whether you’ll stay in the home long enough for the amount you’ll save from a lower rate to offset the cost of buying out your rate.
Mortgage Rates Today: Frequently Asked Questions
What are interest rates today?
Here are the interest rates for some of the most popular mortgage terms: According to average rates on Zillow’s lender marketplace, the current 30-year fixed rate fell 13 basis points to 6.17%The 15-year fixed rate fell 5 basis points to 5.75%, and the 5/1 ARM fell 22 basis points to 6.09%.
What is the normal mortgage rate now?
The regular mortgage rate for a 30-year fixed loan is 6.17%. However, keep in mind that this is a national average based on Zillow data. Zillow’s rates typically differ slightly from rates reported by Freddie Mac and others. Each source collects data using different methods and reports it over different time periods. Zillow receives rates from its lender marketplace and reports them daily, and Freddie Mac pulls the information from loan applications submitted to its underwriting system, which are averaged over the week. The average mortgage rate can be higher or lower depending on where you live in the US and, of course, your credit score.
Will mortgage rates go down?
MBA expects 30-year mortgage rates to be between 6.4% and 6.5% through 2026, according to the latest forecasts. Fannie Mae forecasts the 30-year mortgage rate at 6.4% through the end of the year.