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Compare current mortgage rates for today
Written by
- • Mortgages
- • Mortgage refinancing
Edited by
- • Homebuying
- • Mortgages
Reviewed by
- • Personal finance
- • Investing
Edited by
- • Homebuying
- • Mortgages
Reviewed by
- • Personal finance
- • Investing
Advertiser Disclosure
You have money questions. Bankrate has answers.
Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or when you click on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. However, this compensation in no way affects Bankrate’s news coverage, recommendations or advice as we adhere to strict editorial guidelines.
Our advertisers do not compensate us for favorable reviews or recommendations. Our site has comprehensive free listings and information for a variety of financial services from mortgages to banking to insurance, but we don’t include every product in the marketplace. In addition, though we strive to make our listings as current as possible, check with the individual providers for the latest information.
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Written by
- • Mortgages
- • Mortgage refinancing
Edited by
- • Homebuying
- • Mortgages
Reviewed by
- • Personal finance
- • Investing
At Bankrate, we take the accuracy of our content seriously.
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced.
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On Thursday, July 10, 2025, the national average 30-year fixed mortgage APR is 6.80%. The average 15-year fixed mortgage APR is 6.03%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
On Thursday, July 10, 2025, the national average 30-year fixed mortgage APR is 6.80%. The average 15-year fixed mortgage APR is 6.03%, according to Bankrate's latest survey of the nation's largest mortgage lenders.
Top offers on Bankrate vs. national average interest rates
Hover for more
APRs not included. For our most recent APR information, please visit our
How our rates are calculated
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate. Learn more about how we collect, display and report mortgage rates.
For the week of July 6th, top offers on Bankrate are X% lower than the national average. On a $340,000 30-year loan, this translates to $XXX in annual savings.
Today's national mortgage interest rate trends
For today, Thursday, July 10, 2025, the current average interest rate for the benchmark 30-year fixed mortgage is 6.74%, increasing 4 basis points compared to this time last week. If you're looking to refinance, today's average interest rate for a 30-year fixed refinance is 6.82%, unchanged since the same time last week. Meanwhile, the current average 15-year refinance interest rate is 6.13%, rising 7 basis points since the same time last week. Whether you need a mortgage now or plan to get one in the next year or two, it’s crucial to compare offers. Bankrate can connect you with current offers on various types of loans, often well below the national average. We display the lender’s interest rate, APR (rate plus costs) and estimated monthly payment to help you more easily find the best mortgage for your needs.Weekly national mortgage interest rate trends
Current mortgage rates
| 30 year fixed | 6.70% | |
| 15 year fixed | 5.88% | |
| 10 year fixed | 5.83% | |
| 5/1 ARM | 6.04% |
Today's national mortgage interest rate trends
For today, Thursday, July 10, 2025, the current average interest rate for the benchmark 30-year fixed mortgage is 6.74%, increasing 4 basis points compared to this time last week. If you're looking to refinance, today's average interest rate for a 30-year fixed refinance is 6.82%, unchanged since the same time last week. Meanwhile, the current average 15-year refinance interest rate is 6.13%, rising 7 basis points since the same time last week. Whether you need a mortgage now or plan to get one in the next year or two, it’s crucial to compare offers. Bankrate can connect you with current offers on various types of loans, often well below the national average. We display the lender’s interest rate, APR (rate plus costs) and estimated monthly payment to help you more easily find the best mortgage for your needs.Mortgage rate news this week - July 10, 2025
Mortgage rates rise as economic uncertainty continues
Mortgage rates increased this week, with 30-year fixed-rate loans averaging 6.78 percent, according to Bankrate’s latest lender survey. While mortgage rates have held below the 7 percent threshold for much of the year, they’ve remained high enough that the spring homebuying season has been a disappointment. Home sales this spring were at their lowest levels since the days of 2009.
Last month, the Federal Reserve decided to hold the federal funds rate steady, given the economic uncertainty around President Donald Trump's tariff policies. While the Fed's decisions grab all the headlines, mortgage rates generally move not with the central bank’s federal funds rate but with 10-year Treasury yields, which briefly plunged below 4 percent this spring. However, this week, 10-year Treasury rates were about 4.3 percent.
