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. Mortgage rates edged down this week, snapping a six-week streak of gains, after weak jobs data and signs of cooling inflation lowered the odds that the Federal Reserve will hike benchmark interest rates next month.
The average 30-year mortgage rate was 6.67% this week through Wednesday, according to Freddie Mac data, from 6.69% a week earlier. The 10-year Treasury yield, which mortgage rates closely track, was little changed this week after new data showed that the US unexpectedly lost jobs in July and annual inflation cooled slightly, in line with economists' expectations. The combination of a weakening job market and easing inflation lessens pressure on the Fed to raise interest rates at its September meeting.
The Fed doesn't directly control mortgage rates, but expectations about its policy decisions can influence them. "The latest jobs and inflation data took some pressure off mortgage rates and gave the Fed room to pause," Kara Ng, senior economist at Zillow, said in a statement. "But with Zillow forecasting mortgage rates only falling to 6.5% by year end, elevated borrowing costs are likely to slow housing activity in the second half." Read more: Discover the best mortgage refinance lenders Here are the current purchase mortgage rates for today, Thursday, August 13, 2026, according to the latest Zillow data: Remember, these are the national averages and rounded to the nearest hundredth.
Read more: Here are 8 strategies for getting the lowest mortgage rate possible. Here are the current refinance mortgage rates for today, Thursday, August 13, 2026, according to the latest Zillow data: As with mortgage rates for purchase, these are national averages that we've rounded to the nearest hundredth. Refinance rates can be higher than purchase mortgage rates, but that isn't always the case.
Use the mortgage calculator below to see how various mortgage rates will impact your monthly payments. This embedded content is not available in your region. You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and lenders.
Be sure to use the dropdown to include private mortgage insurance costs and HOA dues if they apply to you. These monthly expenses, along with your mortgage principal and interest rate, will give you a realistic idea of what your monthly payment could be. A mortgage interest rate is the fee charged by a lender for borrowing money, expressed as a percentage.
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