Current national average rates for 30-year fixed, 15-year fixed, ARM, FHA, and VA mortgages — plus 5 years of rate history and a free rate alert service.
| Loan Type | Rate (Avg) | APR | Points | Week Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.82% | 6.97% | 0.6 | ▲ +0.04% |
| 15-Year Fixed | 6.11% | 6.29% | 0.5 | ▲ +0.02% |
| 5/1 ARM | 6.44% | 7.32% | 0.4 | ▼ −0.06% |
| 30-Year FHA | 6.58% | 7.71% | 0.7 | ▲ +0.03% |
| 30-Year VA | 6.41% | 6.53% | 0.3 | ▼ −0.02% |
| 30-Year Jumbo | 7.04% | 7.12% | 0.5 | ▲ +0.05% |
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). National averages. Your rate depends on credit score, down payment, and loan type.
Source: Freddie Mac PMMS. Monthly averages. The historic low of 2.65% was in January 2021; the recent high of 7.79% was in October 2023.
The rate you're quoted is personal — it depends on your credit score, loan-to-value ratio, loan type, property type, and current market conditions. The average rate published by Freddie Mac is the starting point; your actual rate will differ.
Credit score is the biggest factor in your individual rate. A borrower with a 760+ FICO might see a rate 0.5–1.0% lower than a borrower with a 620 FICO on the same loan. On a $400,000 mortgage, that's $200–$350/month.
Putting down 20%+ eliminates PMI and typically gets you a slightly lower rate. High-LTV loans (3–5% down) carry higher rates to compensate for the lender's risk.
Conventional loans require higher credit scores but often have lower rates for well-qualified borrowers. FHA loans are more lenient on credit but add a mortgage insurance premium. VA loans (for veterans) typically have the lowest rates with no down payment required.