- 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.