Mortgage and refinance interest rates today, Monday, November 2, 2026: Purchase rates mostly higher than refinance rates

Purchase mortgage rates are mostly higher than refinance rates, according to Zillow rate data provided to Yahoo Finance.

Today, Monday, November 2, 2026, the 30-year fixed purchase rate is 7.10%, 4 basis points higher than the 30-year refinance rate. The 15-year fixed purchase rate is 6.45%, 3 basis points lower than the 15-year refinance rate. Finally, the 5/1 ARM purchase rate is 7.03%, 25 basis points higher than the 5/1 refi rate of 6.78%.

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

Today’s mortgage rates

Here are the current mortgage rates today, Monday, November 2, 2026, according to the latest Zillow data:

• 30-year fixed: 7.10%

• 20-year fixed: 6.83%

• 15-year fixed: 6.45%

• 5/1 ARM: 7.03%

• 7/1 ARM: 6.89%

• 30-year VA: 6.71%

• 15-year VA: 6.62%

• 5/1 VA: 6.38%

Today’s mortgage refinance rates

These are today’s mortgage refinance rates, Monday, November 2, 2026, according to the latest Zillow data:

• 30-year fixed: 7.06%

• 20-year fixed: 6.77%

• 15-year fixed: 6.48%

• 5/1 ARM: 6.78%

• 7/1 ARM: 6.79%

• 30-year VA: 6.67%

• 15-year VA: 6.15%

• 5/1 VA: 6.17%

Read more: Want to refinance your mortgage in 2026? Here’s what to do.

Mortgage payment calculator

Use the free Yahoo Finance mortgage calculator below to see how different terms and rates 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 looking only at principal and interest.

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

30-year mortgage rates today

Today’s average 30-year purchase mortgage rate is 7.10%.

For example, a $300,000 mortgage with a 30-year term and a 7.10% rate would have a monthly principal-and-interest payment of about $2,016, and you’d pay $425,795 in interest over the life of the loan.

15-year mortgage rates today

The average 15-year purchase mortgage rate is 6.45% today.

For example, a $300,000 mortgage with a 15-year term and a 6.45% rate would have a monthly principal and interest payment of $2,605. But you’d only pay $168,915 in interest over the life of the loan. That’s a sizable savings compared to the 30-year mortgage.

Learn more: How much house can I afford? Use our home affordability calculator.

How to get a low mortgage rate

Mortgage lenders typically offer the lowest mortgage rates to people with higher 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.

You can also buy down your interest rate permanently by paying for discount points at closing. A temporary interest rate buydown is also an option — for example, maybe you get a 6.25% rate with a 2-1 buydown. Your rate would start at 4.25% for year one, increase to 5.25% for year two, then settle in at 6.25% for the remainder of your term.

Just consider whether these buydowns are worth the extra money at closing. Ask yourself whether you’ll stay in the home long enough for the savings from a lower rate to offset the cost of buying down your rate before you decide.

Mortgage rates today: FAQs

Are mortgage rates expected to rise or fall the rest of this year?

According to the latest Mortgage Bankers Association (MBA) forecast, the 30-year fixed purchase rate will average 7.3% for the fourth quarter of 2026. Fannie Mae’s forecast puts the 30-year rate at an average of 7.4%.

Will mortgage rates rise or fall in 2027?

According to the same two forecasts, the MBA expects the 30-year average rate to range from 7.1% to 7.2%, and Fannie Mae predicts an average 30-year rate of 7.5%.

How do I get the lowest refinance rate?

In many ways, securing a low mortgage refinance rate is similar to buying your home. Try to improve your credit score and lower yourdebt-to-income ratio (DTI). Refinancing into a shorter term will also land you a lower rate, though your monthly mortgage payments will be higher.

Methodology

The interest rates provided by the Zillow Lender Marketplace are national averages rounded to the nearest hundredth. The rates featured in today’s daily rate article are current as of October 30, 2026, at 3:29 p.m. ET.