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Getting multiple rate quotes can save you nearly $3,000* over the life of your loan.

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What are today's average mortgage rates?

Average mortgage rates edged lower yesterday. But don’t get too excited. Wednesday and Thursday’s combined falls only just cancel out Tuesday’s rise. Still, these reductions keep these rates in the ultralow zone.

And there may be more to come, at least over the next few hours. Because it’s currently looking as if mortgage rates may inch lower again today.

Find and lock a low rate (Jan 15th, 2021)

Current mortgage and refinance rates 

Program Mortgage Rate APR* Change
Conventional 30 year fixed
Conventional 30 year fixed 2.745% 2.745% Unchanged
Conventional 15 year fixed
Conventional 15 year fixed 2.362% 2.362% -0.06%
Conventional 5 year ARM
Conventional 5 year ARM 3% 2.743% Unchanged
30 year fixed FHA
30 year fixed FHA 2.495% 3.473% Unchanged
15 year fixed FHA
15 year fixed FHA 2.438% 3.38% -0.06%
5 year ARM FHA
5 year ARM FHA 2.5% 3.232% +0.01%
30 year fixed VA
30 year fixed VA 2.313% 2.485% -0.06%
15 year fixed VA
15 year fixed VA 2.188% 2.508% Unchanged
5 year ARM VA
5 year ARM VA 2.5% 2.413% +0.01%
Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here.

* See our rate assumptions here.

What’s a mortgage rate?

A mortgage rate is the rate of interest charged by a mortgage lender. Mortgage rates can be either fixed (it stays the same for the term of the loan) or variable (the rate will adjust at some point during the term of the loan). Mortgage rates are determined by the lender and can vary depending on your unique situation — your credit score, loan term, and downpayment can all affect your mortgage rate.1

Why compare mortgage rates?

The more lenders you compare when shopping for mortgage rates, the more likely you are to get the lowest interest rate available for you. Getting a lower interest rate could save you hundreds of dollars over a year of mortgage payments — and thousands of dollars over the life of the loan. Yes, it definitely pays to shop around.2

* Source:
1. Source: Freddie Mac
2. Advertising disclosure: we receive advertising revenue from some partners.

Verify your new rate (Jan 15th, 2021)

Mortgage and refinance rates by state