India, Aug. 18 -- Mortgage rates today are slightly lower for home buyers than for people refinancing their loans. According to rates from the Zillow lender marketplace, the average 30-year fixed purchase mortgage rate is 6.54% on Monday, August 17, 2026. That is 5 basis points lower than the 30-year refinance rate of 6.59%.

The average 15-year fixed purchase mortgage rate is 5.86% today. This is 2 basis points lower than the 15-year refinance rate of 5.88%, according to Zillow data cited by Yahoo Finance. The 5/1 adjustable-rate mortgage (ARM) is also cheaper for buyers than refinancers. The average 5/1 ARM purchase rate is 6.24%, compared with 6.44% for refinancing, a difference of 20 basis points, according to Zillow.

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