Today’s average interest rate on a 30-year purchase mortgage is 6.409%, according to Zillow data provided to U.S. News. That’s essentially unchanged compared with yesterday, when rates were 6.406%. For refinancing mortgages, today’s 30-year rate is 6.586%, and the current 15-year rate is 5.622%.

Interest rates on home loans have risen since the beginning of the U.S. war in Iran. The Middle East conflict has put upward pressure on oil prices, which can make other items more expensive to manufacture and transport. The March consumer price index report released Friday found that inflation rose 3.3% year over year, which is the fastest pace since April 2024.