What are mortgage rates today?
On Tuesday, September 29, 2020, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.070% with an APR of 3.290%. The average 15-year fixed mortgage rate is 2.540% with an APR of 2.760%. The 5/1 adjustable-rate mortgage (ARM) rate is 2.910% with an APR of 3.620%. Check out our mortgage calculator for rates customized to your specific financial needs.
Why trust Bankrate?
Bankrate has been the authority in personal finance since it was founded in 1976 as the “Bank Rate Monitor,” a print publication for the banking industry. Bankrate has been surveying and collecting mortgage rate information from the nation’s largest lenders for more than 30 years. Hundreds of top publications, such as The New York Times, Wall Street Journal, CNBC and others, depend on Bankrate as a trusted source of financial information, so you know you’re getting information you can trust.
How Bankrate’s mortgage rates are calculated
Lenders nationwide provide weekday mortgage rates to our comprehensive national survey to bring you the most current rates available. Here you can see the latest marketplace average rates for a wide variety of purchase loans.
Current Mortgage and Refinance Rates
The interest rate table below is updated daily to give you the most current purchase rates when choosing a home loan. APRs and rates are based on no existing relationship or automatic payments. For these averages, the customer profile includes a 740 FICO score and a single family residence. To learn more, see understanding Bankrate’s rate averages.
Current Conventional Fixed-Rate Mortgage Rates
Term APR Interest Rate
10-Year Fixed Rate 3.01% 2.85%
15-Year Fixed Rate 3.07% 2.79%
20-Year Fixed Rate 3.50% 3.27%
30-Year Fixed Rate 3.52% 3.27%