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Published: Oct 11, 2021 11 min read
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The interest rate for a 30-year fixed-rate mortgage is starting the week at 3.469%, up 0.025 percentage points from Friday. The average rate for a 30-year refinancing loan is also higher, moving up to 3.629%. While almost all other loan categories saw rate increases, mortgage rates for both the FHA and VA loans ticked lower.

Rates for both new mortgages and refinance loans are still very close to record lows, even after taking recent increases into account. Borrowers who have strong credit should be able to lock in low monthly payments.

  • The latest rate on a 30-year fixed-rate mortgage is 3.469%.
  • The latest rate on a 15-year fixed-rate mortgage is 2.518%.
  • The latest rate on a 5/1 jumbo ARM is 2.378%.
  • The latest rate on a 7/1 conforming ARM is 3.057%.
  • The latest rate on a 10/1 conforming ARM is 3.807%.

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.

Current mortgage rates: 30-year fixed-rate mortgage rates

  • The 30-year rate is 3.469%.
  • That's a one-day increase of 0.025 percentage points. ⇑
  • That's a one-month increase of 0.234 percentage points. ⇑

Most borrowers are attracted to the predictable interest rates and steady monthly payments of fixed-rate mortgages. While there are many different terms to choose from, the 30-year loan is the most popular of all thanks to its long payback time. This means the monthly payments will be lower compared to a shorter-term loan. However, the interest rates is typically higher, so you'll pay more interest over time.

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