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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

3.526%
30-year fixed-rate

On Saturday, January 22nd, 2022, the average APR on a 30-year fixed-rate mortgage fell 2 basis points to 3.526%. The average APR on a 15-year fixed-rate mortgage fell 2 basis points to 2.701% and the average APR for a 5/1 adjustable-rate mortgage (ARM) rose 5 basis points to 3.111%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 10 basis points lower than one week ago and 63 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

ProductInterest rateAPR
30-year fixed-rate3.455%3.526%
20-year fixed-rate3.208%3.302%
15-year fixed-rate2.580%2.701%
10-year fixed-rate2.491%2.637%
7/1 ARM3.375%3.301%
5/1 ARM2.941%3.111%
3/1 ARM3.312%3.203%
30-year fixed-rate FHA3.174%3.921%
30-year fixed-rate VA2.991%3.289%

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

Mortgage rates by loan type

Mortgage and refinance rates by state