30-year fixed mortgage rates rise 24.1 basis points to 6.696%, widening the gap over refinance rates on July 27, 2026.
Mortgage rates for home purchases surged on Monday, with the 30-year fixed rate jumping 24.1 basis points to 6.696%, outpacing refinance rates. The 15-year fixed rate increased 9.6 basis points to 6.036%, while the 5/1 adjustable-rate mortgage rose 41.4 basis points to 6.637%.
National averages for refinance rates remained lower, with the 30-year fixed at 6.617% and the 15-year fixed at 5.978%. The divergence marks a shift from typical trends, where refinance rates often exceed purchase rates. VA loan rates also saw mixed movements, with the 30-year VA purchase rate at 6.103% and its refinance counterpart at 6.17%.
The increases reflect broader market adjustments, though the exact drivers were not specified in the data. Lender surveys indicate heightened volatility in long-term borrowing costs, potentially impacting affordability for new buyers.