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Did you know, on the average, a 0.1% difference in loans can save you nearly $5000 over the life of a loan?

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What are today's average mortgage rates?

Happy Valentine’s Day! (Of course you didn’t forget.) Mortgage rates won’t break your heart today, but they won’t make you fall in love, either.

Average mortgage rates were mixed, but the 30-year fixed rate (the most popular choice) rose on easing coronavirus fears. See more on that below.

»RELATED: Will Mortgage Rates Go Down In Feb 2020? Forecast and Trends

So mortgage rates today look likely to hold steady or just inch either side of the neutral line. But, as always, events may overtake that prediction.

Program Rate APR* Change
Conventional 30 yr Fixed 3.813 3.813 +0.06%
Conventional 15 yr Fixed 3.688 3.688 Unchanged
Conventional 5 yr ARM 3.75 3.943 Unchanged
30 year fixed FHA 3.5 4.486 -0.06%
15 year fixed FHA 3.438 4.386 -0.06%
5 year ARM FHA 3.688 4.549 +0.17%
30 year fixed VA 3.125 3.305 -0.06%
15 year fixed VA 3.063 3.391 Unchanged
5 year ARM VA 3.25 3.582 -0.02%
Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here.

* 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

1. Source: Freddie Mac
2. Advertising disclosure: we receive advertising revenue from some partners.

Verify your new rate (Feb 16th, 2020)

Mortgage and refinance rates by state