Mortgage and refinance interest rates today, Friday, July 10: Rates are mixed today, mostly higher

Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure. According to the Zillow lender marketplace, the average 30-year fixed-rate mortgage rose by 12 basis points to 6.

47% today, Friday, July 10, 2026. The average 15-year fixed rate fell by 3 basis points to 5.86%.

The average 5/1 ARM rose by 11 basis points to 6.46%. Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher Current mortgage rates Here are the current purchase rates, according to the latest Zillow data, for Friday, July 10, 2026: 30-year fixed: 6.

47% 20-year fixed: 6.39% 15-year fixed: 5.91% 5/1 ARM: 6.

46% 7/1 ARM: 6.49% 30-year VA: 5.90% 15-year VA: 5.

57% 5/1 VA: 5.59% Remember, these are national averages and have been rounded to the nearest hundredth. Current mortgage refinance rates These are the latest refinance rates, according to the latest Zillow data, for Friday, July 10, 2026: 30-year fixed: 6.

47% 20-year fixed: 6.29% 15-year fixed: 5.84% 5/1 ARM: 6.

54% 7/1 ARM: 6.67% 30-year VA: 5.75% 15-year VA: 5.

54% 5/1 VA: 5.44% 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: Dig deeper into the 7 home refinance options Free mortgage calculator Your mortgage rate plays a large role in how much your monthly payment will be. Use this mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments: Payment breakdown Amortization Mortgage payment calculator Home price Down payment Down Payment: This is the part of your home's purchase price that you pay upfront, not covered by your loan. The amount you pay as a down payment can influence your mortgage interest rate.

Generally, larger down payments result in lower interest rates, as lenders see these as a sign of strong financial commitment. Loan term Loan Term: This refers to the duration over which you will repay your loan, typically measured in years. Opting for a longer loan term can reduce your monthly payments by spreading them out over a greater number of years, whereas shorter loan terms generally lead to higher monthly payments.

30-year fixed Interest rate Interest Rate: This is the annual cost you incur for borrowing money, expressed as a percentage of the loan amount. It represents the fee you pay each year to the lender for your loan. Data is provided as-is via the Zillow Mortgage API © Zillow, Inc.

, 2024. Use is subject to the Zillow Terms of Use. Interest rate provided via Enter Taxes, insurance and HOA fees Property tax /month Homeowners insurance /month Private mortgage insurance /month HOA fees /month Mortgage payment breakdown 81% Principal & interest 13% Property tax 6% Homeowners insurance 0% Private mortgage insurance 0% HOA fees Monthly total $2,624 81% Principal & interest $2,120 13% Property tax /month 6% Homeowners insurance /month Taxes, insurance, HOA fees 0% Private mortgage insurance /month 0% HOA fees /month See rates at top mortgage lenders Advertiser Disclosure Check rates Check rates Check rates You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and lenders.

How mortgage interest rates work A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. You can choose from two types of rates: fixed or adjustable. A fixed-rate mortgage locks in your rate for the entire life of your loan.

For example, if you obtain a 30-year mortgage with a 6% interest rate, your rate will remain at 6% for the entire 30-year term unless you refinance or sell. An adjustable-rate mortgage locks in your rate for a predetermined period and then adjusts it periodically. Let's say you get a 7/1 ARM with an introductory rate of 6%.

Your rate would be 6% for the first seven years, then the rate would increase or decrease once per year for the last 23 years of your term. Whether your rate goes up or down depends on several factors, such as the economy and housing market. At the beginning of your mortgage term, most of your monthly payment goes toward interest.

Your monthly payment toward mortgage principal and interest stays the same throughout the years. However, less and less of your payment goes toward interest, and more goes toward the mortgage principal or the amount you originally borrowed. Read more: Determine whether an adjustable-rate vs.

fixed-rate mortgage is better for you Which mortgage term length should you get? A 30-year fixed-rate mortgage is a good choice if you want a lower mortgage payment and the predictability that comes with having a fixed rate. Just know that your rate will be higher than if you choose a shorter term, and you will pay significantly more in interest over the years.

You may want to consider a 15-year fixed-rate mo