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Mortgage and refinance rates mostly rise amid US Iran talks
The average 30-year fixed rate is at 6.59%, up 8 basis points from the prior day, while the 5/1 ARM edged higher to 6.52%.
Mortgage and refinance rates were mostly higher Tuesday, August 11, 2026, according to the Zillow lender marketplace, as President Trump said the United States is now low-keying negotiations with Iran.
The average 30-year fixed mortgage rate was 6.59%, an increase of 8 basis points versus Monday, while the 15-year fixed rate stood at 5.97%, down 4 basis points from the day before.
The 5/1 ARM rate rose to 6.52%, up 15 basis points from Monday, with rates presented as national averages rounded to the nearest hundredth.
The article notes that refinance rates are typically higher than purchase rates and describes how loan terms and down payments can affect mortgage pricing, using data provided via the Zillow Mortgage API.