Current Mortgage Rate Guide
National average rates for all major loan products — updated regularly by our team. Use these as a starting reference when comparing lenders.
Source: June 2025 (National Averages — Freddie Mac)
Adjust to see estimated monthly payments at each rate
30-Year Fixed
Most popular loan product for home buyers. Locks in payment for 30 years.
15-Year Fixed
Higher monthly payment but significantly less total interest paid.
5/1 ARM
Fixed for 5 years, then adjusts annually. APY reflects potential adjustment.
7/1 ARM
Fixed for 7 years. Good for buyers who plan to move within 7 years.
FHA 30-Year
Requires MIP (mortgage insurance premium) — raises effective APY.
VA 30-Year
Available to eligible veterans and active military. No PMI required.
Jumbo 30-Year
For loans above conforming limit (~$766,550 in most areas).
Get quotes from at least 3 lenders — rates can vary 0.25–0.75% for the same borrower.
A 0.5% rate reduction on a $400K loan saves ~$120/month or $43,000 over 30 years.
Buying discount points can lower your rate — each point = 1% of loan amount.
Credit score matters most: 760+ gets the best rates; below 620 may not qualify for conventional loans.
Your DTI ratio (debt vs income) affects the rate you're offered, not just whether you qualify.
Rate locks typically cost nothing up front — lock once you're under contract.
Disclaimer:Rates shown are national averages for educational reference and may not reflect the rate you'll be offered. Your actual rate depends on your credit score, DTI, down payment, property type, and lender. Always get personalized quotes from multiple lenders before making a decision.
Compare how different rates affect your payment: