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.
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