6.55%
What's shown on this page
- Live national mortgage rate averages for 30-year fixed, 15-year fixed, and 5/1 ARM loans
- Week-over-week change in basis points for each series
- 5-year historical chart with 3-month through 5-year period toggles
- Scenario comparison showing the dollar impact of a 0.25% rate difference
- Source: Freddie Mac Primary Mortgage Market Survey (PMMS), via FRED
Rates below are the national weekly averages published every Thursday by Freddie Mac's Primary Mortgage Market Survey, the industry-standard benchmark. Your personal rate depends on credit, loan type, down payment, and property.
National averages. Your rate will be quoted specifically for your file.
| Loan type | Rate | Δ week | 52-week trend | |
|---|---|---|---|---|
30-Year Fixed Conventional, conforming | 6.55% | +6 bps | Learn more | |
20-Year Fixed Conventional, conforming | 6.40% | +6 bps | Learn more | |
15-Year Fixed Conventional, conforming | 5.93% | +11 bps | Learn more | |
5/1 ARM 5-year intro rate, then adjusts | 6.06% | +11 bps | Learn more | |
FHA 30-Year 3.5% down, flexible credit | Call for rate | Quoted individually | – | Learn more |
VA 30-Year Zero down for eligible veterans | Call for rate | Quoted individually | – | Learn more |
Jumbo 30-Year Above conforming limits | Call for rate | Quoted individually | – | Learn more |
- 30-Year FixedConventional, conforming6.55%+6 bps
- 20-Year FixedConventional, conforming6.40%+6 bps
- 15-Year FixedConventional, conforming5.93%+11 bps
- 5/1 ARM5-year intro rate, then adjusts6.06%+11 bps
- CallFHA 30-Year3.5% down, flexible credit
- CallVA 30-YearZero down for eligible veterans
- CallJumbo 30-YearAbove conforming limits
How rates have moved
Toggle between 3 months and 5 years to see where we are relative to recent history. Data is the Freddie Mac 30-year fixed weekly average, the same series every major rate tracker quotes.
What 0.25% actually costs you
On a $350,000 purchase with 10% down ( $315,000 loan, 30-year term), a quarter-point difference moves your monthly payment and lifetime interest meaningfully. This is why we shop your file across lenders.
- Monthly P&I
- $1,950
- vs today
- −$52/mo
- Total interest (30-yr)
- $386,915
- You save
- $18,583
- Monthly P&I
- $2,001
- vs today
- –
- Total interest (30-yr)
- $405,498
- Monthly P&I
- $2,054
- vs today
- +$52/mo
- Total interest (30-yr)
- $424,283
- You lose
- $18,785
Illustrative scenario using the current live 30-year fixed rate ±0.25%. Actual pricing depends on credit, loan type, and market conditions.
Six things that move your personal rate
The rate on this page is the national average. Your quoted rate depends on six measurable things, we'll tell you exactly where you sit on each one before you commit.
Your credit score
The single biggest lever. Pricing improvements kick in at 620, 680, 700, 720, 740, and 760. A 20-point jump can mean $50-$100/month over the life of the loan.
Down payment / LTV
Loan-to-value ratios of 80%, 75%, and 60% typically trigger pricing breaks. Less down usually costs more in both rate and PMI.
Loan type
Conventional, FHA, VA, USDA, and jumbo each price differently. VA and 15-year fixed consistently price below 30-year conventional; jumbo varies lender to lender.
Property type and use
Primary residences are priced best. Second homes, investment properties, condos, and multi-units each carry rate adjustments that can add 0.125-1.0% to your quote.
Loan size and term
Loan amounts above conforming limits jump into jumbo territory with different pricing. 15-year and 20-year fixed rates typically run 0.5-0.75% below 30-year.
The bond market, today
Mortgage rates track the 10-year Treasury and mortgage-backed securities. When bond investors expect inflation, yields rise and mortgage rates follow, often within the hour.
Broker vs. bank on the same file
A bank sells one loan: its own. A wholesale broker shops your specific file across a panel of lenders. On identical borrowers, identical days, pricing can vary 0.25-0.5%.
- Where the rates come fromRetail bankOne rate sheet, the bank's ownHometown MortgageMultiple wholesale lenders shopped side-by-side
- Pricing flexibilityRetail bankLocked to their internal marginHometown MortgageWhichever lender prices your file best on the day
- Loan program choiceRetail bankOnly what they sellHometown MortgageConventional, FHA, VA, USDA, jumbo, whichever actually fits
- Self-employed borrowersRetail bankRigid overlays; many automatic denialsHometown MortgageTax returns, bank statements, or asset-depletion programs
- Closing timelinesRetail bankOften 30-45 daysHometown MortgageOur average: 22 days
- Who answers the phoneRetail bankCall centerHometown MortgageLee
Get a real quote in about a business hour
Tell us a little about your situation. We'll pull live wholesale pricing from our lender panel and text or call you with a quote tuned to your credit, property, and loan type.
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Common questions about rates
- The rates on this page are Freddie Mac's weekly national averages. Your personal rate depends on your credit score, loan amount, down payment, property type, loan program, and the day you lock. Most strong-credit borrowers get rates at or below these averages; some files price higher. Call for an actual quote tuned to your situation.
Source: Freddie Mac Primary Mortgage Market Survey (via FRED, updated weekly). Rates shown are national averages; your quoted rate will vary based on credit score, down payment, loan type, property type, occupancy, and current market pricing. Not a commitment to lend. FT Funding, PLC DBA Hometown Mortgage, NMLS #2436863. Licensed in KY and OH and FL.