Compare Today's Conventional Mortgage Rates
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- About this lenderPros
- Special program offers a pricing break for first first-time home buyers.
- Offers financing options for self-employed borrowers and those without Social Security numbers.
- Interactive mortgage rates tool takes credit score and location into account.
Cons- Purchase loans are not available in all states.
- Doesn’t offer home equity loans or lines of credit.
- No refinancing options are available.
- About this lenderPros
- 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.
- About this lenderPros
- 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.
Cons- 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.
- About this lenderPros
- 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.
Cons- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
- About this lenderPros
- 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.
Cons- No dedicated mobile app for mortgage borrowers.
- Some loans (including home equity products) are geographically limited.
- About this lenderPros
- 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.
- About this lenderPros
- 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.
Cons- 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.
- About this lenderPros
- Offers a variety of mortgage options, including jumbo loans, and FHA and VA loans.
- Offers home equity loans and lines of credit.
- Displays customized rates, with fee estimates, without requiring contact information.
Cons- Doesn’t offer mortgages in all 50 states.
- Home renovation loans are not available.
- About this lenderPros
- Mortgage rates are on the low side compared to other lenders, according to the latest federal data.
- VA loans represent more than a quarter of purchase volume, a larger share than many lenders NerdWallet reviews.
- Offers a variety of loan types for purchase and refinance, including fixed- and adjustable-rate loans and government options
Cons- HELOCs and no-down-payment loans are available only in the Kansas City metro area.
- Mobile app focuses on online banking, not mortgages.
- You’ll need to share contact information to see customized mortgage rates.
- About this lenderPros
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
Cons- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
- About this lenderPros
- Offers an online application and loan process updates.
- Offers mortgages for investment properties.
- Makes it easy to browse current rates and get a customized mortgage rate quote.
Cons- Does not offer FHA or VA government-backed loans.
- No renovation mortgage options.
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)
- 30-year fixed
- 15-year fixed
- 5-year ARM
NerdWallet’s mortgage rate insight
6.888%
30-year fixed-rate“
On Monday, July 21, 2025, the average APR on a 30-year fixed-rate mortgage rose 2 basis points to 6.888%. The average APR on a 15-year fixed-rate mortgage rose 3 basis points to 5.907% and the average APR for a 5-year adjustable-rate mortgage (ARM) rose 5 basis points to 7.434%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 2 basis points higher than one week ago and 12 basis points higher 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
| Product | Interest Rate | APR |
|---|---|---|
| 30-year fixed-rate | 6.882% | 6.888% |
| 20-year fixed-rate | 6.725% | 6.729% |
| 15-year fixed-rate | 5.896% | 5.907% |
| 10-year fixed-rate | 5.750% | 5.809% |
| 7-year ARM | 7.612% | 7.419% |
| 5-year ARM | 7.522% | 7.434% |
| 3-year ARM | 6.500% | 7.182% |
| 30-year fixed-rate FHA | 6.801% | 7.551% |
| 30-year fixed-rate VA | 6.224% | 6.554% |
Data source: ©Zillow, Inc. 2006 - 2021. Use is subject to the Terms of Use
How to shop for current conventional mortgage rates
NerdWallet’s mortgage rate tool provides you with real-time conventional-mortgage interest rates, based on just a small bit of information you provide. Enter the home's ZIP code and the purchase price and down payment (if buying) or property value, mortgage balance and any cash-out amount (if refinancing). Indicate your credit score and loan term if you wish. Click Search, and in moments, you’ll get a customized rate quote, without providing any personal information. From there, you can start the process of getting preapproved for your conventional mortgage.
NerdWallet’s mortgage rate tool provides you with real-time conventional-mortgage interest rates, based on just a small bit of information you provide. Indicate whether you want to purchase or refinance. Tap "Filters" and enter the ZIP code, purchase price and down payment (if buying) or property value, mortgage balance and any cash-out amount (if refinancing). Indicate your credit score and other information if you wish, and tap Update. From there, you can start the process of getting preapproved for your conventional mortgage.
What is a conventional mortgage and who is eligible?
Conventional mortgages are loans that are not sponsored by the federal government. They're not backed by the FHA, VA or USDA. Conventional loans conform to standards set by Fannie Mae and Freddie Mac, private companies that buy mortgages. In general, conventional loans are mortgages made to typical, creditworthy borrowers, whereas government-backed loans are designed to help buyers with lower income or credit scores, military-connected borrowers and residents in rural communities.
When should you consider a conventional mortgage?
Today’s conventional mortgages offer down payments as low as 3%. If you put down less than 20%, however, lenders will typically require you to pay for mortgage insurance, which increases your monthly payment. Conventional loan mortgage rates vary depending on your personal financial situation as well as the term you choose, such as 10, 15, 20 or 30 years. It’s fairly easy to shop conventional mortgage rates because many lenders offer conventional loans; government-backed mortgages can sometimes be harder to find.
Learn more about conventional mortgages: