Mortgage Rates Hit 6.13% on April 28, 2026 as 30-Year Fixed Loans Rise
Mortgage rates for 30-year home loans rose to 6.13% on April 28, 2026, the highest daily rate in two weeks. Refinancing rates also increased to 6.68% for 30-year loans, while 15-year mortgages dropped to 5.53%.
Mortgage rates climbed on Tuesday as the average 30-year fixed rate reached 6.13%, according to Zillow data. This marks the highest daily rate since April 14, 2026.
Homeowners looking to refinance face even steeper costs, with 30-year refinance rates hitting 6.68%. The gap between new purchase loans and refinancing has widened as lenders charge more for refinance deals.
There was one bright spot for borrowers: 15-year mortgage rates fell to 5.53%, the lowest level since April 21. These shorter loans offer lower rates but require higher monthly payments since the loan term is half as long.
The rate changes affect millions of Americans shopping for homes or considering refinancing. Each 0.1% increase in mortgage rates typically prices out thousands of potential buyers from the housing market.
Higher mortgage rates mean bigger monthly payments for new homebuyers and make refinancing more expensive for current homeowners. A rate increase from 6% to 6.13% adds about $8 per month on a $300,000 loan.
Mortgage rates change daily based on bond market activity and Federal Reserve policy. Watch for weekly rate trends and economic data releases.
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