Current 20-year mortgage rates

By Zach Wichter

On , the national average 20-year fixed mortgage APR is 3.210%. The average 20-year refinance APR is 3.300%, according to Bankrate’s latest survey of the nation’s largest mortgage lenders.

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About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our "Advertisers"). Other lenders' terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a "Next" button that can be used to click-through to the Advertiser's own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertisers phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $548,250 May Have Different Loan Terms: If you are seeking a loan for more than $548,250, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

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How to use our mortgage rate table to find personalized rates

The table above will show you estimated mortgage rates from different lenders, tailored to you. Fill out the fields above as accurately as possible so we can get a sense of where you live, what you’re looking to do and your financial situation. Based on the information provided, you will get custom quotes and be on your way to getting a new mortgage. This is an estimate; your actual rate will depend on a number of factors.

Today's 20-year mortgage rates

The table below brings together a comprehensive national survey of mortgage lenders to help you know what are the most competitive 20-year mortgage rates. This interest rate table is updated daily to give you the most current rates when choosing a 20-year fixed mortgage loan.

Product Interest Rate APR
30-Year Fixed 3.170% 3.380%
20-Year Fixed 3.040% 3.210%
15-Year Fixed 2.430% 2.720%
10-Year Fixed 2.400% 2.620%
7/1 ARM 3.420% 3.980%
5/1 ARM 3.200% 3.840%
10/1 ARM 3.340% 4.040%
30-Year Fixed VA 2.830% 3.020%
30-Year Fixed FHA 2.770% 3.660%
30-Year Fixed-Rate Jumbo 3.190% 3.310%
15-Year Fixed Jumbo 2.440% 2.520%
7/1 ARM Jumbo 3.660% 3.990%
5/1 ARM Jumbo 3.280% 3.670%

How Bankrate mortgage rates are calculated

Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of purchase loans. The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single family residence. To learn more, see understanding Bankrate rate averages.

Why trust Bankrate?

Bankrate has been the authority in personal finance since it was founded in 1976 as the “Bank Rate Monitor,” a print publication for the banking industry. Bankrate has been surveying and collecting mortgage rate information from the nation’s largest lenders for more than 30 years. Hundreds of top publications, such as The New York Times, Wall Street Journal, CNBC and others, depend on Bankrate as a trusted source of financial information, so you know you’re getting information you can trust.

Top 5 Bankrate 20-year mortgage lenders

  • Better.com – Best online lender
  • HSBC Bank – Best bank lender
  • McGlone Mortgage Group – Best overall
  • AmeriSave Mortgage Corporation – Best non-bank lender
  • Cardinal Financial Company – Best for low-credit score borrowers

Methodology

Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.

Better.com – Best online lender

Better.com, an online mortgage lender also known as Better Mortgage, is one of Bankrate’s top lenders overall, and also a best lender for refinancing and cash-out refinancing.

Strengths: Better.com’s digital home loan process allows you to get a preapproval in as little as three minutes and view 20-year and other mortgage rates online. The lender doesn’t charge origination or hidden fees, either.

Weaknesses: If you’re looking for an in-person experience when you get a mortgage, you’ll need to look elsewhere, as Better.com has no brick-and-mortar locations. (The lender does offer robust support through its website, however.)

Read Bankrate's Better.com mortgage review

HSBC Bank – Best bank lender

HSBC Bank is a global institution offering banking, lending and wealth management and a variety of products and services.

Strengths: Some of HSBC Bank’s loan options come with closing cost credits (for both banking clients and non-customers), which can save you money. The bank also offers what it calls “Family Assisted Financing” that allows relatives to help a borrower get a mortgage or refinance. (This is only available to banking clients, however.)

Weaknesses: If you’re interested in a 20-year loan, you’ll have to contact a loan officer to find out rates; HSBC Bank online only advertises rates for 30- and 15-year terms.

Read Bankrate's HSBC Bank USA mortgage user reviews

McGlone Mortgage Group – Best overall

McGlone Mortgage Group, owned by Homestead Funding Corp., is available in 45 states and Washington, D.C.

