According to data from the Zillow lender marketplace, the current 30‑year fixed rate declined by 13 basis points to 6.17%; the 15‑year fixed rate slipped 5 basis points to 5.75%; and the 5/1 adjustable‑rate mortgage fell 22 basis points to 6.09%.
This marks the lowest 30‑year rate observed since the end of April.
Current Mortgage Rates
The following rates reflect today’s national averages for Saturday, June 27, 2026, based on the latest Zillow data:
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30-year fixed: 6.17%
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20-year fixed: 6%
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15-year fixed: 5.75%
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5/1 ARM: 6.09%
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7/1 ARM: 6.14%
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30-year VA: 5.69%
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15-year VA: 5.41%
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5/1 VA: 5.58%
These figures represent national averages rounded to two decimal places. Refinance rates may differ from purchase rates, though this is not a universal rule.
Current Refinance Rates
The following refinance rates reflect today’s national averages for Saturday, June 27, 2026, based on the latest Zillow data:
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30-year fixed: 6.26%
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20-year fixed: 5.96%
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15-year fixed: 5.73%
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5/1 ARM: 6.18%
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7/1 ARM: 6.18%
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30-year VA: 5.61%
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15-year VA: 5.34%
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5/1 VA: 5.56%
These figures represent national averages rounded to two decimal places. Refinance rates can be higher than purchase rates, though not consistently.
Mortgage Payment Calculator
Use the mortgage calculator below to estimate how today’s rates would impact your monthly mortgage payment.
Mortgage Loan Payment Calculator – Yahoo Finance
Mortgage payment breakdown
81% Principal & interest
$2,113
0% Private mortgage insurance
You may bookmark the Yahoo Finance mortgage payment calculator for future reference while searching for homes and lenders. Additionally, you can input estimates for private mortgage insurance (PMI) and homeowners’ association fees to obtain a more precise monthly payment projection.
30‑Year Fixed Mortgage Rates: Advantages and Considerations
A 30‑year fixed‑rate mortgage offers two primary benefits: lower monthly payments and consistent, predictable payments over the life of the loan.
Because the repayment period is extended, the monthly installment tends to be lower than that of a shorter‑term loan, such as a 15‑year mortgage. Predictability is another strength: the interest rate remains fixed, so it does not fluctuate annually. Consequently, fluctuations in your monthly payment are typically limited to changes in property taxes or homeowners insurance.
The principal drawback of a 30‑year fixed‑rate mortgage is the higher total interest cost, both in the short and long term.
Generally, a 30‑year fixed rate is higher than rates for shorter fixed terms and often exceeds introductory rates for 30‑year ARMs. A higher rate translates into a larger monthly payment, and the extended term results in substantially more interest paid over the loan’s lifespan.
15‑Year Fixed Mortgage Rates: Advantages and Considerations
The advantages and trade‑offs of a 15‑year fixed‑rate mortgage are essentially the inverse of those for a 30‑year loan. While monthly payments are higher, the trade‑off includes a lower interest rate and a faster path to full ownership. Borrowers can potentially save hundreds of thousands of dollars in interest by repaying the loan in half the time.
Conversely, the accelerated repayment schedule results in substantially higher monthly installments compared with a 30‑year term.
Adjustable‑Rate Mortgage (ARM) Rates: Advantages and Considerations
Adjustable‑rate mortgages (ARMs) lock in an initial rate for a set period—e.g., five years for a 5/1 ARM—and then adjust annually for the remainder of the loan term.
The primary benefit is typically a lower introductory rate, which can reduce early‑stage monthly payments. However, current market averages may not consistently reflect this relationship; in some periods, fixed rates may be lower. Prospective borrowers should consult a lender to determine the most suitable option.
Because the rate can rise after the introductory period, borrowers face the risk of higher future payments and greater payment volatility.
If you anticipate relocating before the adjustable period begins, an ARM can provide a low initial rate without exposing you to subsequent increases.
Is Now a Favorable Time to Purchase a Home?
Historically, the present moment is more favorable for homebuyers than it was a few years ago. Property values have stabilized, no longer experiencing the sharp increases seen during the COVID‑19 pandemic. Consequently, prospective buyers who need to purchase a home in the near term can feel reasonably confident about market conditions.
Moreover, despite recent modest increases, current mortgage rates remain below their level from the same period last year.
The optimal moment to purchase a home is generally when it aligns with your personal and financial circumstances. Attempting to time the market precisely is often as unreliable as timing equity markets; the decision should be guided by individual readiness.
Today’s Mortgage Rates: FAQs
Why Do Reported 30‑Year Mortgage Rates Differ Across Sources?
Zillow currently places the national average 30‑year mortgage rate at 6.17%. Differences between Zillow’s figure and those published by Freddie Mac (6.49% this week) stem from methodological variations. Zillow aggregates daily data from its lender marketplace, whereas Freddie Mac averages weekly applications submitted to its underwriting system. Additionally, rates differ by state, ZIP code, lender, and loan type. Therefore, comparing offers from multiple lenders is essential.
Are Mortgage Rates Expected to Decline?
According to the latest available forecasts, the MBA expects the 30-year mortgage rate to be between 6.4% and 6.5% through 2026. Fannie Mae predicts a 30-year rate of 6.4% through the end of the year.
Are Mortgage Rates Declining?
Yes, rates have declined relative to the previous day. The current 30‑year fixed rate decreased by 13 basis points to 6.17%; the 15‑year fixed rate fell 5 basis points to 5.75%; and the 5/1 ARM slipped 22 basis points to 6.09%. These figures represent the lowest 30‑year rate recorded since the end of April.
How Can Borrowers Secure the Lowest Refinance Rate?
Achieving a low refinance rate mirrors the steps taken when initially obtaining a mortgage: strive to improve your credit score, reduce your debt‑to‑income ratio, and consider shorter loan terms, which often yield lower rates—though they increase monthly payments.
