several rates have moved lower compared to yesterday.
According to the Zillow lender marketplace, several rates have moved lower compared to yesterday. The average 30-year fixed rate is now 6.19%, down six basis points from yesterday.
The 20-year fixed rate is 6.06%, up 11 basis points from Monday. The 15-year fixed loan is currently at 5.65%, down one basis point from yesterday. Finally, the 5/1 ARM is 6.30%, down 11 basis points compared to Monday.
Today’s mortgage rates Here are the current mortgage rates, according to our latest Zillow data, for May 12, 2026: – 30-year fixed: 6.19% – 20-year fixed: 6.06% – 15-year fixed: 5.65% – 5/1 ARM: 6.30% – 7/1 ARM: 6.17% – 30-year VA: 5.65% – 15-year VA: 5.24% – 5/1 VA: 5.39% Remember that these are the national averages and rounded to the nearest hundredth. Today’s mortgage refinance rates These are the current mortgage refinance rates, according to the latest Zillow data: – 30-year fixed: 6.16% – 20-year fixed: 5.83% – 15-year fixed: 5.68% – 5/1 ARM: 6.04% – 7/1 ARM: 5.84% – 30-year VA: 5.68% – 15-year VA: 5.23% – 5/1 VA: 5.36% Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates.