Zillow 30-Year Fixed Rate Falls to 6.33% while 5/1 ARM Jumps to 6.45%
ZG•Zillow’s lender platform recorded a 3 basis-point drop in the 30-year fixed rate to 6.33%, a steady 15-year fixed rate at 5.79% and a 24 basis-point rise in the 5/1 ARM to 6.45%. Refinance rates on the platform show the 30-year fixed at 6.28%, the 5/1 ARM at 6.21% and the 15-year fixed unchanged at 5.80%.
1. Daily Mortgage Rate Changes
Zillow lender marketplace rates show the 30-year fixed rate slipped 3 basis points to 6.33%, the 20-year fixed at 6.26%, the 15-year fixed held at 5.79%, the 5/1 ARM climbed 24 basis points to 6.45% and the 7/1 ARM stands at 6.17%.
2. Mortgage Refinance Rates
On the refinance side, the platform reports the 30-year fixed rate at 6.28%, the 20-year fixed at 6.30%, the 15-year fixed at 5.80%, the 5/1 ARM at 6.21% and the 7/1 ARM at 6.23%.
3. Rate Variability and Borrower Considerations
These figures represent national averages rounded to the nearest hundredth. Mortgage rates can differ significantly by state, ZIP code, lender, loan type and term, so borrowers should compare multiple offers to secure the best available rate.
