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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 rose yesterday. Normally such a rise would be classed as sharp. But in the current volatility it barely counts as moderate. So far this week, movements have canceled themselves out. And this morning, those rates are adjacent to where they were on Monday morning, which is low by most standards.

In theory, the Federal Reserve’s interventions in the mortgage-bond market should have moderated yesterday’s rise. But taming such a wild and bucking entity isn’t easy. So, while we’re again predicting a quiet day for mortgage rates, with just modest or moderate movements around the neutral line, there are no guarantees.

Program Rate APR* Change
Conventional 30 yr Fixed 3.563 3.563 +0.06%
Conventional 15 yr Fixed 3.375 3.375 -0.63%
Conventional 5 yr ARM 3.5 3.5 Unchanged
30 year fixed FHA 2.75 3.73 Unchanged
15 year fixed FHA 3.25 4.198 +0.13%
5 year ARM FHA 3.5 3.706 +0.05%
30 year fixed VA 3.063 3.242 Unchanged
15 year fixed VA 3.5 3.833 +0.25%
5 year ARM VA 3.25 2.767 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:
1. Source: Freddie Mac
2. Advertising disclosure: we receive advertising revenue from some partners.

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Mortgage and refinance rates by state