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Published: Aug 31, 2021 10 min read
Money; Getty Images

Today's average 30-year mortgage rate is 3.242%, down 0.042 percentage points from yesterday.

In fact, all fixed-rate loans, for both new mortgages and refinance loans, are starting the day lower. Adjustable-rate loans were mixed, with the 5/1 ARM decreasing and the 7/1 ARM and 10/1 ARM purchase loans moving higher.

As rates decrease, well-qualified buyers can find attractive rates and lock in lower monthly payments.

  • The latest rate on a 30-year fixed-rate mortgage is 3.242%.
  • The latest rate on a 15-year fixed-rate mortgage is 2.376%.
  • The latest rate on a 5/1 jumbo ARM is 2.2%.
  • The latest rate on a 7/1 conforming ARM is 4.143%.
  • The latest rate on a 10/1 conforming ARM is 4.093%.

Current mortgage rates: 30-year fixed-rate mortgage rates

  • The 30-year rate is 3.242%.
  • That's a one-day decrease of 0.042 percentage points. ⇓
  • That's a one-month increase of 0.026 percentage points. ⇑

Fixed-rate mortgages are popular thanks to their steady interest rates and unchanging monthly payments. The 30-year loan is the most common of all because its long payback time means the monthly payments will be relatively low compared to shorter-term loans. The interest rate, on the other hand, is typically higher. So even though you won't pay as much each month, you'll end up paying more in interest over the full term of the loan.

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