Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: Apr 18, 2022 11 min read

After briefly falling below 6% last Friday, the average rate for a 30-year fixed-rate mortgage jumped up to 6.875%, increasing by more than one percentage point. The rate is nearly two percentage points higher than the average rate just one month ago.

Rates for most other loan categories increased as well, although not quite so dramatically. The average rate on a 15-year fixed-rate loan, however, moved lower.

  • The latest rate on a 30-year fixed-rate mortgage is 6.875%. ⇑
  • The latest rate on a 15-year fixed-rate mortgage is 5.143%. ⇓
  • The latest rate on a 5/1 ARM is 4.258%. ⇑
  • The latest rate on a 7/1 ARM is 4.414%. ⇑
  • The latest rate on a 10/1 ARM is 4.49%. ⇑

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 6.875%.
  • That's a one-day increase of 1.021 percentage points.
  • That's a one-month increase of 1.988 percentage points.

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