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Story summary
- As of April 7, 2026, the average 30-year mortgage rate is 6.41% and the 15-year rate is 5.93%.
- The refinance rate for a 30-year mortgage stands at 6.83% and the 15-year rate is 5.68%.
- Economic challenges, including the conflict in Iran, have affected financial markets and contributed to rate volatility.
- Homeowners with rates above 7% may benefit from refinancing.
- Shopping around for mortgage offers can yield $600 to $1,200 annually.
