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.

By:
Editor:
Published: Apr 02, 2022 10 min read
Money; Getty Images

Despite trending lower for the past three days, the daily average rate for a 30-year fixed-rate mortgage is ending the week at 5.291% — up 0.101 percentage points from this time last week.

  • 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 30-year fixed-rate mortgage is the most popular home loan in America. The long payback time and constant interest rate result in relatively low monthly payments and long-term stability. However, the interest rate will be higher compared to a shorter-term loan, which combined with the longer term means your overall costs will be higher than on a shorter-term loan.

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