Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure. According to the Zillow lender marketplace, fixed mortgage rates are rising while ARM rates are falling compared to Thursday.
The average 30-year fixed rate today, Friday, August 14, 2026, is 6.65%, up 7 basis points since yesterday. The 15-year fixed loan is currently at 6.07%, 6 basis points higher than yesterday. The 5/1 ARM is 6.25%, 9 basis points lower than on Thursday.
Read more: Weekly survey of mortgage lenders with the lowest rates: Lower rates and stiff fees Here are the current purchase rates, according to the latest Zillow data, for Friday, August 14, 2026: Remember, these are national averages and have been rounded to the nearest hundredth. These are the latest refinance rates, according to the latest Zillow data, for Friday, August 14, 2026: Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that's not always the case.
Learn more: Dig deeper into the 7 home refinance options Your mortgage rate plays a large role in how much your monthly payment will be. Use this mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments: This embedded content is not available in your region. You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and the best mortgage lenders.
A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. You can choose from two types of rates: fixed or adjustable. A fixed-rate mortgage locks in your rate for the entire life of your loan.
For example, if you obtain a 30-year mortgage with a 6% interest rate, your rate will remain at 6% for the entire 30-year term unless you refinance or sell. An adjustable-rate mortgage locks in your rate for a predetermined period and then adjusts it periodically. Let's say you get a 7/1 ARM with an introductory rate of 6%.
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