The average 30-year fixed mortgage rate is currently 5.95%, with a 30-year VA loan rate at 5.48%. Mortgage refinance rates are slightly higher, with a 30-year fixed rate at 6.07%. Rates for 20-year fixed, 15-year fixed, 5/1 ARM, and 7/1 ARM are also provided by Zillow, rounded to the nearest hundredth.

It is a good time to buy a house compared to previous years, as home prices are not spiking like during the pandemic peak. Mortgage rates have dropped since last year. Timing the real estate market is challenging, so buy when it’s right for you. Zillow’s national average 30-year mortgage rate is 5.95%.

Interest rates are not expected to decrease significantly. Forecasts predict the 30-year mortgage rate to remain near 6.1% through 2026. Overall, mortgage rates have gradually decreased since May 2025. Strategies to secure a low mortgage refinance rate include improving credit score, lowering debt-to-income ratio, and considering a shorter term for lower rates.

Read more at Yahoo Finance: Mortgage and refinance interest rates today, February 7, 2026: Back under 6%