As of September 16, 2022, the average 30-year fixed mortgage rate is 6.14% APR. The average 15-year fixed mortgage rate is 5.36% APR. Other key current rates are listed in the table below:
|Mortgage Type||Interest Rate|
|30-Year Fixed-Rate Mortgage||6.14% APR|
|20-Year Fixed-Rate Mortgage||5.88% APR|
|15-Year Fixed-Rate Mortgage||5.36% APR|
|7 Year ARM (Adjustable-Rate)||5.45% APR|
|5 Year ARM (Adjustable-Rate)||5.34% APR|
|30-Year FHA||6.17% APR|
|30-Year VA||5.55% APR|
|30-Year Jumbo||5.80% APR|
|15-Year Jumbo||5.34% APR|
Mortgage interest rates continue to climb — this is the first time that the 30-Year Fixed Mortgage Rate average has exceeded 6% since 2008 (according to Freddie Mac).
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.