Mortgage rates have hit another new low. According to Zillow, the average 30-year fixed rate is 5.76%. Today's 15-year fixed rate is 5.37%. If you've been waiting for a sub-6% rate, here's your opportunity. The number of lenders offering mortgage rates under 6% is growing. Today's mortgage rates Here are the current mortgage rates, according to our latest Zillow data: 30-year fixed: 5.76% 20-year fixed: 5.78% 15-year fixed: 5.37% 5/1 ARM: 5.86% 7/1 ARM: 5.69% 30-year VA: 5.38% 15-year VA: 5.04% ...

A new analysis finds prospective homebuyers have seen their purchasing power rise in the last year due to higher incomes and lower mortgage rates. Zillow published a report on Monday that found a median-income U.S. household can now comfortably afford a $331,483 home with a 20% down payment. It found that the typical mortgage payment is 8.4% lower than it was a year ago when excluding taxes, insurance and assuming a 20% downpayment. Mortgage rates have fallen from an average of 6.96% in January 2025 to 6 ...

Core Insights - The average 30-year fixed mortgage rate has dropped to 5.86%, while the 15-year fixed rate is at 5.41% [1][17][18] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 5.86% - 20-year fixed: 5.82% - 15-year fixed: 5.41% - 5/1 ARM: 5.97% - 7/1 ARM: 6.10% - 30-year VA: 5.50% - 15-year VA: 5.06% - 5/1 VA: 5.24% [6][17] Mortgage Payment Calculations - For a $300,000 mortgage at a 30-year term with a 5.86% rate, the monthly payment would be approximately $1,772, resulting in $337,826 paid in interest over the loan's life [8] - For the same mortgage amount at a 15-year term with a 5.41% rate, the monthly payment would increase to $2,437, with total interest paid being $138,650 [10] Adjustable Mortgage Rates - Adjustable-rate mortgages (ARMs) typically start with lower rates than fixed rates but can increase after the initial period. For example, a 5/1 ARM has a fixed rate for the first five years [11][12] - Recent trends show that ARM rates can be similar to or even higher than fixed rates, emphasizing the need for careful comparison when selecting a mortgage type [13] Factors Influencing Mortgage Rates - Lenders offer lower mortgage rates to borrowers with higher down payments, excellent credit scores, and low debt-to-income ratios. Strategies to secure lower rates include saving more, improving credit scores, and reducing debt [14] - Borrowers can also consider buying down their interest rates through discount points at closing, which can affect long-term savings [15][16] Future Rate Predictions - Forecasts from the MBA suggest that the 30-year mortgage rate will remain around 6.1% through 2026, while Fannie Mae predicts a rate near 6% by the end of the year [19]

Smartphone displaying Zillow app logo in front of suburban home, representing online real estate marketplace rebound. Key Points Zillow has fallen back to 2014 price levels after a brutal multi-year slide, erasing nearly two years of gains. The stock has just logged three consecutive up days for the first time in weeks, while the RSI is at one of its lowest levels in more than a decade. Revenue growth, margin expansion, and a fresh Overweight rating with more than 50% upside suggest pessimism may be ov ...

Core Insights - Mortgage rates have seen a slight increase, with the current 30-year fixed rate at 5.86%, up five basis points, and the 15-year fixed rate at 5.41%, up six basis points [1] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 5.86% - 20-year fixed: 5.82% - 15-year fixed: 5.41% - 5/1 ARM: 5.97% - 7/1 ARM: 6.10% - 30-year VA: 5.50% - 15-year VA: 5.06% - 5/1 VA: 5.24% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with national averages rounded to the nearest hundredth [3] Market Conditions - The current housing market is more favorable compared to the previous years, with home prices stabilizing and mortgage rates having dropped since last year [16] - Predictions indicate that the 30-year mortgage rate is expected to remain around 6.1% through 2026, with Fannie Mae forecasting a rate near 6% by the end of the year [19] Rate Variability - Mortgage rates can vary significantly based on the source reporting them, with Zillow's rates typically lower than those from Freddie Mac due to different data collection methods [18]

Core Insights - AI is transforming the decision-making process for significant life events, particularly in home buying, where quick, clear, and accurate information is crucial [1] Company Overview - Zillow is collaborating with Google NotebookLM to provide home-buying guidance through a personalized AI research tool, enhancing user experience by offering reliable information with direct citations [2][7] - The partnership aims to meet the needs of home buyers by providing trusted information at the beginning of their home-buying journey [3][6] Product Features - The featured notebook in NotebookLM allows users to ask questions about various home-buying topics, such as preapproval versus prequalification and post-offer processes, helping to alleviate confusion and stress [4] - NotebookLM includes features like "Audio Overviews," which convert written guides into engaging audio formats, making information more accessible [5] Market Position - Zillow is recognized as the most visited real estate app and website in the U.S., connecting millions of consumers with innovative technology and trusted professionals [11] - The company's ecosystem encompasses the entire home journey, from dreaming and shopping to renting, buying, selling, and financing [12]

Core Insights - Mortgage rates are expected to decrease further as the 10-year Treasury yield has dropped nearly 2% in the past week, leading to increased investor interest in bonds and a subsequent fall in yields [1] - Zillow reports the current national average for a 30-year fixed mortgage rate at 5.79%, marking the lowest level in years, while the 15-year fixed rate stands at 5.34% [1] Current Mortgage Rates - The current mortgage rates according to Zillow include: - 30-year fixed: 5.79% - 20-year fixed: 5.71% - 15-year fixed: 5.34% - 5/1 ARM: 5.90% - 7/1 ARM: 5.69% - 30-year VA: 5.44% - 15-year VA: 5.06% - 5/1 VA: 5.14% [5] Mortgage Refinance Rates - Today's mortgage refinance rates, which are typically higher than purchase rates, are also provided as national averages rounded to the nearest hundredth [3] Market Trends - The decline in mortgage rates is attributed to stock market volatility, particularly in tech stocks, and concerns regarding the Federal Reserve's interest rate decisions, which have led buyers to seek refuge in the bond market [17]

