Current 30 Year Fixed Mortgage Rates

Find the best rate on the most common loan in the us the 30 year fixed mortgage.

Current 30 year fixed mortgage rates.

Of the fixed rate mortgages 30 year terms generally have the highest interest rates and total interest costs and the longer term builds equity more slowly than would a 20 or 15 year term. Current rates are hovering near three year lows amid. What is today s 30 year fixed mortgage rate. Rates are quoted as annual percentage rate apr.

2 2020 the average rate on a 30 year fixed rate mortgage rose one basis point to 2 962 the average rate on a 15 year fixed rate mortgage rose two basis points to 2 533 and the. The average rate to refinance a 30 year fixed rate mortgage is 3 14 percent falling 10 basis points over the previous seven days. For example many borrowers who select a 30 year fixed rate mortgage refinance well before even 10 years have passed. On october 2nd 2020 the average rate on the 30 year fixed rate mortgage is 2 962.

The benchmark 30 year fixed rate hit a record low of 3 52 percent during the week of july 6 2016 according to historical bankrate data. 30 year fixed mortgage rates. On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050 with an apr of 3 360. A month ago the average rate on a 30 year mortgage was 3 19 percent.