Mortgage and refinance interest rates today, Friday, October 30, 2026: Rates move lower after Fed holds rates steady

Compared with yesterday and last week, both purchase and refinance mortgage rates have fallen after the Fed decided to hold rates steady, according to Zillow rate data supplied to Yahoo Finance.

The average 30-year fixed purchase rate today, Friday, October 30, 2026, is 7.13%, down 2 basis points since yesterday and 3 basis points since last week. The 15-year fixed purchase rate is currently 6.53%, up 2 basis points from yesterday and down 17 basis points since last week. The 5/1 ARM is 6.80%, down 26 basis points from Thursday and 40 basis points since last week.

The average 30-year, 15-year, and 5/1 ARM refinance rates are also down significantly from last week — down 12, 14, and 26 basis points, respectively.

Read more: Weekly survey of mortgage lenders with the lowest rates: Lowest 3 lenders dip below 7%

Current mortgage rates

Here are the current purchase rates, according to the latest Zillow data, for Friday, October 30, 2026:

• 30-year fixed: 7.13%

• 20-year fixed: 6.92%

• 15-year fixed: 6.53%

• 5/1 ARM: 6.80%

• 7/1 ARM: 6.88%

• 30-year VA: 6.71%

• 15-year VA: 6.39%

• 5/1 VA: 6.38%

Current mortgage refinance rates

These are the latest refinance rates, according to the latest Zillow data, for Friday, October 30, 2026:

• 30-year fixed: 7.06%

• 20-year fixed: 6.77%

• 15-year fixed: 6.51%

• 5/1 ARM: 6.81%

• 7/1 ARM: 6.82%

• 30-year VA: 6.46%

• 15-year VA: 6.15%

• 5/1 VA: 6.14%

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:

Bookmark the Yahoo Finance mortgage payment calculator and keep it handy as you shop for homes and the best mortgage lenders.

How to get a low mortgage rate

The best mortgage lenders typically offer the lowest mortgage rates to borrowers with larger down payments, excellent credit scores, and low debt-to-income ratios. So, if you want a lower rate, try saving more, improving your credit score, or paying down some debt before you start shopping for homes.

Waiting for rates to drop probably isn’t the best method to get the lowest mortgage rate right now. If you’re ready to buy, focusing on your personal finances is probably the best way to lower your rate.

How to choose a mortgage lender

To find the best mortgage lender for your situation, apply for mortgage preapproval with three or four companies. Just be sure to apply to all of them within a short time frame — doing so will give you the most accurate comparisons and have less of an impact on your credit score.

When choosing a lender, don’t just compare interest rates. Look at the mortgage annual percentage rate (APR) — this factors in the interest rate, any discount points, and fees. The APR, which is also expressed as a percentage, reflects the true annual cost of borrowing money. This is probably the most important number to look at when comparing mortgage lenders.

Mortgage interest rates today: FAQs

What are Freddie Mac’s mortgage rates today?

According to Freddie Mac, the average 30-year mortgage rate was 7.24% through Wednesday, down from 7.32% a week earlier. A year ago, the average 30-year mortgage rate was 6.17%.

How low will mortgage rates go in 2026?

According to the latest forecasts, the MBA expects the 30-year mortgage rate to average 7.3% through the rest of 2026. Fannie Mae predicts a 30-year average rate of 7.4% through year-end.

How low could mortgage rates go by 2027?

Mortgage rates are likely to remain little changed in 2027. The MBA forecasts 30-year fixed rates of 7.2% and 7.1% for all of 2027. Fannie Mae is predicting average rates will be 7.5% throughout 2027.