Mortgage Rates Increase: 30-Year Fixed at 6.42% Today

AI Summary

Mortgage rates have increased today compared to last week, with the 30-year fixed rate climbing 7 basis points to 6.42%. The 15-year fixed rate is now at 5.79%, a rise of 1 basis point, while the 5/1 ARM rose by 40 basis points to 6.70%. Additionally, the 30-year VA rate stands at 5.88%. These national averages, reported by Zillow, reflect ongoing trends in the mortgage market, potentially impacting housing affordability and refinancing decisions.