Today's Mortgage Rates
Compare current mortgage rates from lenders across the country. Rates shown are national averages — your rate may be lower.
Rates shown are national averages for well-qualified borrowers and are updated daily. Your actual rate depends on your credit score, down payment, loan type, and other factors. Get your personalized rate for an accurate quote.
Your rate could be lower
These are averages. Get a real quote based on your financial profile — takes 5 minutes.
How Mortgage Rates Work
Mortgage rates represent the interest charged on your home loan. Even a 0.25% difference can translate to tens of thousands of dollars over the life of a 30-year loan. That is why comparing rates from multiple lenders matters.
Direct Lender connects you with multiple lenders competing for your business. When lenders compete, you win — with lower rates, reduced fees, and better terms than you would get walking into a single bank or working with one broker.
The rates shown above are national averages. Your actual rate depends on your credit score, down payment, property type, and the specific lender. The best way to know your rate is to get a personalized quote.
Frequently Asked Questions About Rates
Your rate is influenced by your credit score, down payment size, loan type, loan term, property type, and current market conditions. Borrowers with higher credit scores and larger down payments typically qualify for the lowest rates.
The interest rate is the cost of borrowing the principal. The APR (Annual Percentage Rate) includes the interest rate plus other costs like origination fees and mortgage insurance, giving you a more complete picture of the loan's total cost.
Fixed-rate mortgages lock your rate for the life of the loan, providing payment predictability. Adjustable-rate mortgages (ARMs) start lower but can change over time. Fixed rates are generally better for long-term homeowners, while ARMs may benefit those planning to move or refinance within a few years.
Mortgage rates can change daily or even multiple times per day. They are influenced by the Federal Reserve's actions, inflation data, employment reports, and global economic events. Locking your rate when you find a favorable one protects you from increases.
You can lock your rate once you have a signed purchase contract and a completed loan application. Most rate locks last 30 to 60 days. Ask your lender about the lock period, any associated fees, and what happens if rates drop after you lock.