Strengths: McGlone Mortgage Group’s convenient mobile app allows you to prequalify for a loan, begin your application, scan and upload documents and calculate estimated mortgage payments.

Weaknesses: The rates on 20-year mortgages and other types of loans aren’t displayed on McGlone Mortgage Group’s website. You’ll have to fill out a short questionnaire to get in touch with the lender and learn what you might qualify for.

Read Bankrate's McGlone Mortgage Group user reviews

AmeriSave Mortgage Corporation – Best non-bank lender

AmeriSave Mortgage Corporation is an online mortgage lender available in every state (minus New York) and Washington, D.C. It’s one of Bankrate’s top lenders overall and best FHA lenders.

Strengths: Similar to competitors, AmeriSave Mortgage Corporation provides rate quotes quickly, and aims to close loans in “days, not weeks,” according to its website. Like other lenders, it offers 20-year loans, including rate-and-term and cash-out refinancing.

Weaknesses: You’ll have to pay a $500 application fee.

Read Bankrate's AmeriSave Mortgage Corporation review

Cardinal Financial Company – Best for low-credit score borrowers

Cardinal Financial Company, also doing business as Sebonic Financial, has both brick-and-mortar locations and online service for borrowers. The lender offers a range of loan products, including 30-year, 20-year and 15-year mortgages.

Strengths: Borrowers across the country can work with Cardinal Financial — it’s licensed in all states. The lender accepts credit scores as low as 620 for a conventional loan, 660 for a jumbo loan, 580 for an FHA or USDA loan and 550 for a VA loan.

Weaknesses: You won’t find current rates for a 20-year mortgage or other loan on Cardinal Financial’s website; you’ll need to contact the lender to get a real-time quote.

Read Bankrate's Cardinal Financial Company mortgage review

  • What is a 20-year fixed-rate mortgage?

  • Should you consider a 20-year mortgage?

  • Pros and cons of a 20-year mortgage

  • Fees to consider with a 20-year mortgage

How to find the best mortgage for you

Once you’ve settled on the length of the mortgage, it’s time to do your research to find the best mortgage for you (see these five kinds of mortgages to consider). This due diligence will mean comparing mortgage rates from several lenders, which might include mortgage brokers, traditional banks and online lenders. It’s smart to prepare for your mortgage search by reviewing your credit report to confirm it’s correct and evaluating your financial landscape to determine how much you can afford to put toward a home each month. “The key is to make sure the client is comfortable with their budget and payment,” says Reiling.

While there is no official “best season” to shop for a mortgage since rates are driven by the market and overall economic landscape, Reiling says, “Banks are much more competitive on rates when business is slow, which tends to be in the dead of winter around January or February.”

Learn more about fixed-rate loans

Written by: Zach Wichter, mortgage reporter for Bankrate

Zach Wichter is a mortgage reporter at Bankrate. He previously worked on the Business desk at The New York Times where he won a Loeb Award for breaking news, and covered aviation for The Points Guy.

Read more from Zach Wichter

Learn more about specific loan type rates
Loan Type Purchase Rates Refinance Rates
The table above links out to loan-specific content to help you learn more about rates by loan type.
30-Year Loan 30-Year Mortgage Rates 30-Year Refinance Rates
20-Year Loan 20-Year Mortgage Rates 20-Year Refinance Rates
15-Year Loan 15-Year Mortgage Rates 15-Year Refinance Rates
10-Year Loan 10-Year Mortgage Rates 10-Year Refinance Rates
FHA Loan FHA Mortgage Rates FHA Refinance Rates
30-Year FHA Loan 30-Year FHA Loan Rates 30-Year FHA Refinance Rates
VA Loan VA Mortgage Rates VA Refinance Rates
ARM Loan ARM Mortgage Rates ARM Refinance Rates
5/1 ARM 5/1 ARM Rates 5/1 Refinance Rates
7/1 ARM 7/1 ARM Rates 7/1 Refinance Rates
10/1 ARM 10/1 ARM Rates 10/1 Refinance Rates
Jumbo Loan Jumbo Mortgage Rates Jumbo Refinance Rates
30-Year Jumbo Loan 30-Year Jumbo Loan Rates 30-Year Jumbo Refinance Rates

Calculators