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Published: Apr 23, 2022 11 min read
Money; Getty Images

The interest rate on a 30-year fixed-rate mortgage ended the week averaging 6.06%, increasing by 0.206 percentage points over last week's ending rate.

Average rates are expected to continue increasing over the near future, so borrowers planning on buying a home or refinancing their current mortgage should work on their credit if needed in order to lock in a lower rate.

  • The latest rate on a 30-year fixed-rate mortgage is 6.06%. ⇓
  • The latest rate on a 15-year fixed-rate mortgage is 5.1%. ⇓
  • The latest rate on a 5/1 ARM is 4.374%. ⇔
  • The latest rate on a 7/1 ARM is 4.531%. ⇔
  • The latest rate on a 10/1 ARM is 4.616%. ⇔

Money's daily mortgage rates reflect what a borrower with a 20% down payment and a 700 credit score — roughly the national average score — might pay if he or she applied for a home loan right now. Each day's rates are based on the average rate 8,000 lenders offered to applicants the previous business day. Freddie Mac's weekly rates will generally be lower since they measure rates offered to borrowers with higher credit scores.

Looking for a loan? Check out Money's lists of the best mortgage lenders and best refinance lenders.

Today's 30-year fixed-rate mortgage rates

  • The 30-year rate is 6.06%.
  • That's a one-day decrease of 0.065 percentage points.
  • That's a one-month increase of 0.870 percentage points.

Rates are subject to change. All information provided here is accurate as of the publish date.