30-Year Mortgage Rate Trends — Updated Weekly
On this page, you can view 30-year mortgage rate trends dating back to the beginning of last year. We also provide the current average rates based on Freddie Mac's weekly survey of the lending industry. We update this page weekly, in order to give you the most current trends and information available.
Latest Rates Reported by Freddie Mac 30-year fixed 15-year fixed 5-year ARM 1-year ARM 4.33% 3.35% 3.08% 2.57% Apply online:
30-Year Fixed Mortgage Rate Trends
The table below shows 30-year mortgage trends for 2014, as well as an archive for 2013. Please see our disclaimer below the rate table. It explains that your interest rate will vary, based on a variety of qualifying factors.
Mortgage Rate Trends for 2014 Week Ending Average 30-Year Fixed From Previous Week Feb 20 4.33% +0.05% Feb 13 4.28% +0.05% Feb 6 4.23% -0.09% Jan 30 4.32% -0.07% Jan 23 4.39% -0.02% Jan 16 4.41% -0.10% Jan 9 4.51% -0.02% Jan 2 4.53% +0.05%
Mortgage Rate Trends for 2013 Week Ending Average 30-Year Fixed From Previous Week Dec 26 4.48% +0.01% Dec 19 4.47% +0.05% Dec 12 4.42% -0.04% Dec 5 4.46% +0.17% Nov 27 4.29% +0.07% Nov 21 4.22% -0.13% Nov 14 4.35% +0.19% Nov 7 4.16% +0.06% Oct 31 4.10% -0.03% Oct 24 4.13% -0.15% Oct 17 4.28% +0.05% Oct 10 4.23% +0.01% Oct 3 4.22% -0.10% Sep 26 4.32% -0.18% Sep 19 4.50% -0.07% Sep 12 4.57% Unchanged Sep 5 4.57% +0.06% Aug 29 4.51% -0.07% Aug 22 4.58% +0.18% Aug 15 4.40% Unchanged Aug 8 4.40% +0.01% Aug 1 4.39% +0.08% July 25 4.31% -0.06% July 18 4.37% -0.14% July 11 4.51% +0.22% July 3 4.29% -0.17% June 27 4.46% +0.53% June 20 3.93% -0.05% June 13 3.98% +0.07% June 6 3.91% +0.10% May 30 3.81% +0.22% May 23 3.59% +0.08% May 16 3.51% +0.09% May 9 3.42% +0.07% May 2 3.35% -0.05% April 25 3.40% -0.01% April 18 3.41% -0.02% April 11 3.43% -0.11% April 4 3.54% -0.03% March 28 3.57% +0.03% March 21 3.54% -0.09% March 14 3.63% +0.11% March 7 3.52% +0.01% February 28 3.51% -0.05% February 21 3.56% +0.03% February 14 3.53% Unchanged February 7 3.53% Unchanged January 31 3.53% +0.11% January 24 3.42% +0.04% January 17 3.38% -0.02% January 10 3.40% +0.06% January 3 3.34% -0.01%
Disclaimers: The interest rate assigned to your loan will vary, based on your individual qualifications as a borrower. The 30-year mortgage rate trends shown above are just averages compiled by Freddie Mac. There is no guarantee you will qualify for them. On the other hand, some borrowers will qualify for a rate that is lower than the averages shown above. These are borrowers with excellent credit scores, low debt-to-income ratios, and sizable down payments.
The 30-year mortgage rate trends on this page are provided for general use only. We make no guarantees about the terms you will receive from a lender. Ultimately, that is between you and your lender. When you compare today's rates across multiple lending institutions, you should bear in mind the concept of the "well-qualified borrower." Most banks advertise the lowest rates they are willing to offer at any given time. But these are generally reserved for borrowers with excellent credit, minimal debt, and sizable down payments.
In other words, you might not qualify for the mortgage rates shown on the lender's website. The only way to know for sure is to apply for a loan. You can learn more about comparison shopping below.
Freddie Mac: Each week Freddie Mac conducts a survey of lenders in the primary mortgage market. Their survey group includes about 125 lenders located throughout the United States. This survey group is meant to provide a general snapshot of current trends in the lending industry. We pull this data into the Weekly Snapshot every Thursday. This helps you compare mortgage rates in the U.S., by viewing the market through a broader lens.
How to Compare Today's Mortgage Rates
How do you compare interest rates when shopping for a mortgage loan? What steps are involved? What does it take to qualify for the best rates? These are some of the most common questions we receive from first-time home buyers. Here are some things to keep in mind as you compare mortgage rates and lenders.
- Lenders typically promote their lowest rates on their websites, magazine ads and billboards. But only the most highly qualified borrowers will meet the criteria needed to obtain these rates. Read the fine print, and you will probably find something that says "reserved for well-qualified borrowers."
- The lender will assign your interest rate based on several factors. These factors include your credit score, down payment, employment history, debt-to-income ratio and other factors. Learn more
- You can compare mortgage rates using a variety of tools and websites. The Freddie Mac weekly survey is a good indicator, because it compiles data from about 125 lenders. (You can see this survey at the top of this page.) You can also use websites such as Bankrate.com to view current lending trends.
- If you want to qualify for a bank's lowest rate, you will probably have to pay interest points at closing. Points are basically pre-paid interest. You pay this money at closing in order to "buy down" the rate that is assigned to your mortgage loan. In order to recoup this upfront expense, you will need to keep the loan for a certain period of time. Learn more
This page offers tools and information to help you compare mortgage rates being offered in the current market today. If you would like to learn more about home loans and the home-buying process, you can use the search tool located at the top of this page. There are literally hundreds of mortgage-related articles and tutorials on this website. We also encourage you to continue your research beyond this website.
Additional disclaimers: This page offers 30-year mortgage rate trends dating back several months. These numbers represent an average of rates being offered by banks and financial institutions in the United States. This information is provided for educational purposes only. We have no control over the interest rate you receive from a lender. This will depend on your credit score and other factors related to your financial situation (something we've been saying all along). The current rates and trends displayed on this page are based on well-qualified borrowers who paid an average of 0.75 points at closing. Thus, these numbers will not apply to all borrowers.
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