Mortgage & refinance interest rates today, Tuesday, July 14, 2026: Rates mixed this morning
Mortgage & refinance interest rates today, Tuesday, July 14, 2026: Rates mixed this morning.
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According to the Zillow lender marketplace, the average 30-year fixed rate is 6.42% today, Tuesday, July 14, 2026 , down 2 basis points since yesterday. The 15-year fixed loan is currently at 5.92% , 10 basis points higher than yesterday. The 5/1 ARM is 6.57% , 14 basis points higher than on Monday.
Weekly survey of mortgage lenders with the lowest rates: Rates bubble higher
Here are the current mortgage rates, according to our latest Zillow data, for Tuesday, July 14, 2026:
Remember that these are the national averages and are rounded to the nearest hundredth.
These are the current mortgage refinance rates, according to the latest Zillow data for Tuesday, July 14, 2026:
Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates.
A mortgage calculator can help you see how various mortgage term lengths and interest rates will affect your monthly payments. Use this mortgage calculator to explore different outcomes.
You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and lenders. It also considers factors like property taxes and homeowners insurance when calculating your estimated monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at the mortgage principal and interest.
Generally, 15-year mortgage rates are lower than those for 30-year mortgages. When comparing 15- versus 30-year mortgage rates , know that the shorter term will save you money on interest in the long run. However, your monthly payments will be higher because you're paying off the same loan amount in half the time.
For example, with a $400,000 mortgage with a 30-year term and a 6.19% rate, you'll make a monthly payment of about $2,447.28 toward your mortgage principal and interest. As interest accumulates over decades, you'll end up paying $481,021 in interest.
If you get a $400,000 15-year mortgage with a 5.65% rate, for example, you'll pay about $3,300.26 monthly toward your principal and interest. However, you'll only pay $194,047 in interest over the years.
If that 15-year mortgage payment is too high, remember you can always make extra payments on your 30-year loan to pay it off faster and ultimately pay less interest.
With a fixed-rate mortgage , your rate is locked in from day one. However, you will get a new rate if you refinance your mortgage.
An adjustable-rate mortgage keeps your rate the same for a specified period. Then, the rate will increase or decrease 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 adjust annually for the remainder of your term.
Adjustable rates sometimes start lower than fixed rates, but once the initial rate-lock period ends, you risk your interest rate going up. ARM rates have also been starting higher than fixed rates recently, so you may not always get a rate break.
Learn more: Determine how to choose between an adjustable-rate vs. fixed-rate mortgage
According to the latest forecasts, the MBA expects the 30-year mortgage rate to be near 6.50% through 2026. Fannie Mae predicts a 30-year average rate of 6.4% for the rest of the year.
