Zillow Reports 30‑Year Mortgage Rate Drops to 6.22%
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- Zillow reports the national average 30‑year fixed mortgage rate fell to 6.22% on April 4, 2026, a quarter‑point decline since the previous weekend.
- Zillow also shows the 15‑year fixed rate fell to 5.72%, down 18 basis points from last weekend.
- Zillow lists today’s refinance rates, with the 30‑year fixed refinance rate at 6.43%, which is higher than the purchase rate.
- Freddie Mac reports a 30‑year mortgage rate of 6.46% for the week, higher than Zillow’s figure, illustrating methodological differences.
- Fannie Mae forecasts the 30‑year rate to be just under 6% by year‑end, contrasting with current rates above 6%.
- MBA predicts the 30‑year mortgage rate will stay near 6.30% through 2026, according to March forecasts.
- Yahoo Finance provides a mortgage payment calculator for users to estimate monthly payments based on today’s rates.
Why it matters: Homebuyers and refinancers gain a modest rate cut that can shave dollars off monthly payments, while lenders face narrower spreads as rates stay above 6% despite forecasts of near‑6% later this year. The decline also narrows the gap between purchase and refinance rates, influencing decisions on whether to lock in a loan now.
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