Current Mortgage Rates

Stay informed with the latest mortgage rates updated from the Federal Reserve

Last Updated: 12/16/2025

Today's Rates

Loan Type Interest Rate Trend Change APR
30-Year Fixed
Most popular choice
6.000%
→ - -
15-Year Fixed
Pay off faster
6.000%
↓ - -
5/1 ARM
Lower initial rate
6.750%
→ - -
20-Year Fixed
Competitive rates
6.060%
→ - -
10-Year Fixed
Competitive rates
5.520%
→ - -

Understanding Mortgage Rates

A mortgage rate is the interest charged on your home loan. It determines your monthly payment and the total amount you'll pay over the life of the loan. Rates fluctuate based on economic conditions, Federal Reserve policy, and your personal financial profile.

Fixed-Rate: Your interest rate stays the same for the entire loan term. Provides stability and predictable payments.

Adjustable-Rate (ARM): Starts with a lower rate for an initial period (e.g., 5 years), then adjusts periodically. Can save money if you plan to move or refinance before adjustment.

  • Credit Score: Higher scores get better rates
  • Down Payment: More money down = lower rate
  • Loan Amount: Larger loans may have higher rates
  • Loan Term: Shorter terms typically have lower rates
  • Property Type: Single-family homes usually get best rates
  • Market Conditions: Economic factors and Fed policy

Interest Rate: The cost of borrowing expressed as a percentage.

APR (Annual Percentage Rate): Includes the interest rate plus other costs like fees, points, and closing costs. APR gives you the true cost of the loan and is better for comparing offers.
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$
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Estimated Monthly Payment
$1,995
Principal & Interest only
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Rates shown are national averages from the Federal Reserve. Your actual rate may vary based on credit score, down payment, and other factors.