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What are today's average mortgage rates?

The 10-year Treasury yield came in at 5.106% early Thursday, down 8.4 basis points from the previous session’s close of 5.19%, according to CNBC. That drop could give mortgage borrowers some relief, but it does not confirm lenders have lowered rates today.

Freddie Mac’s 30-year fixed mortgage average came in at 7.4% for the survey week of Oct. 8, up 12 basis points from 7.28% the prior week. That older weekly benchmark is not today’s lender quote; borrowers will need fresh quotes to see whether the Treasury decline translates into lower mortgage pricing.

Wherever rates stand when you read this, see if refinancing makes sense or tapping home equity is prudent. For home buyers, explore expert advice for 2026 and check if you qualify for financial assistance programs or more flexible loan options.

Current mortgage and refinance rates

Find your lowest rate. Start here
ProgramMortgage RateAPR*Change
Conventional 30-year fixed
Conventional 30-year fixed7.504% 7.576% +0.04
Conventional 20-year fixed
Conventional 20-year fixed7.301% 7.413% -0.03
Conventional 15-year fixed
Conventional 15-year fixed6.823% 6.953% +0.02
Conventional 10-year fixed
Conventional 10-year fixed6.696% 6.807% -0.07
30-year fixed FHA
30-year fixed FHA7.23% 7.274% Unchanged
30-year fixed VA
30-year fixed VA7.18% 7.242% -0.04
5/1 ARM Conventional
5/1 ARM Conventional6.85% 6.591% -0.29
Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here.

What’s a mortgage rate?

A mortgage rate is the rate of interest charged by a mortgage lender. Mortgage rates can be either fixed (it stays the same for the term of the loan) or variable (the rate will adjust at some point during the term of the loan). Mortgage rates are determined by the lender and can vary depending on your unique situation — your credit score, loan term, and downpayment can all affect your mortgage rate.1

Why compare mortgage rates?

The more lenders you compare when shopping for mortgage rates, the more likely you are to get the lowest interest rate available for you. Getting a lower interest rate could save you hundreds of dollars over a year of mortgage payments — and thousands of dollars over the life of the loan. Yes, it definitely pays to shop around.2

* Source: https://www.freddiemac.com/research/insight/20230216-when-rates-are-higher-borrowers-who-shop-around-save
1. Source: Freddie Mac
2. Advertising disclosure: we receive advertising revenue from some partners.

Mortgage and refinance rates by state