This weekend, mortgage rates are clinging just below 6% — barely. The Zillow lender marketplace is reporting an average 30-year fixed mortgage of 5.98%. The 15-year is now 5.50%. Is it a good time to buy a house or refinance your mortgage? Keep an eye on the numbers and your budget until you see something that works for you.
Here are the current mortgage rates, according to the latest Zillow data:
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30-year fixed: 5.98%
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20-year fixed: 5.90%
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15-year fixed: 5.50%
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5/1 ARM: 5.96%
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7/1 ARM: 5.70%
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30-year VA: 5.52%
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15-year VA: 5.24%
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5/1 VA: 5.30%
Remember, these are the national averages and rounded to the nearest hundredth.
These are today’s mortgage refinance rates, according to the latest Zillow data:
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30-year fixed: 6.07%
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20-year fixed: 6.12%
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15-year fixed: 5.62%
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5/1 ARM: 6.06%
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7/1 ARM: 5.94%
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30-year VA: 5.66%
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15-year VA: 5.34%
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5/1 VA: 4.82%
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