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Published: May 19, 2021 11 min read
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Today's average rate for a 30-year fixed-rate mortgage dropped back down to 3.351%. That's the same rate as on Monday, after a slight bump yesterday. Rates were also down for all other purchase and refinance loans — with one exception. The 30-year rate for a refi ticked up 0.005 percentage points to 3.759%

  • The latest rate on a 30-year fixed-rate mortgage is 3.351%.
  • The latest rate on a 15-year fixed-rate mortgage is 2.452%.
  • The latest rate on a 5/1 jumbo ARM is 3.907%.
  • The latest rate on a 7/1 conforming ARM is 3.681%.
  • The latest rate on a 10/1 conforming ARM is 3.65%.

Current 30-year fixed mortgage rates

  • The 30-year rate is 3.351%.
  • That's a one-day decrease of 0.007 percentage points.
  • That's a one-month decrease of 0.028 percentage points.

With a 30-year fixed-rate mortgage, your interest rate and monthly payment won't change for however long you keep the loan. You'll pay off the mortgage in 360 months unless you refinance the loan or sell the home. You can also make extra payments to pay the loan faster.

Thirty-year mortgages are the most popular type of home loan because of the long payback period and relatively low monthly payments. However, a 30-year loan will have a higher interest rate compared to a shorter-term loan. That means, even though your payments will be lower, you'll ultimately pay more in interest.

Current 15-year fixed mortgage rates

  • The 15-year rate is 2.452%.
  • That's a one-day decrease of 0.036 percentage points.
  • That's a one-month decrease of 0.051 percentage points.

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