Mortgage rates can change from day to day and your personal quote can differ materially from a national average. For that reason, we do not label a cached rate table as “today's rate.” Instead, use a current benchmark and compare same-day Loan Estimates or lender quotes for your own scenario.
Current benchmark source
For a widely followed U.S. weekly benchmark, check Freddie Mac's Primary Mortgage Market Survey (PMMS). Freddie Mac reports national survey averages; it is not a personalized quote and does not cover every loan product.
Why Your Mortgage Rate May Be Different
Your offered rate and APR can vary with credit profile, loan-to-value ratio, property and occupancy type, loan term, points/credits, lender pricing, and market conditions. Compare offers using the same loan amount, term, lock period, and point structure.
Rate vs. APR
The interest rate is used to calculate principal-and-interest payments. APR is a broader disclosure that incorporates certain finance charges. APR can help compare offers, but it is not a perfect measure of every future cost or of whether you will keep the loan long enough to recoup upfront fees.
How to Shop Rates
- Request comparable quotes from multiple lenders within a short time window.
- Compare both the interest rate and lender fees/credits.
- Ask whether the quote is locked and for how long.
- Compare the official Loan Estimate once you apply.
- Run the payment at more than one rate so you understand sensitivity to rate changes.
Illustrative Payment Sensitivity
On a $320,000, 30-year fixed-rate loan, principal-and-interest payments are approximately $1,817 at 5.5%, $2,023 at 6.5%, $2,129 at 7.0%, and $2,238 at 7.5%. These examples exclude taxes, insurance, HOA dues, and mortgage insurance.
Model your own payment
Enter the rate from a current lender quote instead of relying on a cached national average.
Open Mortgage Calculator →Primary sources
Rates and lender terms change. Verify current pricing directly with lenders before making a borrowing decision.