According to rates from the Zillow lender marketplace, refinance mortgage rates are mostly lower than purchase rates as of **Monday, September 21, 2026**. Today, the 30-year fixed purchase rate is **7.04%**, 3 basis points higher than the current refinance rate. The 20-year fixed purchase rate of **6.82%** is 3 basis points higher than the 20-year refi rate.
The 5/1 ARM purchase rate of **7.04%** matches the 5/1 refi rate. **_Read more:_**_Weekly survey of mortgage lenders with the lowest rates: Breaking the 7% barrier_ Here are the current mortgage rates today, **Monday, September 21, 2026**, according to the latest Zillow data: Remember, these are the national averages and are rounded to the nearest hundredth. These are today's mortgage refinance rates, **Monday, September 21, 2026**, according to the latest Zillow data: 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:_**_See the best mortgage refinance lenders right now_ You can use the free Yahoo Finance mortgage calculator below to play around with how different terms and rates will affect your monthly payment.
Our calculator considers factors like property taxes and homeowners insurance when estimating your monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at mortgage principal and interest. Down Payment: This is the part of your home's purchase price that you pay upfront, not covered by your loan.
The amount you pay as a down payment can influence your mortgage interest rate. Generally, larger down payments result in lower interest rates, as lenders see these as a sign of strong financial commitment. Loan Term: This refers to the duration over which you will repay your loan, typically measured in years.
Opting for a longer loan term can reduce your monthly payments by spreading them out over a greater number of years, whereas shorter loan terms generally lead to higher monthly payments. Interest Rate: This is the annual cost you incur for borrowing money, expressed as a percentage of the loan amount. It represents the fee you pay each year to the lender for your loan.
Data is provided as-is via the Zillow Mortgage API © Zillow, Inc., 2024. Use is subject to the Zillow Terms of Use. 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.
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