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.