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, current purchase mortgage rates are lower than refinance rates as of Monday, August 17, 2026.
Today, the 30-year fixed purchase rate is 6.54%, 5 basis points lower than the current refinance rate. The 15-year fixed purchase rate of 5.86% is 2 basis points lower than the 15-year refi rate. The 5/1 ARM purchase rate of 6.24% is 20 basis points lower than the 5/1 refi rate.
Read more: Weekly survey of mortgage lenders with the lowest rates: Lower rates and stiff fees Here are the current mortgage rates today, Monday, August 17, 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, August 17, 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.
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. Today's average 30-year purchase mortgage rate 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 relatively low. If you had a $300,000 mortgage with a 30-year term and a 6.70% rate, for example, your monthly payment toward the principal and interest would be about $1,935.04, and you'd pay $396,614 in interest over the life of the loan. For reference, the calculation: at 6.70% over 360 months on $300,000, the monthly principal-and-interest payment comes out to $1,935.04, total payments over the loan term are about $696,614, and total interest is about $396,614.
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