Current Mortgage Interest Rates Today
Compare live mortgage rates from top lenders. See today's rates for 30-year, 15-year, FHA, VA, and jumbo loans with our free comparison tool.
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Today's Mortgage Rates
Compare current interest rates from multiple lenders. Rates are updated in real-time.
| Loan Type | Current Rate | APR | Monthly Payment* | Trend | Best For |
|---|---|---|---|---|---|
| 30-Year Fixed | 7.25% | 7.35% | $2,047 | +0.12% | Stability & low payments |
| 15-Year Fixed | 6.75% | 6.85% | $2,654 | +0.08% | Pay off faster, save interest |
| 30-Year FHA | 7.15% | 7.85% | $2,021 | No change | Low down payment |
| 30-Year VA | 6.95% | 7.25% | $1,987 | -0.05% | Veterans & active military |
| 30-Year Jumbo | 7.45% | 7.55% | $4,189 | +0.15% | High-value properties |
*Monthly payment based on $300,000 loan amount, excluding taxes and insurance
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Frequently Asked Questions About Mortgage Rates
What are current mortgage rates today?
Current mortgage rates vary by loan type and borrower qualifications. As of today, 30-year fixed rates average around 7.25%, while 15-year fixed rates are approximately 6.75%. Rates change daily based on market conditions.
How often do mortgage rates change?
Mortgage rates can change multiple times per day based on bond market movements, economic data, and Federal Reserve policy. Our rates are updated in real-time throughout the day.
Will mortgage rates go down in 2024?
Mortgage rate predictions are challenging, but most experts expect rates to remain elevated through 2024. Economic factors like inflation, Federal Reserve policy, and the overall economy will influence future rate movements.
What's the difference between interest rate and APR?
The interest rate is the cost of borrowing money, while APR (Annual Percentage Rate) includes the interest rate plus other loan-related costs like origination fees, mortgage insurance, and closing costs. APR gives you a more complete picture of the loan's true cost.
How can I get the best mortgage rate?
To get the best mortgage rate, maintain a credit score above 740, make a larger down payment (20%+), shop with multiple lenders, consider a shorter loan term, and time your application when rates are favorable. Even a small rate difference can save thousands over the life of your loan.