Mortgage and refinancing interest rates today, October 13, 2025: Rates hold

Mortgage rates barely moved this week. According to Zillow, the average interest rate on a 30-year fixed mortgage has remained steady at 6.28%The 15-year fixed rate fell by 2 basis points to… 5.56%.

Here are the current mortgage rates, according to the latest Zillow data:

• 30 years fixed: 6.28%

• 20 years fixed: 5.90%

• 15 years fixed: 5.56%

• 1/5 arm: 6.52%

• 7/1 arm: 6.63%

• 30 years fa: 5.88%

• 15 years fa: 5.39%

• 1/5 volt: 5.76%

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

Here are 8 strategies to get the lowest mortgage rates.

These are today’s mortgage refinancing rates, according to the latest Zillow data:

• 30 years fixed: 6.38%

• 20 years fixed: 5.97%

• 15 years fixed: 5.76%

• 1/5 arm: 6.83%

• 7/1 arm: 6.75%

• 30 years fa: 5.96%

• 15 years fa: 5.96%

• 1/5 volt: 5.61%

Again, the numbers provided are national averages rounded to the nearest hundred. Mortgage refinancing rates are often higher than the rates when purchasing a home, although this is not always the case.

Read about the best mortgage refinancing lenders now.

You can use for free Mortgage Calculator Yahoo Finance To learn how different terms and rates affect your monthly payment. Our calculator takes into account factors such as 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 the mortgage principal and interest.

But if you want a quick and simple way to see how today’s rates affect your monthly mortgage payments, try the calculator below:

The average interest rate on a 30-year mortgage today is 6.28%. The 30-year term is the most popular type of mortgage because by spreading your payments over 360 months, your monthly payment is relatively low.

If you have $300,000 mortgage With a 30-year term and a 6.28% rate, your monthly payment toward principal and interest will be approx $1,853, And you will pay $367,083 In interest over the life of your loan – plus the original $300,000.

The average interest rate on a 15-year mortgage is 5.56% today. Several factors must be considered when choosing between a Mortgages for 15 years and 30 years.

A 15-year mortgage comes with a lower interest rate than a 30-year term. This is great in the long run because you’ll pay off your loan 15 years earlier, meaning 15 fewer years to accrue interest.

However, your monthly payments will be higher because you’re squeezing out the same debt in half the time.

If you took out the same $300,000 15-year mortgage at 5.56%, your monthly payment would jump to $2,461. But you’ll just pay $142,946 In interest over the years.

How much house can I afford? Use our home affordability calculator.

with Adjustable rate mortgageYour price is fixed for a specific period of time and then increases or decreases periodically. For example, with a 5/1 ARM, the rate stays the same for the first five years, and then changes each year.

Adjustable rates typically start lower than fixed rates, but you run the risk of the rate going up once the introductory rate lock-in period ends. But an ARM can be a good fit if you plan to sell the home before the rate lock-in period expires — that way, you’ll pay a lower price without worrying about it rising later.

Recently, ARM rates have sometimes been similar to or higher than fixed rates. Before you commit to a fixed or adjustable rate mortgage, be sure to research the best lenders and rates. Some will offer adjustable rates that are more competitive than others.

Mortgage lenders usually grant Lowest mortgage rates For people with higher down payments, excellent credit scores, and low debt-to-income ratios. So, if you want a lower price, try to save more, Improve your credit scoreOr pay off some debt before you start shopping for homes.

You can also buy your interest rate permanently by paying Discount points When closing. A temporary interest rate reduction (as mentioned early in the article) is also an option – for example, you might get a 6.5% interest rate with a 2-1 interest rate reduction. Your interest rate will start at 4.5% for your first year, rise to 5.5% for your second year, and then stabilize at 6.5% for the rest of your studies.

Just think about whether these purchases are worth the extra money at closing. Ask yourself whether you will stay in the home long enough so that the amount you save at a lower price offsets the cost of purchasing at a lower price before making your decision.

Here are the interest rates for some of the most popular mortgage terms: According to Zillow data, the national average 30-year fixed rate is 6.28%, the 15-year fixed rate is 5.56%, and the 5/1 ARM rate is 6.52%.

The normal mortgage rate on a 30-year fixed loan is 6.28%. However, keep in mind that this is the national average based on Zillow data. The average may be higher or lower Depending on where you live in the United States

Mortgage rates are not expected to fall significantly before the end of the year while economists monitor inflation, tariffs and the Federal Reserve. In fact, the 30-year fixed rate is just eight basis points from this year’s low.