![](https://www.bankrate.com/2021/05/11184845/todays-mortgage-and-refinance-rates1.jpg?auto=webp&fit=crop&width=230&height=150)
Majority of rates increase | Current mortgage rates for July 3rd, 2024
The current average rate for a 30-year fixed mortgage is 7.02, the average rate you'll pay for a 15-year fixed mortgage is 6.54 percent, and the average 5/1 ARM rate is 6.59 percent.