Mortgage Rates Drop Slightly on June 29, 2026; Purchase Rates Remain Lower Than Refinance Rates
On Monday, June 29, 2026, mortgage rates for purchase loans dropped across multiple terms compared to refinance rates. The Zillow lender marketplace reported a decline in the average national rate for 30-year fixed-rate purchases by 13 basis points to 6.17%, while the corresponding refi rate remained higher at 6.26%. This trend was also observed with other loan types, including 5/1 ARM and VA loans.
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Topics: mortgage refinance rates Zillow data