Mortgage rates in the United States are showing signs of stability, with forecasts suggesting a slight decrease in 2026. According to recent data, the average 30-year fixed mortgage rate is holding steady around 6.11%, while the 15-year fixed rate has seen a minor increase to 5.52%.
Key Mortgage Rate Trends
- 30-Year Fixed: Averaging around 6.11%
- 15-Year Fixed: Currently at 5.52%
Realtor.com's annual housing forecast indicates that the average 30-year mortgage rate is expected to remain near 6.3% in 2026, a slight dip from the 6.6% average in 2025. This provides some optimism for potential homebuyers.
Refinance Rates
Refinance rates are also being closely monitored. The current average refinance rate for a 30-year fixed mortgage is 6.27%, according to Zillow data. Homeowners looking to refinance for a better rate or to tap into home equity should pay attention to these figures.
Current Refinance Rates:
- 30-Year Fixed: 6.18%
- 15-Year Fixed: 5.65%
It's important to remember that these are national averages. Individual rates can vary based on credit score, loan amount, and other factors. Consulting with a mortgage professional is always recommended.
Ghanaian Perspective
While these rates are specific to the United States, understanding global trends can provide valuable context for the Ghanaian housing market. Keeping an eye on international interest rate movements can help inform decisions related to property investment and financing in Ghana.