Zillow Rates: 30-Year Fixed at 6.09% and Refinance at 6.14%
Zillow lender marketplace data show the average 30-year fixed mortgage rate at 6.09% and refinance rate at 6.14%. The 15-year fixed purchase rate is 5.58% (5.63% for refinances) while 5/1 ARMs average 6.07% for new loans and 5.99% on refinances.
1. Daily Purchase Rates
Zillow lender marketplace reports average 30-year fixed purchase rate at 6.09%, 20-year at 6.04%, and 15-year at 5.58%. Adjustable-rate products include 5/1 ARMs at 6.07% and 7/1 ARMs at 6.04%, with VA loan rates ranging from 5.32% to 5.63%.
2. Refinance Rate Trends
Refinance rates have edged higher with 30-year fixed at 6.14%, 20-year at 6.33%, and 15-year at 5.63%. Refinancing via ARMs averages 5.99% for 5/1 ARMs and 5.95% for 7/1 ARMs, narrowing the spread versus purchase rates.
3. Implications for Zillow
Sustained rates above 6% could dampen homebuyer demand and refinancing activity, potentially reducing lead generation and revenue for Zillow’s mortgage marketplace. Elevated rates may drive borrowers toward rate buydowns or adjustable products, altering demand mix for Zillow’s lending partners.