As inflation slows and the Fed is able to stop hiking rates — and, ultimately, start cutting them — mortgage rates should start trending down.
See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates would impact your monthly payments.
Mortgage Rates for Buying a Home30-Year Fixed Mortgage Rates Increase a Bit (+0.08%)The current average 30-year fixed mortgage rate is 7.32%, up just 8 basis points since this time last week.
15-Year Fixed Mortgage Rates Tick Up Very Slightly (+0.04%)The average 15-year mortgage rate is 6.53%, a 4-basis-point increase from last week.
Mortgage rates have been volatile so far in 2023, and they're higher than they were in September 2022.
Persons:
you'll, It's, refinance
Organizations:
Mortgage Bankers Association, Zillow, FHA
Locations:
Chevron