- As of November 13, 2023, the average 30-year fixed mortgage rate is 7.47% APR. The average 15-year fixed mortgage rate is 6.84% APR.
Other key current rates are listed in the table below:
|Mortgage Type||Interest Rate|
|30-Year Fixed-Rate Mortgage||7.47% APR|
|20-Year Fixed-Rate Mortgage||7.18% APR|
|15-Year Fixed-Rate Mortgage||6.84% APR|
|7 Year ARM (Adjustable-Rate)||8.01% APR|
|5 Year ARM (Adjustable-Rate)||8.09% APR|
|30-Year FHA||7.44% APR|
|30-Year VA||6.97% APR|
|30-Year Jumbo||7.55% APR|
|15-Year Jumbo||7.53% APR|
While mortgage interest rates have come down slightly since the highs of October, average rates continue to stick close to the 20-year highs we’ve seen for the last few months. There is currently nothing concrete within the wider economy to suggest that they will move significantly lower anytime soon.
NOTE: these “average” rates encompass a large number of lenders and a large number of different U.S. geographies, so the rates you are quoted may be different than you see here — be sure to shop around.