Today's national mortgage interest rate trends On Thursday, January 23, 2025, the current average 30-year fixed mortgage interest rate is 7.08%,down 3 basis pointscompared to this time last week. If you're in the market for a mortgage refinance, the average interest rate for a 30-year fi...
Today’s 20-year purchase mortgage APR in California is 6.007% lower than the average 20-year refinance mortgage APR of 6.53%. The current 15-year fixed mortgage rate for a home purchase loan in California is 5.654% – lower than the national average of 6.04%. Today’s 15-year APR for...
15-year fixed-rate refinance loan 6.622% ⇑ 0.063% 7/1 adjustable-rate refinance loan 6.682% ⇑ 0.045% 10/1 adjustable-rate refinance loan 6.927% ⇑ 0.064% Source: Money.com Beginning on July 31, Money's daily mortgage rates are a national average and reflect what a borrower...
On Wednesday, the central bank announced a much anticipated 0.25% reduction in the federal funds rate, bringing the rate for short-term loans down to the 4.25%-4.5% target range. Most experts don’t expect this cut to make an immediate impact on mortgage rates. However, the Fed’s forecas...
National mortgage rates by loan type Purchase Refinance ProductInterest RateAPR 30-Year Fixed Rate 6.98% 7.03% 15-Year Fixed Rate 6.24% 6.32% 5-1 ARM 6.41% 7.21% 30-Year Fixed Rate FHA 6.73% 6.78% 30-Year Fixed Rate VA 6.70% 6.74% 30-Year Fixed Rate Jumbo 6.98% 7.03% Rates as of...
For January 19, 2025, the national average 30-year fixed mortgage rate is 7.23% for a new home purchase, which is down compared to last week’s rate of 7.26%.
With a fixed rate mortgage, the interest rate and the regular payments you make will stay constant for the term of your mortgage, offering stability. With a variable rate mortgage, the interest rate will change when the TD Mortgage Prime Rate changes. This means that the portion of your ...
The current average 30-year fixed mortgage rate remained stable at 6.70% on Sunday, Zillow announced. The 30-year fixed mortgage rate on January 19, 2025 is down 8 basis points from the previous week's average rate of 6.78%. Additionally, the current national average 15-year fixed mortgage...
Current Mortgage RatesThe following rates are today’s national averages:ProductRateMonthly Principal & Interest 30-Year Fixed Rate 7.23% $680.82 15-Year Fixed Rate 6.45% $868.36 5/6 ARM 7.03% $667.32 7/6 ARM 7.19% $678.11 10/6 ARM 7.29% $684.89 30-Year Fixed Rate Jumbo 7.14% $674.73...
National averages of rates offered by more than 40 lenders, with a down payment of at least 20% and an applicant credit score of 680 to 739. Editor's Note Our daily mortgage rate averages are based on data from Zillow Group Marketplace. As this involves a different rate source and meth...