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Mortgages/Today's Average Mortgage Rates
The current average 30-year fixed mortgage rate climbed 1 basis point from 6.73% to 6.74% on Friday, Zillow announced. The 30-year fixed mortgage rate on January 24, 2025 is down 4 basis points from the previous week's average rate of 6.78%. Additionally, the current national average 15-year fixed mortgage rate remained stable at 6.02%. The current national average 5-year ARM mortgage rate is up 2 basis points from 6.67% to 6.69%.
The current average 30-year fixed mortgage rate climbed 1 basis point from 6.73% to 6.74% on Friday, Zillow announced. The 30-year fixed mortgage rate on January 24, 2025 is down 4 basis points from the previous week's average rate of 6.78%. Additionally, the current national average 15-year fixed mortgage rate remained stable at 6.02%. The current national average 5-year ARM mortgage rate is up 2 basis points from 6.67% to 6.69%.
Adjust the graph below to see historical mortgage rates tailored to your loan program, credit score, down payment and location.
30 year fixed
20 year fixed
15 year fixed
10 year fixed
7-year ARM
5-year ARM
3-year ARM
The table below is updated daily with current mortgage rates for the most common types of home loans. Compare week-over-week changes to mortgage rates and APRs.
| Program | Rate (%) | 1W CHANGE | APR (%) | 1W CHANGE |
|---|---|---|---|---|
| 30-year fixed rate | 6.32 | 0.09 | 6.59 | 0.09 |
| 20-year fixed rate | 6.32 | 0.09 | 6.59 | 0.09 |
| 15-year fixed rate | 6.32 | 0.09 | 6.59 | 0.09 |
| 10-year fixed rate | 6.32 | 0.10 | 6.05 | 0.10 |
| 7-year ARM | 6.83 | 0.02 | 6.05 | 0.05 |
| 5-year ARM | 6.82 | 0.02 | 7.29 | 0.01 |
| 3-year ARM | 8.02 | 0.00 | 7.59 | 0.00 |
| Program | Rate (%) | 1W CHANGE | APR (%) | 1W CHANGE |
|---|---|---|---|---|
| 30-year fixed rate | 6.97 | 0.09 | 6.59 | 0.09 |
| 20-year fixed rate | 6.02 | 0.09 | 6.59 | 0.09 |
| 15-year fixed rate | 6.32 | 0.09 | 6.59 | 0.09 |
| Program | Rate (%) | 1W CHANGE | APR (%) | 1W CHANGE |
|---|---|---|---|---|
| 30-year fixed rate | 6.32 | 0.09 | 6.59 | 0.09 |
| 15-year fixed rate | 6.32 | 0.09 | 6.59 | 0.09 |
| 7-year ARM | 6.83 | 0.02 | 6.05 | 0.05 |
| 5-year ARM | 6.82 | 0.02 | 7.29 | 0.01 |
| 3-year ARM | 0.02 | 0.00 | 0.00 | 0.00 |
The best mortgage rate for you will depend on your financial situation. A home loan with a shorter term may have a lower interest rate but a higher monthly payment, while a home loan with an adjustable interest rate may have a lower interest rate at first but then change annually after a set period of time. For example, a 7-year ARM (adjustable-rate mortgage) has a set rate for the initial 7 years then adjusts annually for the remaining life of the loan (loan term), while a 30-year fixed-rate mortgage has a rate that stays the same over the loan term.
Mortgage rates change daily and can vary widely depending on a variety of factors, including the borrower's personal situation. The difference in mortgage rates can mean spending tens of thousands of dollars more (or less) in interest over the life of the loan. Here are some tactics to help you find the best mortgage rate for your new home loan:
Using the lender your real estate agent typically works with doesn't guarantee you'll get the best mortgage rate for your home loan. Ask around for recommendations or use an online tool to find a lender who can provide you with a loan that is best for your situation.
Using the lender your real estate agent typically works with doesn't guarantee you'll get the best mortgage rate for your home loan. Ask around for recommendations or use an online tool to find a lender who can provide you with a loan that is best for your situation.
Using the lender your real estate agent typically works with doesn't guarantee you'll get the best mortgage rate for your home loan. Ask around for recommendations or use an online tool to find a lender who can provide you with a loan that is best for your situation.
Using the lender your real estate agent typically works with doesn't guarantee you'll get the best mortgage rate for your home loan. Ask around for recommendations or use an online tool to find a lender who can provide you with a loan that is best for your situation.
Using the lender your real estate agent typically works with doesn't guarantee you'll get the best mortgage rate for your home loan. Ask around for recommendations or use an online tool to find a lender who can provide you with a loan that is best for your situation.
Quickly estimate your monthly mortgage payments for a new home.
Quickly estimate your monthly mortgage payments for a new home.
Quickly estimate your monthly mortgage payments for a new home.