Mortgage Rates Drop on July 30, 2026
On Thursday, July 30, 2026, mortgage rates in the U.S. saw a decline across several loan types according to Zillow data. The average 30-year fixed-rate mortgage dropped by four basis points to 6.65%, while the 15-year rate remained unchanged at 6.07%. Notably, the 5/1 adjustable-rate mortgage (ARM) fell sharply by 41 basis points to 6.58% compared to Wednesday's rates. Refinance rates also showed a mixed trend but generally followed similar patterns as purchase mortgages. The national averages for refinance options included a 30-year fixed rate of 6.65%, and the VA loan categories saw slight variations between purchase and refinance offerings. These changes reflect ongoing shifts in mortgage markets influenced by broader economic conditions. Consumers are advised to use tools like Zillow's mortgage calculator to understand how these rates affect their monthly payments, including principal, interest, taxes, insurance, and other fees.
Topics: finance housing interest rates