On April 30, Zillow’s lender marketplace reported the national average 30-year fixed mortgage rate edged down one basis point to 6.11%, while the 20-year fixed rate rose 11 basis points to 6.08% and the 15-year fixed rate inched up two basis points to 5.62%. Short-term adjustable rates remain near 6.1%, with the 5/1 ARM at 6.11% and the 7/1 ARM at 6.09%.

Also on April 30, average adjustable-rate HELOCs increased four basis points to 7.24%, approaching this year’s 52-week high, while fixed-rate home equity loans declined ten basis points to 7.37%. These rates apply to borrowers with minimum 780 credit scores and maximum 70% combined loan-to-value ratios, reflecting recent lender fee adjustments.

Fluctuating primary and secondary mortgage rates could shift borrower behavior on Zillow’s platform, with modest declines in long-term rates potentially boosting purchase and refinance applications, even as rising HELOC costs may dampen demand for home equity lines of credit among existing homeowners.