Compare today's mortgage rates
Rates are current as of May 28, 2025 at 7:00 AM
APR 7.06%
-0.04% 1wAPR 6.06%
-0.05% 1wAPR 7.20%
-0.33% 1wMany or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

NMLS#330511
APR
6.65%
APR
6.65%
Interest rate
6.50%
Est. mo. payment
$2,529/mo
Total fees
$6,248
on Better's website
Show details
The Nerdy headline
Online-only lender Better offers a range of mortgage types and a one-stop shopping experience, though some borrowers may be turned off by the lender’s lack of chat support or a mobile app.
Home loans overall
NerdWallet rating4.5
- Borrowers can apply, lock in a rate and receive a commitment letter within one day.
- Offers both HELOCs and home equity loans with a high borrowing limit of 90% CLTV.
- Offers mortgages for manufactured homes, as well as financing for self-employed borrowers.
- No mobile app; customer service is by email or phone only.
- Borrower must provide contact information to see customized rates.
- Does not offer renovation or construction loans.
NMLS#1880338
APR
6.90%
APR
6.90%
Interest rate
6.75%
Est. mo. payment
$2,595/mo
Total fees
$6,000
Next Door Lending is a wholly-owned subsidiary of NerdWallet
Show details
The Nerdy headline
Next Door Lending, a mortgage broker, offers expert assistance shopping for and closing a loan, as well as specialty loans at competitive rates. Mortgages are not available in every state.
- Offers a variety of loan types, including first-time buyer programs and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service.
- Competitive pricing often available, especially for non-traditional borrowers.
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.

NMLS#407985
APR
7.01%
APR
7.01%
Interest rate
6.99%
Est. mo. payment
$2,659/mo
Total fees
$708
on Central Bank's website
Show details
The Nerdy headline
Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.
Home loans overall
NerdWallet rating
4.0
- Among the best when it comes to online convenience.
- Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
- Claims to offer preapproval within 24 hours of loan application.
- You'll have to complete a loan application to see mortgage interest rates.
- Bank branch locations limited to the Midwest.
- Does not offer home equity lines of credit.

NMLS#613839
APR
7.01%
APR
7.01%
Interest rate
6.99%
Est. mo. payment
$2,659/mo
Total fees
$1,003
on Farmers Bank of Kansas City's website
Show details
The Nerdy headline
Farmers Bank of Kansas City lets you browse rates and apply online, but branches are Kansas-only. Get discounts by using the bank’s partner real estate network.
Home loans overall
NerdWallet rating
4.5
- Displays customized rates, with fee estimates, without requiring contact information.
- Offers home equity loans and lines of credit.
- Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.
- Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
- Home renovation loans are not available.
- Mortgage rates are on the high side compared to other lenders, according to the latest federal data.

NMLS#408902
APR
7.02%
APR
7.02%
Interest rate
6.99%
Est. mo. payment
$2,659/mo
Total fees
$1,067
on First Federal Bank's website
Show details
The Nerdy headline
First Federal Bank Mortgage Lenders stands out for its focus on government loan lending, and will likely appeal to FHA, VA and other niche loan borrowers.
Home loans overall
NerdWallet rating4.5
- Over 40% of all loans last year were FHA, VA or USDA loans.
- Average mortgage rates are on the lower side, according to the latest federal data.
- Offers 15-, 20-, 25-, and 30-year repayment terms, which is unusually flexible.
- No dedicated mobile app for mortgage borrowers.
- Some loans (including home equity products) are geographically limited.
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About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.
Our top-rated mortgage experts can find the best rate for you
We'll shop 60+ lenders and guide you through the entire mortgage process — so you feel confident from start to finish.NerdWallet Mortgage Experts is a wholly-owned subsidiary of NerdWallet
Explore historical mortgage rate trends
See how rates have changed over time to understand past patterns and economic fluctuations
Historical timeline
Loan purpose
Loan type
National average 7.07%
Today's average mortgage rates
Product | Interest rate | APR |
---|---|---|
10-year Fixed | 6.00% | 6.03% |
15-year Fixed | 6.06% | 6.07% |
20-year Fixed | 6.92% | 6.93% |
30-year Fixed | 7.07% | 7.07% |
30-year Fixed FHA | 6.62% | 7.37% |
30-year Fixed VA | 6.35% | 6.68% |
3-year ARM | 6.50% | 7.18% |
5-year ARM | 7.12% | 7.23% |
7-year ARM | 7.49% | 7.33% |
10-year ARM | 7.07% | 7.07% |
Accurate as of 05/28/2025.
Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use
Our Nerdy take on mortgage rate trends

