Mortgage and refinance interest rates today, Saturday, July 4: Rates are mixed this July 4 holiday

Mortgage rates today: Mixed trends as 30-year fixed drops to 6.40%, ARMs rise on July 4 holiday

According to Zillow’s lender marketplace data, mortgage rates remained mixed on Saturday, July 4. The national average 30-year fixed mortgage rate decreased by 4 basis points to 6.40%, while the 15-year fixed rate stayed steady at 5.86%. The 5/1 ARM increased by 6 basis points to 6.52%.

Read more: Weekly survey of mortgage lenders with the lowest rates: 6% is back (without fees)

Today’s mortgage rates

Here are current mortgage rates for Saturday, July 4, 2026, based on Zillow’s latest data:

• 30-year fixed: 6.40%
• 20-year fixed: 6.29%
• 15-year fixed: 5.86%
• 5/1 ARM: 6.52%
• 7/1 ARM: 6.30%
• 30-year VA: 5.81%
• 15-year VA: 5.51%
• 5/1 VA: 5.74%

These rates are national averages rounded to the nearest hundredth. Compare these with today’s refinance rates in the section below.

Read more: Discover 8 strategies for getting the lowest mortgage rates

Today’s mortgage refinance rates

Today’s refinance rates, also per Zillow data:

• 30-year fixed: 6.38%
• 20-year fixed: 6.12%
• 15-year fixed: 5.84%
• 5/1 ARM: 6.33%
• 7/1 ARM: 6.04%
• 30-year VA: 5.80%
• 15-year VA: 5.51%
• 5/1 VA: 5.70%

Refinance rates often exceed purchase rates, though exceptions exist.

Read more: Want to refinance your mortgage in 2026? Here’s what to do.

Free mortgage calculator

Use the calculator below to estimate monthly payments based on current rates. Adjust for taxes, insurance, or PMI as needed.

30-year fixed mortgage rates: Pros and cons

Pros: Lower monthly payments and predictable costs. Payments remain stable despite market changes.

Cons: Higher long-term interest costs compared to 15-year loans.

Learn more: Dig deeper into 15-year vs. 30-year mortgages

15-year fixed mortgage rates: Pros and cons

Pros: Lower interest rates and faster payoff (15 years). Save tens of thousands in interest.

Cons: Higher monthly payments than 30-year loans.

Adjustable mortgage rates: Pros and cons

Pros: Lower introductory rates initially. Suitable for short-term ownership plans.

Cons: Rates adjust after the fixed period, risking payment increases.

Read more: Learn whether now is a good time to get an adjustable-rate mortgage

Is now a good time to buy a house?

Current rates are lower than last year, and home prices remain stable post-pandemic. Market timing is less critical than personal readiness.

Learn more: Which is more important, your home price or mortgage rate?

Today’s mortgage rates: FAQs

Why do 30-year mortgage rates vary by source?

Zillow’s 6.40% average comes from its lender network, while Freddie Mac’s 6.43% reflects weekly loan application data. Rates vary by lender, location, and loan specifics.

Are interest rates expected to drop?

Forecasts from MBA and Fannie Mae suggest 30-year rates will stay between 6.4%–6.5% through 2026.

Are mortgage rates dropping?

The 30-year fixed rate dropped to 6.40%, but the 5/1 ARM increased to 6.52%. Rates remain volatile.

How do I get the lowest refinance rate?

Improve credit scores, reduce debt-to-income ratios, and consider shorter loan terms. Shop multiple lenders for competitive offers.

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