All forms of conventional mortgage rates are up today compared to yesterday, according to Zillow’s lender marketplace.
The 30-year fixed interest rate rose 7 basis points to 6.26%. The 20-year fixed loan increased by 16 basis points for 6.22%. The 15-year fixed loan rose 11 basis points to 5.76%. The 5/1 ARM increased 17 basis points to 6.47%. The ARM 7/1 rose 13 basis points to 6.30%.
These lenders have the lowest mortgage rates
Today’s mortgage rates
Here are the current mortgage rates for Wednesday, May 13, 2026, according to the latest data from Zillow:
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Fixed for 30 years: 6.26%
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Fixed for 20 years: 6.22%
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Fixed for 15 years: 5.76%
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ARM 5/1: 6.47%
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7/1 ARM: 6.30%
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30 year old VA: 5.65%
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VA of 15 years: 5.23%
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5/1VA: 5.15%
Remember, these are national averages and are rounded to the nearest hundredth.
Learn more about how mortgage rates are determined
Current Mortgage Refinance Rates
Here are the current mortgage refinance rates, according to the latest data from Zillow:
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Fixed for 30 years: 6.23%
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Fixed for 20 years: 6.24%
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Fixed for 15 years: 5.66%
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ARM 5/1: 6.12%
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7/1 ARM: 5.94%
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30 year old VA: 5.60%
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VA of 15 years: 5.21%
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5/1VA: 5.26%
Again, the figures provided are national averages rounded to the nearest hundredth. Mortgage refinancing rates are typically higher than rates when purchasing a home, although this is not always the case.
8 Tips to Get the Lowest Mortgage Rates
Use our mortgage calculator
Use the mortgage calculator below to see how different interest rates and loan amounts will affect your monthly payments. It also shows how the term length influences.
You can add Yahoo Finance’s mortgage payment calculator to your favorites and have it on hand for future use as you shop for houses and the best lenders. You even have the option to enter private mortgage insurance (PMI) costs and homeowners association dues, if they apply to you. These details result in a more accurate monthly payment estimate than if you simply calculated the principal and interest on your mortgage.
30-year fixed mortgage rates
A 30-year fixed mortgage has two main advantages: its payments are lower and its monthly payments are predictable.
A 30-year fixed-rate mortgage has relatively low monthly payments because it spreads your payment over a longer period of time than, for example, a 15-year mortgage. Your payments are predictable because, unlike an adjustable-rate mortgage (ARM), your rate won’t change from year to year. Most years, the only thing that could affect your monthly payment is changes to your homeowner’s insurance or property taxes.
The main disadvantage of 30-year fixed mortgage rates is the mortgage interest, both short and long term.
A 30-year fixed-term loan has a higher interest rate than a shorter-term fixed-rate loan. You’ll also pay much more in interest over the life of your loan due to both the higher rate and longer term.
15-year fixed mortgage rates
The pros and cons of 15-year fixed mortgage rates essentially trade off with those of 30-year rates. Yes, your monthly payments will remain predictable, but another advantage is that shorter terms come with lower interest rates. Not to mention you’ll pay off your mortgage 15 years sooner. Therefore, you will potentially save hundreds of thousands of dollars in interest over the course of your loan.
However, because you will pay the same amount in half the time, your monthly payments will be higher than if you choose a 30-year term.
Should you get a 15 or 30 year mortgage?
Adjustable mortgage rates
Adjustable-rate mortgages lock your rate for a predetermined period and then adjust it periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then moves up or down once a year for the remaining 25 years.
The main advantage is that the initial rate is usually lower than what you’ll get with a 30-year fixed rate, so your monthly payments will be lower. (Current average rates don’t reflect this, however; fixed rates are actually lower, according to Zillow data. Talk to your lender before deciding between a fixed or adjustable rate.)
With an ARM, you have no idea what mortgage rates will be like once the rate introductory period ends, so you run the risk of your rate increasing later. Ultimately, this could end up costing more and your monthly payments are unpredictable from year to year.
But if you plan to move before the rate introductory period ends, you could reap the benefits of a low rate without risking a rate increase in the future.
Learn more about the differences between adjustable rate and fixed rate mortgages
Current Mortgage Rates: Frequently Asked Questions
What is a 30-year mortgage rate right now?
The national average 30-year mortgage rate is 6.26% right now, according to data collected from Zillow’s lender marketplace. But keep in mind that averages may vary depending on where you live. For example, mortgage rates vary by state, and if you buy in a city with a high cost of living, rates could be higher.
Are mortgage rates falling?
Not today, rates are increasing. After hitting a recent high near 6.50% in late March, rates reversed course and fell almost half a point. But compared to yesterday, conventional fixed-rate loans have increased across the board.
How do I get the lowest refinance rate?
In many ways, getting a low mortgage refinance rate is similar to when you bought your home. Try to improve your credit score and reduce your debt-to-income (DTI) ratio. Refinancing to a shorter term will also get you a lower rate, although your monthly mortgage payments will be higher.