US 30-year mortgage rate at 6.54%, most rates down

Mortgage rates in the United States are mostly lower than last week, according to the latest data from Zillow's lender marketplace. The 30-year fixed mortgage rate stands at 6.54%, up 3 basis points from last week. The 15-year fixed rate is 5.86%, down 15 basis points, and the 5/1 adjustable-rate mortgage (ARM) is 6.24%, down 13 basis points. These are national average rates rounded to the nearest hundredth.

For homeowners looking to refinance, rates are slightly higher on some terms. The 30-year fixed refinance rate is 6.59%, while the 15-year fixed refinance is 5.88%. The 5/1 ARM refinance rate is 6.44%. Hindustan Times reports that lenders typically offer the best rates to borrowers with higher credit scores, larger down payments, and lower debt-to-income ratios.