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Getting multiple rate quotes can save you nearly $3,000* over the life of your loan.

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What are today's average mortgage rates?

Average mortgage rates nudged upward again yesterday. That means it’s been a week since they last fell. But don’t panic — yet. Thursday’s average would have been seen as a dream all-time low before May 15.

Still, the last week’s been a reminder that mortgage rates aren’t in the downward phase of a smooth and consistent trajectory. True, we hope to see further falls. But those are likely to be punctuated by unpredictable rises, some of which could be sustained and perhaps occasionally sharp.

Find and lock current rates. (May 30th, 2020)
Program Rate APR* Change
Conventional 30 yr Fixed 3.375 3.375 Unchanged
Conventional 15 yr Fixed 3 3 Unchanged
Conventional 5 yr ARM 4.375 3.438 Unchanged
30 year fixed FHA 2.5 3.478 Unchanged
15 year fixed FHA 2.75 3.694 Unchanged
5 year ARM FHA 3.75 3.754 Unchanged
30 year fixed VA 2.5 2.674 Unchanged
15 year fixed VA 2.75 3.076 Unchanged
5 year ARM VA 3.5 2.802 Unchanged
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

* Source: http://www.freddiemac.com/research/insight/20180417_consumers_leaving_money.page
1. Source: Freddie Mac
2. Advertising disclosure: we receive advertising revenue from some partners.

Verify your new rate (May 30th, 2020)

Mortgage and refinance rates by state