National averages for 30-year fixed mortgages remain at 6.25%, while shorter-term rates show slight variations.
The average 30-year fixed mortgage rate stands at 6.25%, unchanged from recent weeks, according to lender data. Shorter-term rates, including 20-year and 15-year fixed mortgages, sit at 5.95% and 5.66%, respectively, reflecting modest fluctuations in long-term borrowing costs.
Refinance rates show a similar pattern, with the 30-year fixed refinance rate at 6.18% and 15-year fixed refinance holding at 5.66%. Adjustable-rate mortgages (ARMs) range from 5.96% to 6.41%, while VA loan rates remain slightly lower across comparable terms.
Analysts suggest rates may continue to oscillate within a narrow range unless upcoming economic reports or geopolitical developments prompt a shift. Lender surveys indicate a handful of institutions now offer rates below 6% APR, though national averages remain elevated.