Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research may determine where and how companies appear. Learn more about how we make money.

Published: Jul 24, 2021 10 min read
Money; Getty Images

Mortgage rates started the week on a downward slide but rallied a little over the last two days. The interest rate on a 30-year fixed-rate mortgage ended the week at 3.304%, up 0.014 percentage points from Monday.

Although today's mortgage rates are slightly higher, rates are still favorable for well-qualified buyers interested in a home purchase or a mortgage refinance.

  • The latest rate on a 30-year fixed-rate mortgage is 3.304%.
  • The latest rate on a 15-year fixed-rate mortgage is 2.378%.
  • The latest rate on a 5/1 jumbo ARM is 2.216%.
  • The latest rate on a 7/1 conforming ARM is 4.392%.
  • The latest rate on a 10/1 conforming ARM is 4.5%.

Mortgage rates today: 30-year fixed-rate mortgage rates

  • The 30-year rate is 3.304%.
  • That's a one-day increase of 0.035 percentage points. ⇑
  • That's a one-month decrease of 0.121 percentage points. ⇓

A 30-year fixed-rate mortgage is the most popular type of home loan in America. Borrowers like the predictable interest rates and steady monthly payments. Most borrowers prefer a 30-year loan to a 15-year because of its long payback time and lower monthly payments. However, the interest rate will usually be higher than the rate on a shorter-term loan, which means you'll pay more interest over the full term of the mortgage.

Mortgage rates today: 15-year fixed-rate mortgage rates

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