What is today’s mortgage rate?
The average 30-year fixed mortgage rate is 4.88%, up from 4.78% last week. 15-year fixed mortgage rates are 4.28%, up from 4.21% last week. Additional mortgage rates can be found in the chart and graph below.
|3-month trend||30-year fixed rate||15-year fixed rate||5/1 ARM||30-year jumbo|
What is a good mortgage interest rate?
A good mortgage interest rate is typically at least equal to the average rate for the mortgage type you are seeking. Ideally, a good mortgage rate should be lower than the average rate. Read this guide to find out how you can get the best mortgage rate.
What is the APR on a mortgage?
The APR, or annual percentage rate, on a mortgage reflects the interest rate, as well as other costs such as broker fees, discount points and some closing costs. The APR is expressed as a percentage. Learn more about a mortgage’s APR, and how it differs from the interest rate.
What is the best credit score to get a mortgage?
A 760 credit score or higher generally will qualify you for the best mortgage rates. However, you don’t need excellent credit to qualify for a mortgage. It’s difficult but possible to get a mortgage with a credit score under 620. Find out more about how your credit score affects your mortgage rate.