Mortgage Rates Today
Current mortgage rates updated daily. Compare rates across loan types and terms to find the best deal.
Last updated: 2026-06-02
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Current Mortgage Rates
Average rates from lenders nationwide
| Loan Type | Interest Rate | APR | Change |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.82% | +0.02 |
| 15-Year Fixed | 6.25% | 6.35% | +0.01 |
| 30-Year FHA | 6.5% | 6.65% | 0.00 |
| 30-Year VA | 6.35% | 6.48% | -0.01 |
| 5/1 ARM | 6.1% | 6.55% | +0.03 |
| 7/1 ARM | 6.2% | 6.6% | +0.02 |
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Mortgage Rates by State
Average rates, monthly payments, and home prices for key states
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What Determines Your Mortgage Rate?
📊
Credit Score
Borrowers with 740+ scores get the best rates. A lower score can add 0.5-1.5% to your rate.
💵
Down Payment
20% down gets you the best rates. Less than 20% means PMI and potentially higher rates.
📅
Loan Term
15-year rates are typically 0.5% lower than 30-year. ARM rates start lower but can adjust.
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Tips for Getting the Best Rate
- 1. Shop at least 3-5 lenders. Rates can vary by 0.25-0.5% between lenders for the same borrower.
- 2. Consider buying discount points. Paying 1% of the loan amount upfront can lower your rate by 0.25%.
- 3. Lock your rate. Once you find a good rate, lock it for 30-60 days to protect against increases.
- 4. Improve your credit. Even a 20-point increase can save you thousands over the loan term.
- 5. Use our Mortgage Calculator to see how different rates affect your monthly payment.