What are today’s current mortgage rates?
On February 26th, 2020, the average rate on the 30-year fixed-rate mortgage is 3.55%, the average rate for the 15-year fixed-rate mortgage is 3.104%, and the average rate on the 5/1 adjustable-rate mortgage (ARM) is 3.687%. Rates are quoted as Annual Percentage Rate (APR).
Compare current mortgage rates
The more lenders you check out when shopping for mortgage rates, the more likely you are to get a lower interest rate. Getting a lower interest rate could save you hundreds of dollars over a year of mortgage payments — and thousands of dollars over the life of the mortgage.
Current mortgage and refinance rates
Accurate as of 02/26/2020.
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed rate | 3.373% | 3.550% |
| 20-year fixed rate | 3.248% | 3.474% |
| 15-year fixed rate | 2.821% | 3.104% |
| 5/1 ARM rate | 2.891% | 3.687% |
| 5/1 ARM jumbo rate | 2.813% | 3.832% |
| 7/1 ARM rate | 3.347% | 3.814% |
| 10/1 ARM rate | 3.472% | 3.857% |
| 30-year fixed FHA rate | 3.414% | 4.489% |
| 30-year fixed VA rate | 3.152% | 3.710% |
| 30-year fixed jumbo rate | 3.400% | 3.473% |
| 15-year fixed jumbo rate | 3.210% | 3.264% |
Data source: NerdWallet mortgage rate index