Recent rates

national average rates

There are thousands of financial institutions originating loans across the United States.  This table breaks down their average rates based on the top three loan types, updated daily. 

our average rates

Our rates are based on top-tier scenarios from multiple lenders, factoring in various buy-ups and buy-downs. The APR would vary depending on the lender you choose. However, because we don’t charge origination or any other fees, it’s closer to the interest rate than it typically would be.

0
financial institutions

That’s how many banks, credit unions, savings associations, and mortgage businesses originated loans in 2019, according to latest MHDA data. 

0
basis points
That’s the median spread between the highest and lowest quote for a conventional loan. For VA loans, the spread is even greater at 109 points!
$ 0
interest payments

That’s the amount you’d overpay in interest after just five years if you accept an offer on the higher end of that spread with an average loan scenario. Over 30 years, that number would be $70,583.

*based on: 700 credit score, $354,500 loan amount, and a 30-yr FRM conventional mortgage. Quotes compared: 3.00% & 3.97%

want more mortgage data?

become a mortgage market insider

If you’re a data-phile like us, you’ll want to sign up for our Mortgage Market Insider. It’s a weekly report we produce, summarizing important industry highlights, news, and rate predictors to pay attention to. We do our homework so you don’t have to.

3-Mortgage Market Insider

Frequently asked questions

No one thing affects rates. Rates are determined by an accumulation of Federal Reserve actions, government policy, economic conditions, inflation/deflation, supply and demand, and lender capability.

Rates are updated twice a day.

Your interest rate is the portion (or percentage) of the loan that you will pay in addition to the principal amount. APR stands for annual percentage rate and factors in other costs and fees that may be included in your mortgage payments in addition to principal and interest, such as mortgage insurance.

Scroll to Top