Fortune reports 30-year fixed mortgage refinance rate at 6.38 percent

6 articles · Updated · Fortune · Apr 29

The 6.38% average rate, cited by Fortune on April 29, 2026, is based on Zillow data reviewed as of April 28.
Despite Federal Reserve rate cuts in late 2024, mortgage rates have remained elevated, with most homeowners holding loans below 6% and many feeling locked in by higher rates.
Rates rose again in March 2026 after Operation Epic Fury in Iran and a spike in gas prices, while refinancing costs typically range from 2% to 6% of the loan amount.

How might the ongoing conflict in Iran shape mortgage rates for the rest of 2026?

Are millions of homeowners now 'trapped' in their homes by low mortgage rates?

Is now the right time to refinance, or is a bigger rate drop around the corner?

Could today's higher mortgage rates actually be preventing a new housing market bubble?

How can homeowners tap into equity without losing their ultra-low mortgage rate?