Current 30 Year Fixed Mortgage Rates

On monday october 05 2020 according to bankrate s latest survey of the nation s largest mortgage lenders the benchmark 30 year fixed mortgage rate is 3 050 with an apr of 3 360.

Current 30 year fixed mortgage rates. Zillow allows you to remain anonymous while comparing loans. Rates are quoted as annual percentage rate apr. Current rates are hovering near three year lows amid. On october 2nd 2020 the average rate on the 30 year fixed rate mortgage is 2 962.

For example many borrowers who select a 30 year fixed rate mortgage refinance well before even 10 years have passed. Nationally 30 year fixed mortgage rates are 3 10. This rate was 3 10 yesterday and 3 12 last week. Find the best rate on the most common loan in the us the 30 year fixed mortgage.

What is today s 30 year fixed mortgage rate. The benchmark 30 year fixed rate hit a record low of 3 52 percent during the week of july 6 2016 according to historical bankrate data. The average rate to refinance a 30 year fixed rate mortgage is 3 14 percent falling 10 basis points over the previous seven days. Of the fixed rate mortgages 30 year terms generally have the highest interest rates and total interest costs and the longer term builds equity more slowly than would a 20 or 15 year term.