Mortgage and refinance rates today, Monday, July 13, 2026: Purchase rates back lower than refi rates
Mortgage and refinance rates today, Monday, July 13, 2026: Purchase rates back lower than refi rates.
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 rates from the Zillow lender marketplace, current purchase rates are now lower than refinance rates.
The current 30-year fixed-rate purchase loan is 8 basis points lower at 6.44% . The 15-year fixed-rate purchase is 7 basis points lower at 5.82% . Finally, the 5/1 ARM purchase is 12 basis points lower today at 6.43% .
Read more: Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates today, Monday, July 13, 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, Monday, July 13, 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.
Learn more: Read about the best mortgage refinance lenders right now
You can use the free Yahoo Finance mortgage calculator below to play around with how different terms and rates will affect your monthly payment. Our calculator considers factors like 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 mortgage principal and interest.
You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and the best mortgage lenders .
Today's average 30-year mortgage rate 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 relatively low.
If you had a $300,000 mortgage with a 30-year term and a 6.34% rate, for example, your monthly payment toward the principal and interest would be about $1,864.75 , and you'd pay $371,309 in interest over the life of the loan.
The average 15-year mortgage rate is 5.82% today. Several factors must be considered when deciding between a 15-year and 30-year mortgage .
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 compound.
However, your monthly payments will be higher because you're squeezing the same debt payoff into half the time.
If you get that same $300,000 mortgage with a 15-year term and a 5.90% rate, for example, your monthly payment would jump to $2,515.39 . But you'd only pay $152,770 in interest over the life of the loan. That's a sizable savings.