Factors that affect today’s mortgage rates
Factors you can change

Your credit score
Mortgage lenders use credit score as a stand-in for risk. Higher credit scores are seen as safer, and are generally rewarded with lower interest rate offers.

Your down payment
Paying a larger percentage of the home's price upfront reduces the amount you're borrowing. A bigger down payment may help you score a lower interest rate.

Your loan type
What kind of mortgage you're applying for influences the rate you're offered. For example, jumbo loans tend to have higher interest rates.

How you'll use the home
A mortgage for a primary residence will usually have a lower interest rate than a home loan for a second home or an investment property.
Forces you can't control

The U.S. economy
Stock market trends, the rate of inflation and the job market can all put pressure on mortgage interest rates. Events like elections can influence rates, too.

The global economy
What's happening around the world affects U.S. markets, which can then push mortgage rates higher or lower.

The Federal Reserve
Decisions by the nation's central bank to raise or cut interest rates for short-term borrowing can ripple out to rates on longer-term loans, including mortgages.

The housing market
A hot housing market can make it harder to find lower mortgage rates. When lenders have plenty of business, there's less incentive to compete for buyers.
How to compare mortgage rates
How to see personalized mortgage rates
Does a lower mortgage rate matter? Savings example
How to compare mortgage lenders
- Before you start looking at lenders, you need to know what you can spend. Figure out how much house you can afford to create your home shopping budget.
- Browse lenders online and check out their sample interest rates. If you can, personalize the rates by entering details like your down payment savings and where you live.
- Apply for mortgage preapproval from at least three lenders. Preapproval doesn't affect your credit score, plus it's helpful for home shopping.
- Within three business days, each lender that preapproves you will send you a Loan Estimate. You'll be able to compare rate offers and lender fees side by side.
Frequently asked questions
- The interest rate is what the lender charges for borrowing the money, expressed as a percentage. The APR, or annual percentage rate, is a measure that's supposed to more accurately reflect the cost of borrowing.APR includes fees and discount points that you'd pay at closing, as well as ongoing costs, on top of the interest rate. That's why APR is usually higher than the interest rate.
- Mortgage rates are constantly on the move, though sometimes those moves are barely visible — just a few basis points up or down. In 2025, average rates on 30-year, fixed-rate loans have pretty much stayed within a range of 6.5% to 7%.This has some frustrated would-be borrowers asking when mortgage rates will be 3% again, as they were in 2020 and 2021. But it's important to remember not just that it was cheaper to borrow back then, but also why rates went so low. The Federal Reserve took extraordinary measures — including cutting the federal funds rate to near zero and buying billions of dollars in mortgage-backed securities — to try to avert an economic crisis brought on by the pandemic. This wasn't the normal ups and downs of the market, it was a serious outlier.It’s smart to keep track of mortgage rate trends so you can nail down your budget, but home buyers shouldn’t feel pressure to time the market. Mortgage rates can't be predicted with complete accuracy — and if you're waiting for rates to hit a certain number, you could miss out on your perfect home.
- Mortgage rates not only vary from day to day, but hour to hour. In order to know what interest rate you'll pay, you need the rate you're offered to stop changing. A mortgage rate lock is the lender's guarantee that you'll pay the agreed-upon interest rate if you close by a certain date. Your locked rate won't change, no matter what happens to interest rates in the meantime.It's a good idea to lock the rate when you're approved for a mortgage with an interest rate that you're comfortable with. Consult with your loan officer or mortgage broker on the timing of the rate lock. Ideally, your rate lock would extend a few days after the expected closing date, so you'll get the agreed-upon rate even if the closing is delayed a few days.
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