30-year fixed mortgage rates
Find and compare the best 30-year fixed mortgage rates from lenders in your area.
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Mortgage rate trends (APR)
NerdWallet's mortgage rate insight
The average rate on a 30-year fixed-rate mortgage rose one basis point, the rate for the 15-year fixed climbed two basis points and the rate for the 5/1 ARM fell two basis points, according to a NerdWallet survey of daily mortgage rates published Friday by national lenders. A homeowner with a rate above 5.18% might benefit from refinancing. The average rate on the 30-year fixed is nine basis points higher than a week ago. A basis point is one one-hundredth of one percent.
Mortgage rates today (APR)
| Loan type | Average rate | Change 1 day | Change 1 year |
|---|---|---|---|
| 30-year fixed | 4.68% | 0.01% | 0.0% |
| 15-year fixed | 4.25% | 0.02% | 0.0% |
| 5/1 ARM | 4.78% | 0.02% | 0.0% |
30-Year Fixed Mortgage Rates
Looking for a long-term mortgage with an unchanging rate for the life of the loan? NerdWallet’s mortgage rate tool can help you find competitive 30-year fixed mortgage rates for your home purchase. Just enter some information about the type of loan you’re looking for (without dishing on personal details), and you’ll get a customized rate quote in minutes. From there, you can start the process to get preapproved for your home loan and be on your way to making offers. It’s that easy.
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 payment over the 30-year loan period. The 30-year fixed-rate mortgage is the most common type of mortgage because it provides the security of a fixed payment and the flexibility to afford a larger mortgage loan.
When should you consider a 30-year fixed-rate mortgage?
With a 30-year fixed-rate mortgage, you’ll pay the same amount every month no matter what happens to interest rates or inflation. You’ll likely get a sizable tax deduction for the interest you pay, especially in the early years of the loan, when most of your payments go toward interest. However, if you don’t plan to stay put for several years, or if you want a lower rate, a 15-year mortgage or an adjustable rate mortgage may be a better home loan for you.
