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Published: Apr 01, 2022 10 min read
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The average rate on a 30-year fixed-rate mortgage is now 5.291%, slightly lower than yesterday's average. The direction of rates for other purchase loan categories were mixed, while all refinancing loans are lower.

  • The latest rate on a 30-year fixed-rate mortgage is 5.291%. ⇓
  • The latest rate on a 15-year fixed-rate mortgage is 4.218%. ⇓
  • The latest rate on a 5/1 ARM is 3.902%. ⇓
  • The latest rate on a 7/1 ARM is 4.179%. ⇓
  • The latest rate on a 10/1 ARM is 4.271%. ⇓

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 5.291%.
  • That's a one-day decrease of 0.041 percentage points.
  • That's a one-month increase of 0.76 percentage points.

The long payback time of the 30-year fixed-rate mortgage results in relatively low monthly payments. The steady interest rate means those payments will never change over the life of the loan. However, it's not the most economical loan option in the long run, since the interest rate is higher compared to a shorter-term loan and you'll be paying it for more time.

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