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Published: Feb 11, 2021 10 min read
Money; Getty Images

Mortgage rates are mixed today. Both 30-year and 15-year fixed-rate mortgages slipped from yesterday, as well as from last week. On the other hand, the average rate for a 5/1 ARM is higher both-day-over-day and week-over-week.

Rates have been hovering around 3.1% for the past three weeks as economic conditions have remained challenging. Still, for borrowers interested in either a home purchase or a mortgage refinance, the low rate environment is still very favorable.

  • Today's rate on a 30-year fixed-rate mortgage is 3.083%
  • Today's rate on a 15-year fixed-rate mortgage is 2.279%
  • Today's rate on a 5/1 jumbo ARM is 2.913%

30-year fixed mortgage rates today

  • Today’s average is 3.083%, down 0.022 percentage points from last week.

A 30-year fixed-rate mortgage means that both your interest rates and monthly payments will remain constant throughout the full term of the loan. When compared to a 15-year loan, interest rates will generally be higher, but your payments will be lower, as you're taking twice as long to pay off the debt.

Interest rates on 30-year loans have been near historic lows since the beginning of the year and borrower demand has remained high. Traditionally, 30-year loans have been the most popular loan type, making up around 75% of all originations.

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