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Published: Apr 06, 2022 10 min read
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The average interest rate on a 30-year fixed-rate mortgage is currently 5.556%, up 0.194 percentage points from yesterday. In fact, average rates are higher across all loan types today.

  • The latest rate on a 30-year fixed-rate mortgage is 5.556%. ⇑
  • The latest rate on a 15-year fixed-rate mortgage is 4.463%. ⇑
  • The latest rate on a 5/1 ARM is 3.968%. ⇑
  • The latest rate on a 7/1 ARM is 4.246%. ⇑
  • The latest rate on a 10/1 ARM is 4.327%. ⇑

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 5.556%.
  • That's a one-day increase of 0.194 percentage points.
  • That's a one-month increase of 0.977 percentage points.

The 30-year fixed-rate mortgage is the most common type of home loan in America. The long payback time means the monthly payments on a 30-year loan will be more affordable than on shorter term loans. The steady interest rate ensures those payments will remain predictable. The downside is that the interest rate will be higher compared to a shorter-term loan, resulting in higher overall borrowing costs.

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