About the author
Jeff Ostrowski has closely covered two nationwide housing booms and one devastating bust. Before joining Bankrate in 2020, he spent more than 20 years writing about real estate, business, the economy and politics. He previously worked as a reporter at the Palm Beach Post and the South Florida Business Journal.
Since 2019, Jeff has served on the board of the nonprofit National Association of Real Estate Editors. He twice has won gold awards in the group’s journalism contest. His Bankrate coverage of housing affordability was also honored with a Best in Business award from the Society for Advancing Business Editing and Writing.
When he’s not working, Jeff enjoys surfing, biking and traveling, usually with a surfboard or bike.
Today's average 30-year fixed-mortgage rate is 6.52, the average rate for the benchmark 15-year fixed mortgage is 5.81 percent, and the average 5/1 ARM rate is 5.83 percent.
Compare personalized mortgage and refinance rates today from our national marketplace of lenders to find the best current rate for your financial situation.
Find and compare 30-year mortgage rates and choose your preferred lender. Check rates today to learn more about the latest 30-year mortgage rates.
Compare 30-year refinance rates and choose your preferred lender. Check rates today to learn more about the latest 30-year refinance rates.
Get current home equity interest rates and recent rate trends, every week, from Bankrate.com.
A home equity loan lets you borrow against your home’s value. To find the best loan for you, compare loan rates with a few lenders before applying.
A home equity line of credit, or HELOC, is a second mortgage that uses your home as collateral to let you borrow up to a certain amount over time, rather than an upfront lump sum.
They both related to property ownership, but one is a physical thing and the other is abstract.
Mortgage rates are unlikely to fall to 2021 levels, but the big moves could be over for now.
A tug of war is playing out in the mortgage market. Inflation is pushing rates up, while fears of a recession are pulling them back down.
Until inflation is tamed, mortgage rates are likely to keep rising.
The highest inflation in decades will push rates up. But will war in Ukraine pull rates back down?
It’s a mortgage has to adhere to certain standards — to protect both you and the lender.
Some options if you want a house but your savings are small.
