The most popular mortgage in the U.S. is a 30-year fixed-rate loan. In fact, according to Freddie Mac, 90% of homebuyers opt for this type of home-purchase loan.
The US 30-Year Mortgage Rate is the fixed interest rate that US home-buyers would pay if they were to take out a loan lasting 30 years. There are many different kinds of mortgages that homeowners can decide on which will have varying interest rates and monthly payments.
Check out the mortgage rates charts below to find 30-year and 15-year mortgage rates for each of the different mortgage loans U.S. Bank offers. If you decide to purchase mortgage discount points at closing, your interest rate may be lower than the rates shown here.
Shopping for the lowest 30-year rates? Check out current mortgage rates and save money by comparing your free, customized home loan rates from NerdWallet.
Five-year adjustable rate mortgages, or ARMs, have historically carried lower baseline interest rates than the common 30-year fixed-rate mortgage. Since 2005, rates for the 5/1 hybrid have tracked the decline of the 30-year fixed-rate, with initial rates for the adjustable.
Mortgage rates valid as of 22 May 2019 09:30 am EDT and assume borrower has excellent credit (including a credit score of 740 or higher). Estimated monthly.
On May 24, 2019, according to Bankrate's latest survey of the nation's largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 4.01 percent with.