What are today’s current mortgage rates?
On February 26th, 2020, the average rate on the 30-year fixed-rate mortgage is 3.55%, the average rate for the 15-year fixed-rate mortgage is 3.104%, and the average rate on the 5/1 adjustable-rate mortgage (ARM) is 3.687%. 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.
Current mortgage and refinance rates
Accurate as of 02/26/2020.
|30-year fixed rate||3.373%||3.550%|
|20-year fixed rate||3.248%||3.474%|
|15-year fixed rate||2.821%||3.104%|
|5/1 ARM rate||2.891%||3.687%|
|5/1 ARM jumbo rate||2.813%||3.832%|
|7/1 ARM rate||3.347%||3.814%|
|10/1 ARM rate||3.472%||3.857%|
|30-year fixed FHA rate||3.414%||4.489%|
|30-year fixed VA rate||3.152%||3.710%|
|30-year fixed jumbo rate||3.400%||3.473%|
|15-year fixed jumbo rate||3.210%||3.264%|
Data source: NerdWallet mortgage rate index