Overview
- National trackers place the 30-year fixed near the low-6% range, with CBS at 6.13% and Zillow/U.S. News at 6.352%.
- Refinance quotes have improved, with a 30-year refi around 6.53% on CBS and 6.437% on U.S. News, and 15-year refis near 5.5% to 5.64%.
- The drop follows a ceasefire between the U.S. and Iran that eased oil prices and Treasury yields, which directly influence mortgage pricing.
- The Federal Reserve has signaled no hurry to cut its policy rate, so recent gains could fade if inflation or global news pushes yields back up.
- Published rates are national averages that vary by lender and borrower profile, so experts urge shoppers to compare multiple offers and review full loan estimates.