Zillow Mortgage Rates Slip: 30-Year Fixed at 6.34%, 15-Year at 5.76%
Z•On July 8, 2026, Zillow’s lender marketplace reported the 30-year fixed purchase rate dipped 2 basis points to 6.34%, the 15-year fixed rate fell 7 bps to 5.76% and the 5/1 ARM purchase rate dropped 8 bps to 6.23%. Refinancing rates eased to 6.30% for a 30-year fixed and 6.16% on a 5/1 ARM.
1. Mortgage Purchase Rates Fall
On July 8, 2026, Zillow’s lender marketplace posted a 30-year fixed purchase rate of 6.34%, down 2 basis points from the prior day. The 15-year fixed rate declined 7 bps to 5.76% and the 5/1 adjustable-rate mortgage purchase rate fell 8 bps to 6.23%.
2. Refinance Rates Ease
Refinancing costs also ticked lower, with the 30-year fixed refinance rate at 6.30% and the 5/1 ARM refinance rate at 6.16%. Other refinance products, including 20- and 7-year fixed, registered in the mid-6% range, continuing a modest downward trend.
3. Implications for Zillow Marketplace
Slight rate declines could spur additional purchase and refinance activity on Zillow’s mortgage platform, potentially boosting lead generation and fee revenue. Even small basis-point moves can influence borrower demand and marketer response in a competitive mortgage landscape.
