Average 30-year fixed mortgage rates rose 2 basis points to 6.19% but remain at their lowest level since mid-May 2026.
The average 30-year fixed mortgage rate increased by 2 basis points to 6.19% on Tuesday, though it remains the lowest since May 12. Shorter-term rates declined, with the 15-year fixed rate dropping 5 basis points to 5.70% and the 5/1 ARM falling 3 basis points to 6.06%.
Refinance rates followed a similar pattern, with the 30-year fixed refinance rate at 6.22%, slightly above purchase rates. The 15-year fixed refinance rate stood at 5.71%, while the 5/1 ARM refinance rate was 6.17%. National averages are rounded to the nearest hundredth.
The mixed movement reflects modest volatility in bond markets, though the overall trend suggests stabilization after recent declines. Mortgage rates remain below early June peaks but above 2025 lows.