Zillow Puts 30-Year Mortgage Rate at 6.25% and 15-Year at 5.75%

4 articles · Updated · CBS New York · May 11

Zillow said May 11 average purchase mortgage rates were 6.25% for a 30-year loan and 5.75% for a 15-year loan, both slightly below recent days.
Those averages still sit above the 5.99% and 5.50% levels cited earlier this month, leaving borrowers focused on Tuesday's inflation report for clues on whether rates can fall further.
Refinance rates were higher on 30-year loans at 6.57% and 5.59% on 15-year terms, with savings depending on whether borrowers can cut their existing rate enough to offset closing costs.
Zillow said borrowers may still secure rates about 50 basis points below average by shopping lenders or paying points, extending an improvement from May 2025 and May 2024.

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