The average 30-year fixed mortgage interest rate is 7.05% today, down -0.01% over the last week. The average rate for a 15-year fixed mortgage is 6.50%, which is a decrease of -0.05% from the same time last week.
Lower mortgage rates may finally be on their way. To get the best rate, experts say to compare loan offers from at least three different mortgage lenders.
30-year fixed-rate mortgages
The average interest rate for a standard 30-year fixed mortgage is 7.05% today.
15-year fixed-rate mortgages
Today, the average rate for a 15-year, fixed mortgage is 6.50%.
5/1 adjustable-rate mortgages
A 5/1 ARM has an average rate of 6.48% today.
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