Experts split on rate direction for upcoming week
"After several consecutive weeks of rate declines, I anticipate a continued gradual decrease in interest rates. I expect only modest fluctuations within today’s range. A slight dip is more probable, but remain alert — economic news or bond movements could sway rates fairly quickly." - July 8
"After several consecutive weeks of rate declines, I anticipate a continued gradual decrease in interest rates. I expect only modest fluctuations within today’s range. A slight dip is more probable, but remain alert — economic news or bond movements could sway rates fairly quickly." - July 8
"Decent economic data coupled with renewed concerns about escalating government debt are boosting long-term bond yields and mortgage rates." - July 9
"Decent economic data coupled with renewed concerns about escalating government debt are boosting long-term bond yields and mortgage rates." - July 9
"I expect slight upward pressure on rates until the tariff and employment dynamics are settled. - July 9
"I expect slight upward pressure on rates until the tariff and employment dynamics are settled. - July 9
Learn more: Weekly mortgage rate trend predictions
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.74% | 6.80% |
| 20-Year Fixed Rate | 6.44% | 6.51% |
| 15-Year Fixed Rate | 5.93% | 6.03% |
| 10-Year Fixed Rate | 5.78% | 5.86% |
| 30-Year Fixed Rate FHA | 6.57% | 6.63% |
| 30-Year Fixed Rate VA | 6.47% | 6.52% |
| 30-Year Fixed Rate Jumbo | 6.82% | 6.87% |
Rates as of Thursday, July 10, 2025 at 6:30 AM
-
Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.
Learn more about how we collect, display and report mortgage rates.
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 6.82% | 6.88% |
| 20-Year Fixed Rate | 6.49% | 6.55% |
| 15-Year Fixed Rate | 6.13% | 6.21% |
| 10-Year Fixed Rate | 6.06% | 6.14% |
| 30-Year Fixed Rate FHA | 6.66% | 6.72% |
| 30-Year Fixed Rate VA | 6.38% | 6.42% |
| 30-Year Fixed Rate Jumbo | 6.64% | 6.68% |
Rates as of Thursday, July 10, 2025 at 6:30 AM
-
Bankrate’s mortgage rates include national rate and APR averages; Bankrate Monitor (BRM) National Index rate averages; and “top offers”:
- National rate and APR averages: Displayed as daily and weekly averages, these rates and APRs are primarily collected from the 5 largest banks and thrifts across hundreds of markets in the U.S.
- Bankrate Monitor (BRM) National Index rate averages: Reported weekly, this long-standing survey collects rates from banks and thrifts across hundreds of markets in the U.S.
- “Top offers”: Displayed daily and weekly, these are an average of the rates listed first on our rate tables as advertised by our partners. The averages shown are based on the loan type and term selected.
You can compare national average mortgage rates to top offers to see how much you could save when shopping on Bankrate.
Learn more about how we collect, display and report mortgage rates.
How to compare mortgage rates
The rates you see advertised here might not exactly match the rate you're offered due to factors like your credit score, down payment and more. Still, getting the best rate can make a big difference in your monthly budget, and potentially thousands saved in interest over the life of the loan. It’s been proven: Shopping with multiple lenders can save you up to $1,200 a year.
Factors that determine your mortgage rate
Your mortgage rate depends on a number of factors, including your individual credit profile and what’s happening in the broader economy. These variables include:
- Your credit and finances: The better your credit score and higher your income compared to your debt, the better interest rate you’ll get.
- Loan size and type: The size of your loan, down payment and the type of loan all affect your mortgage rate.
- Location of the property: Rates vary based on where the property is located.
- Whether you’re a first-time homebuyer: Many first-time homebuyer loan programs include a lower-rate mortgage.
- Economic factors: Broadly, mortgage rates are impacted by forces like the Federal Reserve, inflation and investor appetite.
- The lender you work with: Lenders set rates based on many factors, including their own supply and demand.
- Mortgage points: Also known as discount points, these additional fees reduce your interest rate. Decide whether they're worth it with our guide to mortgage points.
