Compare today's mortgage rates
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
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.
Trends and insights
NerdWallet’s mortgage rate insight
On Sunday, December 4th, 2022, the average APR on a 30-year fixed-rate mortgage rose 1 basis point to 6.206%. The average APR on a 15-year fixed-rate mortgage remained at 5.586% and the average APR for a 5-year adjustable-rate mortgage (ARM) rose 1 basis point to 6.329%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 32 basis points lower than one week ago and 319 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 | 6.104% | 6.206% |
| 20-year fixed-rate | 5.758% | 5.894% |
| 15-year fixed-rate | 5.412% | 5.586% |
| 10-year fixed-rate | 5.363% | 5.614% |
| 7-year ARM | 6.056% | 6.441% |
| 5-year ARM | 5.740% | 6.329% |
| 3-year ARM | 2.340% | 3.371% |
| 30-year fixed-rate FHA | 5.547% | 6.343% |
| 30-year fixed-rate VA | 5.557% | 5.951% |
Data source: ©Zillow, Inc. 2006 – 2021. Use is subject to the Terms of Use
About the author: Holden is NerdWallet's authority on mortgages and real estate. He has reported on mortgages since 2001, winning multiple awards.
Explore more quotes
