As of June 9, 2021, the average 30-year fixed mortgage rate is 2.99%. The average 15-year fixed mortgage rate is 2.24%. Other key current rates are listed in the table below:
Mortgage Type | Interest Rate |
---|---|
30-Year Fixed-Rate Mortgage | 2.99% |
20-Year Fixed-Rate Mortgage | 2.80% |
15-Year Fixed-Rate Mortgage | 2.24% |
10-Year Fixed-Rate Mortgage | 2.16% |
7/1 ARM (Adjustable-Rate) | 2.45% |
5/1 ARM (Adjustable-Rate) | 2.42% |
30-Year FHA | 2.55% |
30-Year VA | 2.71% |
30-Year Jumbo | 3.09% |
15-Year Jumbo | 2.29% |
Rates on fixed-rate mortgages continue to be in somewhat of a holding pattern for the past six weeks or so, after a significant rise early in 2021 that then settled down during the month of April.
Nevertheless, current mortgage rates continue to be at historic lows, with the average fixed-rate mortgage sitting below 4% for over two years. It continues to be a great time to buy in terms of today’s mortgage rates, provided of course you can successfully land a property in today’s hot real estate (seller’s) market.
Leave a Comment