Your personalized rates
Shop the latest mortgage and refinance rates and get quotes tailored to you.
NerdWallet reviewed lenders:
Based on your ZIP code, credit score, loan amount, and other criteria.
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 Friday, Aug. 16, 2019, the average rate on a 30-year fixed-rate mortgage fell seven basis points to 3.94%, the rate on the 15-year fixed dropped nine basis points to 3.44% and the rate on the 5/1 ARM went up one basis point to 4.24%, according to a NerdWallet survey of daily mortgage rates published 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 three basis points lower than a week ago.
Mortgage rates today (APR)
|30-year fixed mortgage rate||3.94%|
|15-year fixed mortgage rate||3.44%|
|5/1 ARM mortgage rate||4.24%|
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What are today’s current mortgage rates?
On August 16th, 2019, the average rate on the 30-year fixed-rate mortgage is 3.94%, the average rate for the 15-year fixed-rate mortgage is 3.44%, and the average rate on the 5/1 adjustable-rate mortgage (ARM) is 4.24%. Rates are quoted as Annual Percentage Rate (APR).
Compare current mortgage rates
The more lenders you check out when shopping for mortgage rates, the more likely you are to get a lower interest rate. Getting a lower interest rate could save you hundreds of dollars over a year of mortgage payments — and thousands of dollars over the life of the mortgage. Yes, finding the best mortgage interest rate is a big deal.
With NerdWallet’s easy-to-use mortgage rate tool, you can find the best home loan interest rate for you. Whether you’re a first-time homebuyer looking at 30-year fixed mortgage rates or a long-time homeowner comparing refinance mortgage rates, using NerdWallet’s mortgage rate tool can help you find the best mortgage rates today.
Find personalized mortgage rates
Start with the ZIP code of where you are looking to buy a home in the box above. Then choose your loan purpose, either a purchase mortgage or a refinance mortgage, and click “Get Started”. Just answer a few more questions about the home loan you’re looking for and your personal situation, and then you’ll see your personalized results. Don’t worry, the whole process is free and won’t hurt your credit score. When comparing your quotes, you can update your personal criteria at any time and get new quotes. Try different scenarios for the best results. See how the mortgage rates differ from each lender depending on your down payment or credit score. That can be a real eye opener.
If you qualify, remember to indicate your veteran status as well. Qualified borrowers can get a VA mortgage with no down payment and low rates too.
You can also select different loan programs and compare 30-year mortgage rates to 15-year mortgage rates. Fixed and adjustable rate options are available as well.
Mortgage interest rates on demand
When you click “Get Started”, you’ll instantly find pages of home loan results from a variety of mortgage lenders. If you see a quote you like, you can click to view the details or head straight to the mortgage lender’s website.
But don’t just stop at one lender. Shopping quotes from at least three lenders can save you more than $3,500 in just the first five years of your loan, according to research conducted by the Consumer Financial Protection Bureau.