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Published: Feb 09, 2021 10 min read
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Mortgage rates continue their steady climb this week. While rates have been slowly rising since early January, historically speaking they are still very low, making it a good time to buy or refinance a home.

  • Today's rate on a 30-year fixed-rate mortgage is 3.141%
  • Today's rate on a 15-year fixed-rate mortgage is 2.33%
  • Today's rate on a 5/1 jumbo ARM is 2.863%

Current 30-year fixed mortgage rates

  • Today’s average is 3.141%, up 0.055 percentage points from last week.

America's most popular home loan is the 30-year fixed-rate mortgage, which accounts for two-thirds of all loan originations. With a fixed-rate mortgage, your monthly payment will be the same for the entire loan term. Interest rates are also fixed and do not change over the life of the loan.

When compared to a 15-year fixed-rate mortgage, your interest rates will generally be higher on a 30-year mortgage. However, your monthly payments will be lower because you are repaying the borrowed amount over a longer period of time (360 months for a 30-year and 180 months for a 15). However, you will pay more in interest over the life of the loan.

Current 15-year fixed mortgage rate

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