Mortgage rates vary by state, with Zillow reporting a current 30-year fixed rate of 5.85%. National averages for various mortgage types are also provided, rounded to the nearest hundredth. Refinance rates are typically higher than rates when buying a house. Zillow’s rates are lower due to their lender marketplace sourcing. Interest rates are not expected to decrease significantly, with forecasts predicting rates near 6%. Mortgage rates have gradually decreased since May 2025. To secure a low refinance rate, focus on improving your credit score and lowering your debt-to-income ratio.

Read more at Yahoo Finance: 5.85% is the lowest rate we’ve seen in years