6.708% APR 

Compare Today's 30-Year Fixed Mortgage Rates

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Why do you want a home loan?
Showing: Purchase, Good (720-739), 30-year fixed, Single family home, Primary residence
Showing: Purchase, Good (720-739), 30-year fixed, Single family home, Primary residence
License information
6 results:
30-year fixed
Simplist
Top 3 most visited on NerdWallet 🏆
EXPLORE QUOTEon Simplist
on Simplist
Simplist: NMLS#1764611
Lowest APR
Lowest monthly payment
Conventional 30-year fixed
Simplist
4.5
NerdWallet rating
APR
6.5% 
Interest rate
6.5% 
Mo. payment
$2,529 
Insurance $0
Total fees
-$1,328 
About this lender
Pros
  • Loan origination process can be completed online.
  • Offers government-backed FHA and VA loans.
  • Offers module that compares mortgage rates among other lenders.
Cons
  • Offers loans in many states and Washington, D.C., but not nationwide.
  • Does not offer home equity loans or lines of credit.
First Federal Bank
EXPLORE QUOTE
First Federal Bank: NMLS#408902Conventional 30-year fixed
First Federal Bank
APR
6.895% 
Interest rate
6.875% 
Mo. payment
$2,628 
Insurance $0
Total fees
$791 
About this lender
Pros
  • Offers government-backed loans and some harder-to-find products, such as jumbo loans for investment and multifamily properties.
  • Home renovation loans are available.
  • Offers home equity loans and lines of credit.
Cons
  • Mortgage rates are not published online.
  • Bank branches are limited to eight states.
  • Consumers might have trouble finding contact information.
NBKC: NMLS#409631
Great for first-time home buyers | digital convenience | customer service
Conventional 30-year fixed
NBKC
APR
6.899% 
Interest rate
6.875% 
Mo. payment
$2,628 
Insurance $0
Total fees
$955 
About this lender
Visit lender's website | Call (888) 871-2381
Pros
  • Offers government-backed loans and some harder-to-find products, such as construction loans and specialty mortgages for pilots.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.
  • Displays customized rates, with fee estimates, without requiring contact information.
Cons
  • HELOCs and construction-to-permanent loans are available only in the Kansas City metro area.
Central Bank: NMLS#407985Conventional 30-year fixed
Central Bank
4.0
NerdWallet rating
APR
6.899% 
Interest rate
6.875% 
Mo. payment
$2,628 
Insurance $0
Total fees
$992 
About this lender
Pros
  • 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.
Cons
  • 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.
Bethpage Federal Credit Union
EXPLORE QUOTEon Bethpage Federal Credit Union
on Bethpage Federal Credit Union
Bethpage Federal Credit Union: NMLS#449104Conventional 30-year fixed
Bethpage Federal Credit Union
APR
7.539% 
Interest rate
7.5% 
Mo. payment
$2,797 
Insurance $0
Total fees
$1,520 
About this lender
Pros
  • Has a fully online mortgage application and a highly rated mobile app.
  • Offers financing for co-ops, a type of home that’s common on the East Coast.
  • Interest rates are on the low side, according to the latest federal data.
Cons
  • In-person service available only on Long Island, New York.
  • Doesn’t offer renovation, construction-to-permanent or USDA loans.
  • Customized rates not available online.
Rocket Mortgage, LLC: NMLS#3030
Great for digital convenience | customer service
Conventional 30-year fixed
Rocket Mortgage, LLC
APR
7.657% 
Interest rate
7.625% 
Mo. payment
$2,832 
Insurance $0
Total fees
$1,250 
About this lender
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Offers the option to work with loan officers by phone if desired.
  • Largest FHA lender in the nation.
Cons
  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
  • Doesn't offer home equity lines of credit.

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)

Document Icon

NerdWallet’s mortgage rate insight

6.708%

30-year fixed-rate

On Saturday, July 13, 2024, the average APR on a 30-year fixed-rate mortgage rose 1 basis point to 6.708%. The average APR on a 15-year fixed-rate mortgage remained at 5.873% and the average APR for a 5-year adjustable-rate mortgage (ARM) rose 1 basis point to 7.667%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 25 basis points lower than one week ago and 21 basis points lower than one year ago.

A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.

Current mortgage and refinance rates

ProductInterest RateAPR
30-year fixed-rate6.640%6.708%
20-year fixed-rate6.285%6.379%
15-year fixed-rate5.757%5.873%
10-year fixed-rate5.607%5.779%
7-year ARM6.715%7.483%
5-year ARM6.707%7.667%
3-year ARM8.125%8.355%
30-year fixed-rate FHA6.102%6.958%
30-year fixed-rate VA5.739%6.112%

Data source: ©Zillow, Inc. 2006 - 2021. Use is subject to the Terms of Use

A Beginner’s Guide to 30-Year Mortgages
Holden Lewis
By
Last updated on July 3, 2024
Reviewed by
Edited by
✅ Fact checked
Michelle Blackford
Reviewed by
Mary Makarushka
Edited by
✅ Fact checked

What is a 30-year mortgage?

