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According to the Zillow lender marketplace, rates are mostly down from yesterday, with only the 15-year fixed bucking the trend.

Compared to yesterday, the 30-year fixed-rate purchase loan fell 8 basis points to 6.33%, the 20-year fixed purchase loan fell 14 basis points to 6.26%, the 15-year fixed purchase loan increased 8 basis points to 5.89%, and the 5/1 ARM purchase rate fell 14 basis points to 6.26%.

Weekly survey of mortgage lenders with the lowest rates: Leaders price in the low 6% range

Here are the current mortgage rates for Wednesday, June 10, 2026, according to the latest Zillow data:

30-year fixed: 6.33%

20-year fixed: 6.26%

15-year fixed: 5.89%

5/1 ARM: 6.54%

7/1 ARM: 6.54%

30-year VA: 5.80%

15-year VA: 5.50%

5/1 VA: 5.69%

Remember, these are the national averages and rounded to the nearest hundredth.

Learn about how mortgage rates are determined

These are today's mortgage refinance rates, according to the latest Zillow data:

30-year fixed: 6.46%

20-year fixed: 6.44%

15-year fixed: 5.91%

5/1 ARM: 6.51%

7/1 ARM: 6.43%

30-year VA: 5.94%

15-year VA: 5.39%

5/1 VA: 5.83%

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: 8 tips for getting the lowest mortgage rates

Use the mortgage calculator below to see how various interest rates and loan amounts will affect your monthly payments. It also shows how the term length plays into things.

You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and the best lenders. You even have the option to enter costs for private mortgage insurance (PMI) and homeowners' association dues if those apply to you. These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest.

There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable.

A 30-year fixed-rate mortgage has relatively low monthly payments because you're spreading your repayment out over a longer period of time than with, say, a 15-year mortgage. Your payments are predictable because, unlike with an adjustable-rate mortgage (ARM), your rate isn't going to change from year to year. Most years, the only things that might affect your monthly payment are any changes to your homeowners insurance or property taxes.

The main disadvantage of 30-year fixed mortgage rates is the mortgage interest, both in the short and long term.

A 30-year fixed-term loan comes with a higher interest rate than a shorter-term fixed-rate loan. You'll also pay much more in interest over the life of your loan due to both the higher rate and the longer term.

The pros and cons of 15-year fixed mortgage rates are essentially swapped with those of 30-year rates. Yes, your monthly payments will still be predictable, but another advantage is that shorter terms come with lower interest rates. Not to mention, you'll pay off your mortgage 15 years sooner. So you'll potentially save hundreds of thousands of dollars in interest over the course of your loan.

However, because you're paying off the same amount in half the time, your monthly payments will be higher than if you choose a 30-year term.

Learn more: Should you get a 15-year or a 30-year mortgage?

Adjustable-rate mortgages lock in your rate for a predetermined period, then adjust it periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then goes up or down once per year for the remaining 25 years.

The main advantage is that the introductory rate is usually lower than what you'll get with a 30-year fixed rate, so your monthly payments will be lower. (Current average rates don't reflect this, though — fixed rates are actually lower, according to Zillow data. Talk to your lender before deciding between a fixed or adjustable rate.)

With an ARM, you have no idea what mortgage rates will be like once the intro-rate period ends, so you risk your rate increasing later. This could ultimately end up costing more, and your monthly payments are unpredictable from year to year.

But if you plan to move before the intro-rate period is over, you could reap the benefits of a low rate without risking a rate increase down the road.

Learn more about the differences between adjustable-rate and fixed-rate mortgages

The national average 30-year mortgage rate is 6.33% right now, according to data compiled from the Zillow lender marketplace. But keep in mind that averages can vary depending on where you live. For example, mortgage rates vary by state, and if you're buying in a city with a high cost of living, rates could be higher.

Yes, today’s rates are falling for the most part compared to yesterday’s rates. The 30-year fixed-rate purchase loan fell 8 basis points to 6.33%, the 20-year fixed purchase loan fell 14 basis points to 6.26%, the 15-year fixed purchase loan increased 8 basis points to 5.89%, and the 5/1 ARM purchase rate fell 14 basis points to 6.26%.

In many ways, securing a low mortgage refinance rate is similar to when you bought your home. Try to improve your credit score and lower your debt-to-income ratio (DTI). Refinancing into a shorter term will also land you a lower rate, though your monthly mortgage payments will be higher.

Mortgage rates are down, so refinancing soon could be a good idea. Here's what you should know if you want to refinance your mortgage loan in early 2026.

Mortgage rates are down more than a half point since the end of last May, sparking a more than 62% increase for refinance applications year over year. Does that mean now is a good time to refinance your mortgage?

There are several types of home refinance options, including cash-out, no-closing-cost, and more. Learn which type of refinance is best for your financial goals.

Do you want to buy a house at the beginning of 2026? Learn what to expect from the 2026 housing market so you're prepared to buy in the next few months.

The best mortgage refinance companies charge low interest rates and fees, and they often have unique perks for customers. Find your best mortgage refinance lender.

With today’s high mortgage rates and home prices, it is a good time to get a VA loan. You’ll pay a lower rate with no down payment. Learn about getting a VA loan now.