Current Mortgage Rates Are Amazing!

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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.

ProductInterest rateAPR
30-year fixed rate3.373%3.550%
20-year fixed rate3.248%3.474%
15-year fixed rate2.821%3.104%
5/1 ARM rate2.891%3.687%
5/1 ARM jumbo rate2.813%3.832%
7/1 ARM rate3.347%3.814%
10/1 ARM rate3.472%3.857%
30-year fixed FHA rate3.414%4.489%
30-year fixed VA rate3.152%3.710%
30-year fixed jumbo rate3.400%3.473%
15-year fixed jumbo rate3.210%3.264%

Data source: NerdWallet mortgage rate index