- As of November 1, 2022, the average 30-year fixed mortgage rate is 6.93% APR. The average 15-year fixed mortgage rate is 6.12% APR.
Other key current rates are listed in the table below:
| Mortgage Type | Interest Rate |
|---|---|
| 30-Year Fixed-Rate Mortgage | 6.93% APR |
| 20-Year Fixed-Rate Mortgage | 6.54% APR |
| 15-Year Fixed-Rate Mortgage | 6.12% APR |
| 7 Year ARM (Adjustable-Rate) | 6.31% APR |
| 5 Year ARM (Adjustable-Rate) | 6.19% APR |
| 30-Year FHA | 7.13% APR |
| 30-Year VA | 6.44% APR |
| 30-Year Jumbo | 6.59% APR |
| 15-Year Jumbo | 6.24% APR |
Mortgage interest rates continued to trend up over the last month, but they are currently below the highs we saw in mid-October. While we might see rates hold steady in the short term, there is currently nothing in the wider economy to suggest that they will go 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.