Home Loan and Refinance Rates Today (April 12, 2026): Rates Are Lower Than Last Weekend

 Good news for people who want to buy a house. This weekend, mortgage rates are lower than they were last weekend. According to Zillow, the average rate for a 30-year fixed mortgage is now 6.15%. This is a small drop compared to last week. The 15-year fixed mortgage rate is now 5.64%, which is also lower.

Here are the latest average mortgage rates in simple terms:

• 30-year fixed: 6.15%
• 20-year fixed: 5.97%
• 15-year fixed: 5.64%
• 5/1 ARM: 6.44%
• 7/1 ARM: 6.36%
• 30-year VA: 5.73%
• 15-year VA: 5.38%
• 5/1 VA: 5.58%

These numbers are average rates across the country, and they are rounded slightly.

Now, let’s look at refinance rates (when you replace your current home loan with a new one). These rates are usually a bit higher, but not always.

Here are today’s refinance rates:

• 30-year fixed: 6.26%
• 20-year fixed: 6.21%
• 15-year fixed: 5.74%
• 5/1 ARM: 6.39%
• 7/1 ARM: 6.76%
• 30-year VA: 5.44%
• 15-year VA: 5.25%
• 5/1 VA: 5.21%

Again, these are national averages and may be different depending on your location and credit score.

In simple words, mortgage rates have gone down a little, which is good for buyers. If you are planning to buy a home or refinance your loan, this could be a good time to check your options. You can also use a mortgage calculator to see how different rates and loan terms will change your monthly payment.

Related Quarries: 

What are current mortgage rates this weekend?

How do 30-year and 15-year mortgage rates compare?

What factors help borrowers get lower mortgage rates?

How should borrowers choose the right mortgage lender?