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Published: Feb 01, 2022 10 min read
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Borrowers shopping for a 30-year fixed-rate mortgage can expect rates averaging 4.041%, a decrease of 0.026 percentage points from yesterday. Rates are lower for most other loan categories as well. The average rate for a 30-year refinance loan dropped to 5.293%, while the rate on a 5/1 adjustable-rate mortgage is averaging 2.566%.

  • The latest rate on a 30-year fixed-rate mortgage is 4.041%.
  • The latest rate on a 15-year fixed-rate mortgage is 3.06%. ⇓
  • The latest rate on a 5/1 ARM is 2.566%. ⇓
  • The latest rate on a 7/1 ARM is 2.884%. ⇑
  • The latest rate on a 10/1 ARM is 2.952%. ⇑

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 4.041%.
  • That's a one-day decrease of 0.026 percentage points.
  • That's a one-month increase of 0.414 percentage points.

The 30-year fixed-rate mortgage is the most popular home loan in America thanks to its long payback time and lower monthly payments. The predictability that comes with a fixed rate is also an attractive feature. A potential disadvantage is that the rate will be higher than the rate on a shorter-term loan, so you'll spend more.

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