Current Mortgage Rates: Compare Today's Rates
Compare personalized mortgage and refinance rates today from our national marketplace of lenders to find the best current rate for your financial situation.
Jeff Ostrowski has closely covered two nationwide housing booms and one devastating bust. Before joining Bankrate in 2020, he spent more than 20 years writing about real estate, business, the economy and politics. He previously worked as a reporter at the Palm Beach Post and the South Florida Business Journal.
Since 2019, Jeff has served on the board of the nonprofit National Association of Real Estate Editors. He twice has won gold awards in the group’s journalism contest. His Bankrate coverage of housing affordability was also honored with a Best in Business award from the Society for Advancing Business Editing and Writing.
When he’s not working, Jeff enjoys surfing, biking and traveling, usually with a surfboard or bike.
When you’re applying for a mortgage, shop around and do your homework — informed borrowers can save thousands of dollars over the life of their loan. Don’t fixate on finding the absolute perfect option, though, or timing your loan to a low point for mortgage rates. If you’re borrowing now, mortgage rates could go down in the future. Avoid worrying about all those things that are both out of your control and impossible to predict.
Compare personalized mortgage and refinance rates today from our national marketplace of lenders to find the best current rate for your financial situation.
Find and compare 30-year mortgage rates and choose your preferred lender. Check rates today to learn more about the latest 30-year mortgage rates.
Compare 30-year refinance rates and choose your preferred lender. Check rates today to learn more about the latest 30-year refinance rates.
Bankrate’s Greg McBride and others weigh in on what to expect for mortgage rates in August 2024 and beyond.
The current average rate for a 30-year fixed mortgage is 6.83, the average rate you'll pay for a 15-year fixed mortgage is 6.27 percent, and the average 5/1 ARM rate is 6.30 percent.
This is the week that was in mortgage rates across the U.S.
The Federal Reserve’s decisions have ripple effects, including for mortgages.
The Fed again held steady with no new rate hike at its July meeting.
They both related to property ownership, but one is a physical thing and the other is abstract.
A tug of war is playing out in the mortgage market. Inflation is pushing rates up, while fears of a recession are pulling them back down.
Until inflation is tamed, mortgage rates are likely to keep rising.
The highest inflation in decades will push rates up. But will war in Ukraine pull rates back down?
Mortgage rates are unlikely to fall to 2021 levels, but the big moves could be over for now.