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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 inched lower last Friday. So these rates are now back down to their lowest level in several months. And are tantalizingly close to the all-time low.

First thing, it was looking as if mortgage rates might hold steady or fall modestly today. CNBC puts that down to “investor attention focused on the Federal Reserve two-day monetary policy meeting this week” (more on that below). But markets are fickle at the moment. So there’s no guarantee that movements early in the day will continue through the coming hours.

Find and lock a low rate (Jul 27th, 2021)

Current mortgage and refinance rates 

Program Mortgage Rate APR* Change
Conventional 30 year fixed
Conventional 30 year fixed 2.701% 2.701% -0.01%
Conventional 15 year fixed
Conventional 15 year fixed 1.99% 1.99% Unchanged
Conventional 20 year fixed
Conventional 20 year fixed 2.375% 2.375% Unchanged
Conventional 10 year fixed
Conventional 10 year fixed 1.851% 1.883% Unchanged
30 year fixed FHA
30 year fixed FHA 2.594% 3.246% -0.04%
15 year fixed FHA
15 year fixed FHA 2.4% 3% +0.12%
5/1 ARM FHA
5/1 ARM FHA 2.5% 3.207% -0.01%
30 year fixed VA
30 year fixed VA 2.25% 2.421% Unchanged
15 year fixed VA
15 year fixed VA 2.125% 2.445% Unchanged
5/1 ARM VA
5/1 ARM VA 2.5% 2.386% -0.01%
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 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 (Jul 27th, 2021)

Mortgage and refinance rates by state