Zillow News & Analysis
4 articles
Market Mood
Mortgage Rates Rise: 30-Year Fixed Now at 6.25% on May 9, 2026
As of May 9, 2026, the 30-year fixed mortgage rate stands at 6.25%, reflecting an increase of seven basis points from the previous day. The 15-year fixed rate has risen nine basis points to 5.66%. Other current mortgage rates include the 20-year fixed at 5.95% and the 5/1 ARM at 6.41%. These national averages are crucial for potential homebuyers and those considering refinancing, as higher rates may impact affordability and housing market activity.
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Mortgage Rates Drop: 30-Year at 6.09%, 15-Year at 5.58%
As of April 26, 2026, the average interest rates for 30-year fixed mortgages fell to 6.09%, down 26 basis points from last month, yet increased by 7 basis points from last week. The 15-year fixed mortgage is now at 5.58%, 23 basis points lower than a month ago but up 6 basis points since the previous week. The average monthly payment for a $300,000 loan at a 30-year term would be approximately $1,816.05, resulting in $353,777 in total interest. The changes in rates impact borrowing costs, potentially influencing housing market activity.
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Mortgage Rates Rise to 6.09% as Tensions Increase: April 2026
As of April 25, 2026, the average 30-year fixed mortgage rate is 6.09%, an increase of seven basis points from the previous week. The 15-year fixed rate has also risen to 5.58%, up eight basis points from last weekend. The changes coincide with heightened Middle East tensions, which may influence market perceptions around economic stability. Data from the Zillow lender marketplace indicates national averages for various mortgage rates, suggesting a minor overall increase in borrowing costs.
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Mortgage Rates Drop: 30-Year Fixed Rate Average at 6.15%
Mortgage interest rates have decreased, with the average 30-year fixed rate now at 6.15%, down seven basis points from last weekend. The 15-year fixed rate has fallen to 5.64%. Additional rates include the 20-year fixed at 5.97% and 5/1 ARM at 6.44%. These changes are relevant for potential homebuyers and can influence housing market dynamics significantly.
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