Current 30-Year Fixed Mortgage Rate
What is the 30-Year Fixed Mortgage Rate?
The average 30-year fixed mortgage rate determines monthly payments for homebuyers. Higher rates reduce affordability and slow the housing market.
Frequently Asked Questions
What is the current mortgage rate?
The 30-year fixed mortgage rate is published weekly by Freddie Mac. It represents the average rate offered to qualified borrowers nationwide.
When will mortgage rates go down?
Mortgage rates generally fall when the Federal Reserve cuts interest rates or when inflation declines. They closely track the 10-year Treasury yield.