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 rates from the Zillow lender marketplace, mortgage rates are generally lower than last week.
The current 30-year fixed rate rose by 3 basis points to 6.54%, the 15-year fixed rate fell by 15 basis points to 5.86%, and the 5/1 ARM fell by 13 basis points to 6.24%. Read more: Weekly survey of mortgage lenders with the lowest rates: Lower rates and stiff fees Here are the current mortgage rates today, Sunday, August 16, 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, Sunday, August 16, 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. Read more: Want to refinance your mortgage in 2026? Use the mortgage calculator below to see how various mortgage terms and interest rates 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. It also considers factors like property taxes and homeowners insurance when determining your estimated monthly mortgage payment.
This gives you a more realistic idea of your total monthly payment than if you just looked at mortgage principal and interest. The average 30-year mortgage rate today is 6.54%. A 30-year term is the most popular type of mortgage because by spreading out your payments over 360 months, your monthly payment is lower than with a shorter-term loan.
The average 15-year mortgage rate is 5.86% today. When deciding between a 15-year and a 30-year mortgage, consider your short-term versus long-term goals. A 15-year mortgage comes with a lower interest rate than a 30-year term.
Extract — continue reading at the source.
