The average 30-year fixed mortgage rate remains below 6% at 5.90%, making it a good time to lock in a rate. Current rates include 20-year fixed at 5.84%, 15-year fixed at 5.36%, and 5/1 ARM at 6.11%. National averages are rounded to the nearest hundredth. Refinance rates are slightly higher than purchase rates.

Mortgage calculator helps estimate monthly payments. Bookmark the calculator for future use as you search for homes and lenders. Consider factors like private mortgage insurance and homeowners’ association dues. A 30-year fixed mortgage offers lower and predictable payments, while 15-year fixed rates come with lower interest and faster payoff.

Adjustable-rate mortgages lock rates for a set period then adjust. Intro rates are usually lower than fixed rates, but future rates are unpredictable. Buying a house now is favorable due to stable prices and lower mortgage rates. The best time to buy is when it suits your needs, not timing the market.

Zillow reports a 5.90% national average 30-year mortgage rate. Rates vary by source and location. Expect rates near 6% through 2026. Mortgage rates have gradually decreased since May. Securing a low refinance rate involves improving credit, reducing debt-to-income ratio, and potentially choosing a shorter term.

Predictions show mortgage rates will remain stable, with slight decreases expected. The 30-year fixed rate has dropped since May. Refinancing into a shorter term can yield a lower rate but higher monthly payments. Consider multiple lenders for the best rates.

Read more at Yahoo Finance: Mortgage and refinance interest rates today, January 17, 2026: Rates hold under 6%