The average 30-year fixed mortgage rate is 5.91%, below 6%. Zillow reports rates lower than Freddie Mac due to different methodologies. Current rates include 30-year fixed at 5.91%, 15-year fixed at 5.44%, and 5/1 ARM at 5.93%. Mortgage refinance rates are often higher. Forecast predicts 30-year rates near 6% through 2026. With pros and cons for different mortgage options, choose what suits your financial plans best.

Read more at Yahoo Finance: Mortgage and refinance interest rates today, January 31, 2026: Dropping below 6%