Mortgage rates currently hover just below or slightly above 6 percent, depending on the source. Data from Zillow shows the average 30-year fixed mortgage rate stands at 5.94 percent. The average 15-year fixed rate is reported at 5.39 percent. Zillow compiles these figures from its lender marketplace.
Freddie Mac, which often publishes rates that are somewhat higher, gathers information from loan applications submitted to its underwriting system. Mortgage rates can differ by location, including variations from state to state.
Current mortgage rates from Zillow include a 20-year fixed rate at 5.81 percent. The 5/1 adjustable-rate mortgage is listed at 6.16 percent, while the 7/1 ARM is at 6.24 percent. For VA loans, the 30-year rate is 5.41 percent, the 15-year is 5.04 percent, and the 5/1 VA is 5.18 percent.
These numbers represent national averages, rounded to the nearest hundredth of a percent.
Today's mortgage refinance rates, also from Zillow, show a 30-year fixed refinance rate at 6.02 percent. The 20-year fixed refinance is 5.84 percent, and the 15-year fixed is 5.48 percent. Refinance rates for adjustable products include a 5/1 ARM at 6.33 percent and a 7/1 ARM at 6.35 percent.
VA refinance rates are 5.43 percent for 30-year terms, 5.06 percent for 15-year terms, and 5.25 percent for 5/1 terms. These refinance figures are also national averages, rounded accordingly. Refinance rates can be higher than purchase mortgage rates, though this is not always the case.