National averages
Today's mortgage rates
Survey averages refreshed every weekday afternoon, shown with the bond-market data that explains them. No sign-up, no email gate, no fake countdown.
What's moving rates right now
- 10-Year Treasury 4.65%▼ 0.06
- Fed Funds Rate 3.63%
As of . Economic indicators, not mortgage quotes.
How to read these numbers
An average is a survey result, not an offer. Mortgage News Daily builds its index from what lenders are actually quoting a strong borrower on a conforming loan — good credit, solid equity, a primary residence, no complications. If that describes you exactly, the average is a reasonable starting expectation. If it doesn't, it isn't.
The gap between the average and your rate is priced from specifics:
- Credit score. The jump between tiers is real money. A 780 and a 680 on the same loan are not quoted the same rate, and the spread widens as loan-to-value rises.
- Down payment / equity. Loan-to-value drives both your rate adjustment and whether you carry mortgage insurance.
- Loan amount. Conforming, high-balance, and jumbo are three different pricing worlds, and the boundaries move annually.
- Occupancy and property type. A second home, an investment property, a condo, or a multi-unit each carry their own adjustment.
- Points. The headline number in any advertisement usually assumes you paid to buy the rate down. Always ask what the quote assumes.
This is also why comparing two lenders on rate alone tells you very little. Compare the full cost — rate, points, lender fees, and mortgage insurance — on the same lock period and the same day. Rates move daily; a quote from Tuesday and a quote from Friday are not a comparison.
Rate questions people actually ask
Why is my quoted rate higher than the average I see here?
Because the average describes an idealised borrower on a conforming loan with no adjustments. Your quote prices your credit score, loan-to-value, loan amount, occupancy, property type, and debt-to-income. It also reflects whether points were assumed. Ask any lender to show you their par rate — the rate with zero points — so you're comparing like with like.
Should I wait for rates to drop?
Nobody reliably forecasts rates, including the people paid to. What's knowable is the arithmetic: what the payment costs at today's rate, what waiting costs if home prices in your market keep rising, and what a refinance would cost if rates do fall later. Run those three numbers against your own situation rather than trying to time a market that professional bond traders don't time well either.
What's the difference between the rate and the APR?
The rate determines your monthly principal-and-interest payment. The APR folds in certain lender costs and expresses the loan as a single annualised percentage, so it's meant to make offers comparable. APR is an imperfect tool — it assumes you keep the loan for its full term, which most people don't — but a rate quoted with a much higher APR is telling you there are meaningful costs attached.
Do you sell my information if I look at rates here?
This site collects no application information and has no rate form. If you follow a link to Bloom Lending, you're on their site under their privacy policy. See our privacy policy for what this site does and doesn't collect.
Find out where you actually land
An average can't price your file. Bloom Lending can — credit, property, program, and timeline — and will tell you plainly if waiting is the better move.
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