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 03, 2021 10 min read
Money; Getty Images

Mortgage rates trended lower this week. By the end of the week, the average rate for a 30-year loan was 3.41% — down 0.028 percentage points than on Monday. Still, rates have managed to stay above the 3.4% mark for most of the week. Whether they stay in this range or slide lower once again remains to be seen.

  • The latest rate on a 30-year fixed-rate mortgage is 3.41%.
  • The latest rate on a 15-year fixed-rate mortgage is 2.48%.
  • The latest rate on a 5/1 jumbo ARM is 2.244%.
  • The latest rate on a 7/1 conforming ARM is 4.103%.
  • The latest rate on a 10/1 conforming ARM is 3.894%.

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

  • The 30-year rate is 3.41%.
  • That's a one-day increase of 0.045 percentage points.
  • That's a one-month increase of 0.035 percentage points.

A 30-year fixed-rate mortgage is the most popular type of home loan. The interest rate and monthly payment won't change for as long as you have the loan. You'll pay the loan off in 360 months, that long payback time means the monthly payments will be relatively low. However, the interest rate will be higher compared to shorter-term loans, which means you'll pay more interest with a 30-year 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.