Zillow’s 30-Year Mortgage Rate Drops to 6.29% for Second Day
Zillow’s lender marketplace saw the national average 30-year fixed mortgage rate drop seven basis points to 6.29% and the 15-year fixed rate decline eight basis points to 5.73% on April 1, 2026. Both rates eased for a second consecutive day as investors moved back into bonds, lowering yields and mortgage costs.
1. Second-Day Mortgage Rate Decline
On April 1, Zillow’s lender marketplace recorded a seven-basis-point decrease in the national average 30-year fixed rate to 6.29%, while the 15-year fixed rate fell eight basis points to 5.73%. This marks the second daily drop in both key mortgage benchmarks.
2. Bond Yield Shifts and Marketplace Impact
Investors have shifted capital back into bonds since Friday, compressing yields and passing on savings through lower mortgage rates. These easing rates may stimulate loan originations and refinancing activity within Zillow’s online lender platform.