Core Insights - Mortgage rates are currently experiencing a period of low volatility, with the average 30-year fixed rate at 5.85% and the 15-year fixed rate at 5.36%, marking the lowest levels reported in years [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 5.85% - 20-year fixed: 5.64% - 15-year fixed: 5.36% - 5/1 ARM: 5.81% - 7/1 ARM: 5.71% - 30-year VA: 5.36% - 15-year VA: 5.15% - 5/1 VA: 4.99% [4] Mortgage Refinance Rates - The current national average mortgage refinance rates are generally higher than purchase rates, with specific rates not detailed in the provided content [3] Comparison of Mortgage Types - A comparison between 30-year and 15-year fixed mortgage rates indicates that 15-year rates are typically lower, but result in higher monthly payments due to the shorter repayment term [6] - For a $400,000 mortgage at a 30-year term with a 5.85% rate, the monthly payment is approximately $2,360, leading to a total interest payment of $449,515 over the term. In contrast, a 15-year mortgage at a 5.36% rate results in a monthly payment of about $3,239, with total interest paid being $182,965 [7] Adjustable-Rate Mortgages (ARMs) - Fixed-rate mortgages lock in the interest rate from the start, while adjustable-rate mortgages (ARMs) have a fixed rate for an initial period, after which the rate may adjust based on market conditions [9][10] - ARMs may start with lower rates compared to fixed rates, but there is a risk of rate increases after the initial period [11] Future Rate Predictions - Forecasts suggest that the 30-year mortgage rate will remain around 6.10% through 2026, with expectations of rates between 6.20% to 6.30% for most of 2027 [13][14]

Core Insights - Zillow has launched a new microsite called Zillow for Warcraft, allowing players to explore in-game homes from World of Warcraft as player housing becomes available [1][2] - This collaboration with Blizzard Entertainment celebrates the long-awaited feature of player housing in World of Warcraft, which has been requested by the community for nearly two decades [1][2] - The experience combines Zillow's real estate expertise with the fantasy world of Azeroth, showcasing player-created homes and Blizzard-designed properties [1][2] Group 1: Collaboration and Experience - Zillow for Warcraft features a curated collection of in-game homes, including player-favorite designs and Blizzard-built homes inspired by iconic Warcraft styles [1][2] - The microsite offers immersive experiences such as 3D Home tours and SkyTour-style visuals, enhancing the exploration of standout designs [1][2] - In-game characters Bek'tar Donhammer and Hazl Fizzlehorn guide players through the homeownership experience in Azeroth [1][2] Group 2: Marketing and Community Engagement - The launch is supported by a co-branded campaign across social media platforms, including Reddit and TikTok, encouraging players to share their in-game homes [1][2] - Zillow's partnership with Blizzard is part of its 2026 brand platform, "Someday Starts Today," which aims to inspire people to take steps toward homeownership [1][2] - The experience is non-transactional, meaning there is no buying or selling of homes, pricing, or Zestimates involved [1][2] Group 3: Company Backgrounds - Zillow Group, Inc. is a leading real estate platform in the U.S., connecting consumers with innovative technology and services throughout the home journey [2][3] - Blizzard Entertainment, known for its iconic game franchises, has a rich history in the gaming industry, engaging millions of players worldwide [2][3] - Both companies aim to enhance the experience of home, whether in the real world or within the gaming universe [2][3]

Core Insights - Current mortgage rates are experiencing a decline, with the average 30-year fixed mortgage rate at 5.85% and the 15-year fixed rate at 5.36%, which may encourage homebuyers and mortgage refinancers to apply for loans soon [1][16]. Current Mortgage Rates - The national average for various mortgage types includes: - 30-year fixed: 5.85% - 20-year fixed: 5.64% - 15-year fixed: 5.36% - 5/1 ARM: 5.81% - 7/1 ARM: 5.71% - 30-year VA: 5.36% - 15-year VA: 5.15% - 5/1 VA: 4.99% [6][16]. Mortgage Payment Calculations - For a $300,000 mortgage at a 30-year term with a 5.85% rate, the monthly payment would be approximately $1,770, resulting in $337,136 paid in interest over the loan's life [7]. - For the same mortgage amount at a 15-year term with a 5.36% rate, the monthly payment would increase to $2,429, with total interest paid being $137,224 [9]. Adjustable Mortgage Rates - Adjustable-rate mortgages (ARMs) typically start with lower rates than fixed rates but can increase after the initial fixed period. For instance, a 5/1 ARM maintains the same rate for the first five years before adjusting annually [10][11]. - Recent trends show that ARM rates can sometimes be similar to or higher than fixed rates, emphasizing the importance of comparing lenders and rates [12]. Factors Influencing Mortgage Rates - Lenders offer lower mortgage rates to borrowers with higher down payments, excellent credit scores, and low debt-to-income ratios. Strategies to secure lower rates include saving more, improving credit scores, or reducing debt [13]. - Borrowers can also consider buying down their interest rates through discount points at closing, which can lead to lower monthly payments [14][15]. Future Rate Predictions - Forecasts from the MBA suggest that the 30-year mortgage rate may remain around 6.1% through 2026, while Fannie Mae predicts a similar rate near 6% by the end of the year [18].