Today’s Mortgage Rates
Stay in tune with the current mortgage market, compare rate trends, and learn how rates may impact your monthly payment before buying or refinancing.
Current Mortgage Market Snapshot
Mortgage rates change often based on market conditions. These widgets provide a general snapshot of current market averages.
Important: The rates shown above are market averages for educational purposes. Your actual rate may vary based on credit score, loan amount, property type, occupancy, down payment, loan program, points, and lender pricing.
What Affects Your Mortgage Rate?
Credit Score
Higher credit scores may help improve available pricing.
Loan Program
FHA, VA, Conventional, USDA, Jumbo, and Non-QM loans can price differently.
Down Payment
Your down payment and loan-to-value can impact available rates.
Market Conditions
Inflation, bond markets, economic reports, and investor demand can move rates.
Should You Lock Your Rate?
Should I lock my mortgage rate today?
It depends on your timeline, loan program, risk tolerance, and current market movement. If you are under contract and closing soon, locking may protect you from rate increases. If you are still shopping, we can monitor options and discuss timing.
What causes mortgage rates to rise or fall?
Mortgage rates are influenced by inflation, bond market activity, economic reports, Federal Reserve expectations, investor demand, and overall market uncertainty.
Does the Fed directly set mortgage rates?
No. The Federal Reserve does not directly set mortgage rates, but its policy decisions and economic outlook can influence the markets that affect mortgage pricing.
Can I refinance if rates drop later?
Yes, refinancing may be an option if rates drop or your financial goals change. The key is comparing payment savings, closing costs, break-even time, and long-term interest impact.
How much does my credit score affect my rate?
Credit score can have a major impact on pricing, especially for conventional loans. Other factors matter too, including loan amount, down payment, occupancy, debt-to-income ratio, and property type.
Is paying discount points worth it?
Paying points may lower your interest rate, but it only makes sense if the monthly savings justify the upfront cost. I can help compare the break-even point before you decide.