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Published: Apr 08, 2022 10 min read
Money; Getty Images

The interest rate on a 30-year fixed-rate mortgage dropped down to 5.62%, giving up almost all of yesterday's significant increase.

Almost all other loan categories moved lower as well. The only exception was the 15-year fixed-rate loan, which increased to 5.031% and is now over one percentage point higher than a month ago.

  • The latest rate on a 30-year fixed-rate mortgage is 5.62%. ⇓
  • The latest rate on a 15-year fixed-rate mortgage is 5.031%. ⇑
  • The latest rate on a 5/1 ARM is 4.035%. ⇓
  • The latest rate on a 7/1 ARM is 4.313%. ⇓
  • The latest rate on a 10/1 ARM is 4.39%. ⇓

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 5.62%.
  • That's a one-day decrease of 0.88 percentage points.
  • That's a one-month increase of 0.977 percentage points

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