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Published: Sep 23, 2021 10 min read
Money; Getty Images

The interest rate on a 30-year fixed-rate mortgage ticked up to 3.252%, just 0.001 percentage points higher than yesterday. Other loan types saw mostly small rate movements as well.

Mortgage rates have been in a holding pattern the last few weeks and remain very favorable for well-qualified borrowers planning on buying a house or refinancing a mortgage.

  • The latest rate on a 30-year fixed-rate mortgage is 3.252%.
  • The latest rate on a 15-year fixed-rate mortgage is 2.375%.
  • The latest rate on a 5/1 jumbo ARM is 2.193%.
  • The latest rate on a 7/1 conforming ARM is 4.04%.
  • The latest rate on a 10/1 conforming ARM is 3.527%.

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 3.252%.
  • That's a one-day increase of 0.001 percentage points. ⇑
  • That's a one-month decrease of 0.018 percentage points. ⇓

If you opt for a fixed-rate mortgage, the interest rate and monthly payments won't change for a long as you keep the loan. The 30-year term is the most popular because its long payback time translates into lower monthly payments. Compared to a shorter-term loan, however, the interest rate is usually higher, so you'll actually pay more overall with the longer-term mortgage.

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