Episode Details

Mortgage rates have seen a slight dip, with the thirty-year fixed rate dropping to 6.27%. The fifteen-year fixed rate has increased to 5.72%, while the twenty-year fixed rate has eased to 6.17%. Refinance rates are similarly affected, with the thirty-year fixed rate at 6.28% and the fifteen-year at 5.75%. Adjustable-rate mortgages (ARMs) are also available, with five-over-one ARMs at 6.49% and seven-over-one at 6.14%. VA loans offer some of the lowest rates, with a thirty-year VA rate at 5.79%.

Fixed rates provide peace of mind with locked-in rates, while shorter fifteen-year options mean higher payments but less interest paid overall. ARMs start low but can shift after the intro period, making them ideal for quick flips. Its recommended to shop around for the best deals, as they vary among lenders.

Freddie Mac recently pegged the thirty-year average at 6.36%, down slightly from last week and a full half-point below last year. Forecasters predict thirty-year rates to remain near 6.3% through the rest of 2026, potentially dipping to 6.1% by 2027.

If youre considering a home purchase or refinance, use a calculator to determine the monthly impact of these rates. While rates are easing, its advisable to lock in smart before they potentially increase.

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