A 30-year fixed-rate mortgage is the most common term, or length in number of years, of a home loan. It provides the security of a consistent principal and interest payment, and the flexibility to afford a larger mortgage loan because the payments are lower than for a shorter-term mortgage for the same amount.

How to find 30-year mortgage rates today

Today's mortgage rates can be found via NerdWallet’s mortgage rate tool at the top of this page. It can help you find 30-year fixed mortgage rates today that are tailored to meet your needs. In the filters above, enter details about the loan you’re looking for, and you can see an interest rate quote without providing personal information.

30-year mortgage rates vary over time and by lender

Interest rates for 30-year mortgages vary day to day and even hour by hour. You can save money by comparison shopping because each lender offers its own combination of interest rate and fees.The loan offer with the lowest interest rate isn't necessarily the best. Lenders charge fees to offset expenses and add to their bottom lines. These closing costs can vary a lot from one lender to another, and they aren't necessarily spelled out until you formally apply for a loan.

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How to compare mortgage offers

If you’re approved, each lender will provide you with a Loan Estimate form. This will let you compare interest rates, origination fees and closing costs, giving you confidence that you’re getting the right loan for your situation

The Loan Estimate is a three-page document that provides the loan's details, projected payments and closing costs. Page 3 of the Loan Estimate has a section labeled "Comparisons." It's designed to simplify comparing loan offers. It provides three subheadings:

  1. "In 5 Years" totals how much you would spend on the mortgage in its first five years, including closing costs, principal, interest and mortgage insurance. A lower number is better.

  2. "Annual Percentage Rate (APR)" is a way to express the interest rate that takes closing costs into account. A lower APR is better.

  3. "Total Interest Percentage (TIP)" measures the total interest you would pay as a percentage of the loan amount. A lower TIP is better.

A Freddie Mac report concluded that a typical borrower can expect to save $600 to $1,200 annually by comparison-shopping four lenders instead of applying with just one lender.

Pros and cons of a 30-year fixed mortgage

The 30-year fixed mortgage is the most popular term of home loan. It meets the needs of many borrowers, but some people prefer shorter loan terms. Here are benefits and drawbacks of the 30-year fixed:

Pros

  • Lower payments. Because they’re spread out over 30 years, the monthly payments on a 30-year fixed mortgage are lower than for loans with shorter terms.

  • Flexibility. If your monthly budget allows, you can make extra payments to pay off the loan faster. When money is tight, you can make the minimum payments.

  • Predictability. Because it’s a fixed rate, the monthly principal and interest payments are the same over the life of the loan. Property taxes and insurance can change over time, though.

  • Bigger loan. Because monthly payments on a 30-year loan are smaller than on a shorter-term loan (such as 20 or 15 years), you can borrow more.

Cons

  • Higher interest rate. Because the lender is tying up its money longer, 30-year fixed mortgage rates are higher than on loans with shorter terms, such as 15 years.

  • More interest overall. You pay more interest over the life of a 30-year mortgage because you make more payments.

  • You risk borrowing too much. A 30-year loan lets you borrow more, which could tempt you into taking out a loan that’s too big. Or you might be able to afford the monthly payments, but lack money for vacations, dining out and other discretionary spending.

» MORE: Compare a 30-year mortgage to a 15-year loan

How mortgage rates are set

Mortgage rates are determined by market forces: Bad economic or global political worries can move mortgage rates lower. Good news can push rates higher.

Lenders fine-tune your mortgage rate based on risk. The higher your credit score and the bigger your down payment, the lower your mortgage tends to be.

The difference between interest rate and APR

The interest rate is the percentage that the lender charges for borrowing the money. The APR, or annual percentage rate, takes fees and discount points into account.

APR is a tool used to compare loan offers, even if they have different interest rates, fees and discount points.

Learn more about fixed-rate loans:


About the author: Holden is NerdWallet's authority on mortgages and real estate. He has reported on mortgages since 2001, winning multiple awards.

NerdWallet writers are subject matter authorities who use primary, trustworthy sources to inform their work, including peer-reviewed studies, government websites, academic research and interviews with industry experts. All content is fact-checked for accuracy, timeliness and relevance. You can learn more about NerdWallet's high standards for journalism by reading our editorial guidelines.

Consumer Financial Protection Bureau. Seven factors that determine your mortgage interest rate. Accessed Jul 3, 2024.

Consumer Financial Protection Bureau. TILA RESPA Integrated Disclosure. Accessed Jul 3, 2024.

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30-year-fixed mortgage rates