Current Mortgage Rates Today
Last updated:
Today's National Averages
| Loan Type | Rate | APR | Monthly P&I* |
|---|---|---|---|
| 30-Year Fixed | 7.12% | 7.19% | $1,348 |
| 15-Year Fixed | 6.45% | 6.53% | $1,742 |
| FHA 30-Year | 6.89% | 7.02% | $1,287 |
| VA 30-Year | 6.78% | 6.91% | $1,265 |
| Jumbo 30-Year | 7.28% | 7.35% | $2,047 |
*Payment example assumes a $200k loan amount and 20% down (except FHA=3.5%, VA=0%).
How We Track Rates
We poll 30+ national lenders each business day at 11:00 a.m. ET. Rates shown assume a 740 credit score and 0.5 points. Your actual rate will vary based on credit, loan size, property type, and location.
Will Rates Go Up or Down?
No one can guarantee future rates, but you can watch the 10-Year Treasury—mortgage rates typically move in the same direction. When bond yields drop, mortgage rates usually follow within 1–2 weeks.
Lock or Float?
- Lock if you’re 30 days from closing and you like today’s rate.
- Float if you have 45+ days and believe economic data will push rates lower.
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Start Custom QuoteRecent Rate Trends
Rates have risen ~0.25% since last month on stronger-than-expected jobs data. The Federal Reserve has signaled one more 0.25% hike is likely before pausing.
Money-Saving Tips
- Shop at least 3 lenders—our studies show a 0.17% average spread.
- Ask about lender credits to offset closing costs.
- Consider a 15-year loan if the payment fits your budget—total interest is ~60% less.