Mortgage Rates Today April 29, 2026: 30-Year Fixed Holds Steady Before Fed Decision

Mortgage rates in the U.S. are showing only small movements as markets wait for the latest decision from the Federal Reserve. The 30-year fixed mortgage rate remains just above 6.10%, holding steady after slight changes earlier in the week.

According to data from Zillow, the average 30-year fixed rate is now 6.12%, slightly lower than the previous day. While rates have moved up and down recently, they are still notably lower than where they started at the beginning of April.

Current Mortgage Rates (April 29, 2026)

Here are the latest national average mortgage rates:

• 30-year fixed: 6.12%
• 20-year fixed: 5.97%
• 15-year fixed: 5.60%
• 5/1 adjustable-rate mortgage (ARM): 6.30%
• 7/1 ARM: 6.24%
• 30-year VA loan: 5.67%
• 15-year VA loan: 5.39%
• 5/1 VA loan: 5.41%

These rates are averages and may vary depending on your financial profile and lender.

Current Refinance Rates

Refinance rates are also relatively stable, with slight differences across loan types:

• 30-year fixed refinance: 6.13%
• 20-year fixed refinance: 5.89%
• 15-year fixed refinance: 5.67%
• 5/1 ARM refinance: 5.89%
• 7/1 ARM refinance: 5.73%
• 30-year VA refinance: 5.56%
• 15-year VA refinance: 5.19%
• 5/1 VA refinance: 5.13%

Refinance rates are often similar to or slightly higher than purchase rates, depending on market conditions.

Why Mortgage Rates Are Stable Right Now

Mortgage rates are closely tied to broader economic factors such as inflation, bond yields, and expectations around Federal Reserve policy.

With the Fed expected to keep interest rates unchanged, mortgage rates are showing limited movement. Markets are waiting for clear signals about future policy before making bigger adjustments.

In addition, recent trends show that rates have come down slightly from their peak at the end of March, when they approached 6.50%.

30-Year vs 15-Year Mortgage: Key Differences

Choosing between a 30-year and 15-year mortgage depends on your financial situation and long-term goals.

30-Year Fixed Mortgage

• Lower monthly payments
• More predictable costs over time
• Higher total interest paid

Because payments are spread over a longer period, this option is more affordable month-to-month.

15-Year Fixed Mortgage

• Lower interest rate
• Faster loan payoff
• Lower total interest cost

However, monthly payments are higher because the loan is repaid in half the time.

For some borrowers, choosing a 30-year loan and making extra payments can offer a balance between flexibility and savings.

Adjustable-Rate Mortgages (ARMs)

Adjustable-rate mortgages work differently from fixed loans. They offer a fixed rate for an initial period, then adjust based on market conditions.

For example:

• A 5/1 ARM has a fixed rate for five years
• After that, the rate adjusts annually

ARMs may start with lower rates, but they carry the risk of future increases. Recently, some ARM rates have been similar to or even higher than fixed rates, so it is important to compare options carefully.

How to Get a Lower Mortgage Rate

If you want to secure a better rate, consider these steps:

• Improve your credit score
• Reduce your debt-to-income ratio
• Save for a larger down payment
• Compare offers from multiple lenders

You can also consider refinancing into a shorter loan term or using discount points to reduce your rate.

Common Questions About Mortgage Rates

What is today’s 30-year mortgage rate?
The national average is around 6.12%, based on recent data.

Are mortgage rates falling?
Rates have declined slightly from recent highs but remain above 6%.

How can I get a lower refinance rate?
Improving your credit, lowering debt, and choosing a shorter loan term can help reduce your rate.

What to Watch Next

The next major factor for mortgage rates will be signals from the Federal Reserve. If inflation slows and economic conditions improve, rates could move lower over time.

However, if inflation remains elevated, rates may stay near current levels for longer.

Final Outlook

Mortgage rates are currently stable, with only small daily changes. The 30-year rate remains close to 6%, offering some consistency for buyers and homeowners.

For now, the best approach is to focus on affordability, compare lenders, and choose a loan structure that fits your long-term financial plan. For direct financing consultations or mortgage options for you visit 👉 Nadlan Capital Group.