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Published: Apr 28, 2022 10 min read
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Homebuyers interested in a 30-year fixed-rate mortgage will find rates averaging 5.975% today. This is an increase of 0.044 percentage points from yesterday and snaps a two-day streak of decreasing rates.

  • The latest rate on a 30-year fixed-rate mortgage is 5.975%. ⇑
  • The latest rate on a 15-year fixed-rate mortgage is 4.823%. ⇑
  • The latest rate on a 5/1 ARM is 4.291%. ⇔
  • The latest rate on a 7/1 ARM is 4.448%. ⇔
  • The latest rate on a 10/1 ARM is 4.522%. ⇔

Money's daily mortgage rates are a national average and 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. Your individual rate will vary depending on your location, lender and financial details.

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 5.975%.
  • That's a one-day increase of 0.044 percentage points.
  • That's a one-month increase of 0.643 percentage points.

Most borrowers opt for a 30-year fixed-rate mortgage. The long payoff term means your monthly payments will be comparatively low, while the steady interest rate means they won't change. It's not the most economical option over time, however, as the interest rate is usually higher compared to a 15-year loan and you'll have to pay it for twice as long.

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