As of today, August 4, 2022, the benchmark interest rate is 5.78% for 30-year fixed-rate mortgages, 5.82% for 30-year FHA mortgages, 4.82% for 30-year jumbo mortgages, and 4.90% for 15-year fixed-rate mortgages. These rates are not the teaser rates you may see advertised online, and based on our methodology, should be more representative of what customers can expect based on qualifications. See the Methodology section on this page to learn more about what makes our rates different.
Because mortgage rates can vary, it’s important to compare rates before you take out a home loan. We’ve compiled the best interest rates for different types of mortgages and frequently asked questions to help you better understand what might affect the final rate you receive.
Today’s mortgage rates
Loan type Purchase Refinance
30 years fixed 5,78 % 6,14 %
FHA 30 years fixed 5,82 % 6,27 %
VA 30 years fixed 5,98 % 6,27 %
Jumbo 30 years fixed 4,82 % 4,90 %
20 years fixed 5,34 % 5,72 %
15 years fixed 4,90 % 5,22 %
Jumbo 15 years fixed 4,82 % 4,91 %
10 years fixed 4,87 % 5,15 %
10/6 ARM 5,79 % 6,03 %
7/6 ARM 5,82 % 5,91 %
Jumbo 7/6 ARM 4,62 % 4,80 %
5/6 ARM 5,59 % 5,79 %
Jumbo 5/6 ARM 4,61 % 4,69 %
How to use our mortgage rate table
Our mortgage interest rate table is designed to help you compare the interest rates lenders are offering you to know if they are better or worse. These rates are benchmark interest rates for those with good credit, not the teaser rates that make everyone think they are getting the lowest rate available. Of course, your personal credit profile is a major factor in what interest rate you actually receive from a lender, but you can shop with confidence for either new purchase or refinance rates.