30-Year Fixed Rate Drops to 6.33% as 5/1 ARM Surges to 6.45%
Z•Zillow’s mortgage marketplace data shows the 30-year fixed rate fell 3 basis points to 6.33% while the 15-year fixed rate remained at 5.79% and the 5/1 ARM jumped 24 basis points to 6.45%. National average refinance rates also remain elevated, potentially curbing Zillow’s lending referral volumes.
1. Mortgage Rate Movements
Zillow’s lender marketplace reports a 30-year fixed mortgage rate decline of 3 basis points to 6.33%, a stable 15-year fixed rate at 5.79%, and a 5/1 ARM increase of 24 basis points to 6.45%, reflecting notable volatility in adjustable rates.
2. Refinance Rates Overview
National average refinance rates sit at 6.28% for 30-year fixed loans, 6.30% for 20-year fixed, 5.80% for 15-year fixed, and 6.21% for 5/1 ARMs, indicating sustained elevated borrowing costs for homeowners exploring refinancing.
3. Impact on Zillow Lending Referrals
Shifts in both fixed and adjustable mortgage rates can influence consumer search behavior and lender selection on Zillow’s platform, with higher ARM costs particularly likely to dampen referral volumes and associated revenue.
4. ARM Volatility Drivers
Recent daily swings in the 5/1 ARM rate have been driven by uncertainty around economic data and anticipated Federal Reserve policy moves, highlighting borrower risk when considering adjustable-rate products.




