Mortgage and refinance interest rates today, Sunday, July 12, 2026: Mostly down from last week
Mortgage and refinance interest rates today, Sunday, July 12, 2026: Mostly down from last week.
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According to rates from the Zillow lender marketplace, mortgage rates are mostly lower compared to last week. The current 30-year fixed rate rose by 4 basis points to 6.44% . The 20-year fixed fell by 8 basis points to 6.21% . The 15-year fixed declined by 4 basis points to 5.86%, and the 5/1 ARM fell by 8 basis points to 6.21% .
Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates today, Sunday, July 12, 2026 , according to the latest Zillow data:
Remember, these are the national averages and are rounded to the nearest hundredth.
Read more: Discover 8 strategies for getting the lowest mortgage rates
These are today's mortgage refinance rates, Sunday, July 12, 2026 , according to the latest Zillow data:
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.
Read more: Learn whether now is a good time to refinance your mortgage
Use the mortgage calculator below to see how various mortgage terms and interest rates will impact your monthly payments.
You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use. It also considers factors like property taxes and homeowners insurance when determining your estimated monthly mortgage payment. This gives you a more realistic idea of your total monthly payment than if you just looked at mortgage principal and interest.
The average 30-year mortgage rate today is 6.44% . A 30-year term is the most popular type of mortgage because by spreading out your payments over 360 months, your monthly payment is lower than with a shorter-term loan.
The average 15-year mortgage rate is 5.82% today. When deciding between a 15-year and a 30-year mortgage , consider your short-term versus long-term goals.
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 sooner, and that's 15 fewer years for interest to accumulate. But the trade-off is that your monthly payment will be higher as you pay off the same amount in half the time.
Let's say you get a $300,000 mortgage . With a 30-year term and a 6.41% rate, for example, your monthly payment toward the principal and interest would be about $1,878.48, and you'd pay $376,254 in interest over the life of your loan — on top of that original $300,000.
If you get that same $300,000 mortgage with a 15-year term and a 5.80% rate, for example, your monthly payment would jump to $2,499.27. But you'd only pay $149,869 in interest over the years.
With a fixed-rate mortgage , your rate is locked in for the entire life of your loan. You will get a new rate if you refinance your mortgage, though.
An adjustable-rate mortgage keeps your rate the same for a predetermined period. Then, the rate will go up or down depending on several factors, such as the economy, and the maximum amount your rate can change according to your contract. For example, with a 7/1 ARM, your rate would be locked in for the first seven years, then change every year for the remaining 23 years of your term.
