Mortgage Rates Remain Unchanged Despite Government Shutdown

Published: 09 Oct 2025

Author: Precedence Research

Share :

Mortgage rates are holding steady, according to the latest data from Zillow. The average 30-year fixed mortgage rate has decreased by one basis point to 6.27%, while the 15-year fixed rate remains unchanged at 5.58%. However, the government shutdown may further impact mortgage rates depending on what comes next. The government is not releasing economic data, such as job reports, which likely affect mortgage rates.

The Current Mortgage Rates for Home Purchases are as follows (the following numbers are rounded to the nearest hundredth, and they are national averages)

30-year fixed: 6.27% 
20-year fixed: 5.93% 
15-year fixed: 5.58% 
5/1 ARM: 6.64% 
7/1 ARM: 6.32% 
30-year VA: 5.77% 
5-year VA: 5.32% 
5/1 VA: 5.41%

Current Refinance Rates are as follows (rounded to the nearest hundredth and these are national averages)

30-year fixed: 6.48% 
20-year fixed: 6.02% 
15-year fixed: 5.79% 
5/1 ARM: 6.98% 
7/1 ARM: 7.70% 
30-year VA: 6.00%
15-year VA: 5.85% 
5/1 VA: 5.26%

Generally, 15-year mortgage rates are lower than 30-year mortgage rates because a shorter term will result in lower payments in the foreseeable future, although current payments will be higher. For example, a mortgage rate of $400 with a 6.27% rate for a 30-year term; the monthly payment would be $2,468, including interest, for the principal amount. A similar amount mortgage rate with a 5.58% interest rate would result in a monthly payment of nearly $3,285, with a total interest paid of $191,361.

A key difference between fixed and adjustable mortgage rates is that a fixed-rate mortgage locks in the interest rate for the life of the loan, although borrowers can obtain a new rate by refinancing. In contrast, an adjustable-rate mortgage (ARM) remains fixed only for an initial period, after which the rate adjusts periodically based on factors like the loan’s terms and prevailing economic conditions.

Economists do not expect major changes in mortgage rates before the end of 2025. In 2024, when the central bank announced a 50-basis-point rate cut, the rates moved downward from early August to September 2024. Rates may remain lower in 2026, but any changes could be relatively insignificant, depending on the economy, Fed rules, and the inflation rate.