According to Zillow’s lender marketplace, the average fixed rate is 30 years 6.19%we are up 2 points from yesterday. Despite the slight increase in the 30-year, it’s still the lowest 30-year rate we’ve seen since May 12. The 15-year fixed mortgage is currently 5.70%5 points lower than yesterday. 5/1 ARM i 6.06%3 points lower than Monday.
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Today’s house rates
Here are the current mortgage rates, according to our latest Zillow data, for Tuesday, June 30, 2026:
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30 years fixed: 6.19%
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20 years fixed: 6.04%
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15 years fixed: 5.70%
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5/1 ARM: 6.06%
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7/1 ARM: 6.05%
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VA for 30 years: 5.61%
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15 year VA: 5.25%
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5/1 VA: 5.70%
Remember that these are national averages and are rounded to the nearest hundredth.
Today’s mortgage rates
These are the current mortgage refinance rates, according to the latest Zillow data Tuesday, June 30, 2026:
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30 years fixed: 6.22%
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20 years fixed: 6.10%
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15 years fixed: 5.71%
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5/1 ARM: 6.17%
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7/1 ARM: 6.08%
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VA for 30 years: 5.68%
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15 year VA: 5.34%
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5/1 VA: 5.54%
Also, the numbers given are national averages rounded to the nearest hundredth. Refund rates are usually higher than purchase rates.
MORE: See our top picks for mortgage lenders now
Yahoo Finance mortgage calculator
A mortgage calculator can help you see how different mortgage terms and interest rates will affect your monthly payments. Use this collateral calculator to test different results.
You can bookmark Yahoo Finance’s down payment calculator and keep it handy for future use, as you shop for homes and lenders. It also takes into account factors such as property taxes and homeowner’s insurance when calculating your monthly mortgage payment. This gives you a better idea of ​​your total monthly payment than just looking at the mortgage principal and interest.
30 years versus 15 years for fixed mortgage rates
Generally, the rates for a 15-year loan are lower than those for a 30-year loan. When comparing 15- to 30-year loan rates, know that a shorter term will save you more interest in the long run. However, your monthly payments will be higher because you are paying the same loan amount in half the time.
For example, with a $400,000 mortgage with a 30-year term and a rate of 6.19%, you would make a monthly payment of about $2,447.28. regarding mortgage principal and interest. As interest accumulates over decades, you’ll end up paying $481,021 with interest.
If you get a $400,000 15-year loan at 5.65%, for example, you’ll pay about $3,300.26. monthly on your principal and interest. However, you will only pay $194,047 with interest over the years.
If that 15-year mortgage payment is too high, remember that you can always make additional payments on your 30-year loan to pay it off faster and ultimately pay less interest.
Read more: Find out how to get the lowest mortgage rates
Fixed rate versus adjustable rate loans
With a fixed rate loan, your rate is locked in from day one. However, you will get a new rate when you refinance your mortgage.
An adjustable rate mortgage keeps your rate the same for a certain period of time. Then, the rate will increase or decrease depending on several factors, such as the economy, and the maximum amount of your price that can change according to your contract. For example, with a 7/1 ARM, your rate will be locked in for the first seven years, then adjusted annually for the remainder of your term.
Adjustable rates sometimes start at lower fixed rates, but once the initial lock-in period is over, you run the risk of your interest rate going up. ARM rates have also been starting higher than fixed rates recently, so you may not always get a rate break.
Read more: Decide how to choose between an adjustable rate versus a fixed rate mortgage
Home loan rates today: Frequently Asked Questions
What is today’s fixed rate of 30 years?
According to Zillow’s lender marketplace, the average fixed rate is 30 years 6.19%we are up 2 points from yesterday. Despite the slight uptick in the 30-year, it’s still the lowest 30-year rate we’ve seen since May 12.
Will mortgage rates drop in 2026?
According to recent forecasts, MBA expects the 30-year mortgage rate to approach 6.50% by 2026. Fannie Mae is forecasting a 30-year average rate of 6.4% for the year.
How low can mortgage rates go in 2027?
Mortgage rates will likely remain relatively unchanged through 2027. The MBA predicts 30-year fixed rates of 6.5% through 2027. However, Fannie Mae is more optimistic and predicts average rates to hold close to 6.3% for most of 2027.
