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Latest Mortgage Rates: What You Need to Know

Latest Mortgage Rates: What You Need to Know

Update: 2025-11-22
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Mortgage rates, according to Zillow data, currently stand at 6.11% for a thirty-year fixed loan, 5.94% for a twenty-year fixed, and 5.62% for a fifteen-year fixed. Refinancing rates are slightly higher, with a thirty-year fixed refinance at 6.28% and a fifteen-year fixed refinance at 5.73%. While thirty-year fixed mortgages offer lower monthly payments, fifteen-year fixed mortgages save on interest. Adjustable-rate mortgages can offer lower initial rates but come with the risk of future increases. Rates have been trending downward, with the thirty-year fixed rate now lower than it has been in over a year.

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Latest Mortgage Rates: What You Need to Know

Latest Mortgage Rates: What You Need to Know