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Published: Feb 02, 2022 10 min read
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Today's average rate for a 30-year fixed-rate mortgage ticked up 0.001 percentage points to 4.042%. Meanwhile, most other loan categories moved lower. The rate on a 30-year refinance loan is averaging 5.101%, while the 5/1 adjustable-rate loan moved up to 2.574%.

  • The latest rate on a 30-year fixed-rate mortgage is 4.042%.
  • The latest rate on a 15-year fixed-rate mortgage is 3.042%. ⇓
  • The latest rate on a 5/1 ARM is 2.574%. ⇑
  • The latest rate on a 7/1 ARM is 2.851%. ⇓
  • The latest rate on a 10/1 ARM is 2.918%. ⇓

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 4.042%.
  • That's a one-day increase of 0.001 percentage points.
  • That's a one-month increase of 0.326 percentage points.

The steady interest rate, long payback time and relatively low monthly payments of a 30-year fixed-rate mortgage make it the most common choice of home loan. While the payments are more affordable compared to a shorter-term loan, the interest rate will be higher, making it a more expensive option over time.

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