How does the Federal Reserve affect mortgage rates?
Like any other financial product, the cost of a mortgage fluctuates with the happenings of the economy, including Federal Reserve decisions. The central bank doesn’t set specific mortgage rates, but its policies set the tone for what banks and other lenders charge for loans.
How to refinance your current mortgage
The process of refinancing your mortgage isn’t much different from when you applied for your original mortgage, though it typically costs less and takes less time. Borrowers choose to refinance for many reasons — a lower rate, cashing out equity, removing a co-borrower and more. When you're ready to refi, compare refinance rates and do the math with our refinance calculator.
Next steps to getting a mortgage
Before you start applying for a mortgage, here are some mortgage resources to prepare you for the process:
How to improve your credit score to get a mortgage
The higher your score, the better your approval chances, and the lower the interest rate.
How to save for a down payment
Saving the big chunk of cash you'll need upfront can be tough. These tactics help.
How to choose a mortgage lender
Getting a good loan starts with choosing the right lender.
Income requirements to qualify for a mortgage
Your income helps determine how much you can borrow.
Mortgage FAQ
-
A mortgage is a loan from a bank or other financial institution that helps a borrower purchase a home. The collateral for the mortgage is the home itself. That means if the borrower doesn’t make monthly payments to the lender and defaults on the loan, the lender can sell the home and recoup its money. A mortgage loan is typically a long-term debt taken out for 30, 20 or 15 years. Over this time (known as the loan’s “term”), you’ll repay both the amount you borrowed as well as the interest charged for the loan.
Learn more: What is a mortgage?
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A mortgage rate lock guarantees (with a few exceptions) that the interest rate offered to you will remain available for a set period of time. With a lock, you won’t have to worry if market rates go up between the time you find a home, submit an offer and close. Most lenders offer a 30- to 45-day rate lock free of charge. Often, you’ll need to pay a fee to extend the lock period. Some lenders also offer a “float down” option, which allows you to lower your locked rate if prevailing rates fall — though you’ll likely have to pay a fee for this perk, too.
Learn more: What is a mortgage rate lock? -
The closing costs on a mortgage encompass all of the fees associated with the loan, including the lender’s charges, typically an origination fee often equal to 1 percent of the loan principal and optional points. Closing costs also include third-party fees like the cost of an appraisal and title insurance. All together, these usually run anywhere from 2 percent to 5 percent of the amount you’re borrowing, above and beyond your down payment.
Learn more: Mortgage closing costs -
Depending on your needs, the best mortgage lenders are often the ones that offer the most competitive rates and fees, stellar customer service and convenience.
Learn more: Best mortgage lenders in 2025
Meet our Bankrate experts
Written by: Jeff Ostrowski, Writer and Housing Market Analyst
I cover mortgages and the housing market. Before joining Bankrate in 2020, I spent more than 20 years writing about real estate and the economy for the Palm Beach Post and the South Florida Business Journal. I’ve had a front-row seat for two housing booms and a housing bust. I’ve twice won gold awards from the National Association of Real Estate Editors, and since 2017 I’ve served on the nonprofit’s board of directors.
Edited by: Suzanne De Vita, Managing Editor, Home Lending
I’ve covered the housing market, mortgages and real estate for the past 13 years. At Bankrate, my areas of focus include first-time homebuyers and mortgage rate trends, and I’m especially interested in the housing needs of baby boomers. In the past, I’ve reported on market indicators like home sales and supply, as well as the real estate brokerage business. My work has been recognized by the National Association of Real Estate Editors.
Read more from Suzanne De Vita
Reviewed by: Greg McBride, CFA, Chief Financial Analyst, Bankrate
Greg McBride is a CFA charterholder with more than a quarter-century of experience in personal finance, including consumer lending prior to coming to Bankrate. Through Bankrate.com's Money Makeover series, he helped consumers plan for retirement, manage debt and develop appropriate investment allocations. He is an accomplished public speaker, has served as a Wall Street Journal Expert Panelist and served on boards in the credit counseling industry for more than a decade and the funding board of the Rose Foundation’s Consumer Financial Education Fund.