Compare 30-year fixed mortgage rates
Find and compare the current 30-year mortgage rates available in your area. A 30-year fixed-rate mortgage allows you to buy or refinance a home with affordable monthly payments.
NerdWallet reviewed lenders:
Based on your ZIP code, credit score, loan amount, and other criteria.
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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.
Mortgage rate trends (APR)
NerdWallet’s mortgage rate insight
On Thursday, Dec. 12, 2019, the average rate on a 30-year fixed-rate mortgage fell three basis points to 4%, the average rate on the 15-year fixed dropped one basis point to 3.57% and the average rate on the 5/1 ARM fell three basis points to 4.22%, according to a NerdWallet survey of mortgage rates published daily by national lenders. A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR. The average rate on the 30-year fixed is two basis points lower than one week ago.
Mortgage rates today (APR)
| Loan type | Average rate | Change 1 day | Change 1 year |
|---|---|---|---|
| 30-year fixed mortgage rate | 4.0% | 0.03% | 0.78% |
| 15-year fixed mortgage rate | 3.57% | 0.01% | 0.7% |
| 5/1 ARM mortgage rate | 4.22% | 0.03% | 0.85% |
How to find current 30-year mortgage rates
NerdWallet’s mortgage rate tool can help you find competitive, customized 30-year mortgage rates. In the "Refine results" section, enter a few details about the loan you want. In moments, you’ll get a rate quote tailored to meet your needs. From there, you can start the process of getting approved for your 30-year fixed-rate mortgage.
What is a 30-year fixed-rate mortgage?
A 30-year fixed-rate mortgage is a home loan that maintains the same interest rate and monthly principal-and-interest payment over the 30-year loan period. The 30-year fixed-rate mortgage is the most common type of mortgage. It provides the security of a fixed payment and the flexibility to afford a larger mortgage loan because the payments are spread out over three decades.
When should you consider a 30-year fixed-rate mortgage?
There are benefits and drawbacks to a 30-year fixed-rate mortgage. With a fixed-rate loan, you’ll pay the same principal and interest every month no matter what happens to interest rates or inflation. But a 30-year mortgage has a higher interest rate than a 15-year loan, and you pay more interest overall. If you want a lower interest rate, a 15-year mortgage may be a better home loan for you. If you plan to keep the home for just a few years, consider an adjustable-rate mortgage. See the pros and cons of ARMs.
