Today's mortgage rates
As of Jun 9, 11:00 PMLive national averages across the most-shopped mortgage products.
| Product | Rate | APR | Updated |
|---|---|---|---|
| 30-year fixed | 6.38% | 6.51% | Jun 9, 9:20 PM |
| 15-year fixed | 5.75% | 6.01% | Jun 9, 9:20 PM |
| FHA 30-year | 5.99% | 6.84% | Jun 9, 9:20 PM |
| Jumbo 30-year | 6.50% | 6.68% | Jun 9, 9:20 PM |
Rates shown are national averages, not personalized offers. Your actual rate depends on credit, LTV, location, and lender.
Today at a glance
What to do next: Use these averages as a yardstick. Pull at least three personalized quotes within a 14-day window — they count as a single credit inquiry — and compare APR, not just headline rate.
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What today's rates actually mean for you
The averages above are a market benchmark, not an offer. They assume a borrower with strong credit, a conventional conforming loan, an owner-occupied home, and a 20% down payment. Your personal quote can land meaningfully above or below the average depending on these seven factors:
- Credit scoreEach 20-point FICO band can move your rate 0.10–0.25%.
- Down paymentBelow 20% adds PMI; below 10% can add to the rate itself.
- Loan typeConventional, FHA, VA, USDA, and jumbo all price differently.
- Property typePrimary, second home, and investment property each carry premiums.
- Debt-to-incomeDTI above 43% narrows your lender pool and raises pricing.
- LocationState and county affect both rate and closing costs.
- Lender pricingTwo lenders quoting the same borrower can differ by 0.5%.
Rates by loan type
Live averages and who each product tends to suit best.
30-year fixed
Best for: Buyers who want the lowest possible monthly payment and predictable budgeting for the long haul.
Tradeoff: You pay more interest over time than a 15-year, but the lower payment frees up cash flow.
Explore 30-year fixed →15-year fixed
Best for: Buyers with strong income who want to build equity quickly and pay much less interest overall.
Tradeoff: Monthly payments are roughly 40-50% higher than a comparable 30-year fixed.
Explore 15-year fixed →FHA 30-year
Best for: First-time buyers and borrowers with credit scores between 580 and 680 or smaller down payments (3.5%).
Tradeoff: FHA loans require mortgage insurance for the life of the loan in most cases.
Explore FHA 30-year →Jumbo 30-year
Best for: Borrowers above the conforming loan limit (roughly $766K in most counties, higher in HCOL areas).
Tradeoff: Underwriting is stricter — expect 700+ FICO, 20% down, and higher cash reserves.
Explore Jumbo 30-year →Match with the right lender for your file
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Payment examples at today's rates
Estimated principal & interest using live averages — not including taxes, insurance, or PMI.
Starter home — $300,000, 5% down, 30-year fixed
Using today's average 30-year fixed rate of 6.38%.
Estimate only — principal and interest, before taxes, insurance, and PMI. Rates shown are national averages, not personalized offers. Your actual rate depends on credit, LTV, location, and lender.
Move-up home — $450,000, 10% down, 30-year fixed
Using today's average 30-year fixed rate of 6.38%.
Estimate only — principal and interest, before taxes, insurance, and PMI. Rates shown are national averages, not personalized offers. Your actual rate depends on credit, LTV, location, and lender.
Refinance — $350,000 home, 20% equity, 30-year fixed
Using today's average 30-year fixed rate of 6.38%.
Estimate only — principal and interest, before taxes, insurance, and PMI. Rates shown are national averages, not personalized offers. Your actual rate depends on credit, LTV, location, and lender.
Run your own numbers
Plug in your home price, down payment, and credit profile to see a personalized payment.
How to get a lower mortgage rate
- Improve your credit before you apply. Pay down revolving balances under 30% of your limits and dispute reporting errors at least 60 days before submission.
- Shop at least three lenders within 14 days. Multiple mortgage inquiries inside that window count as a single credit pull.
- Compare APR and points, not just rate. A "low rate" with two discount points can cost more than a higher rate with no points.
- Increase your down payment to 20%. You'll drop PMI and unlock better rate tiers.
- Pick the right term. A 15-year fixed can be 0.6–0.9% lower than a 30-year.
- Lock with a float-down. Many lenders will let you re-lock once if rates drop before closing.
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See real rates from multiple lenders without affecting your credit score.
Find the right rate for your goal
Tools and next steps
Calculators, state-specific rate pages, lender reviews, and head-to-head comparisons — pick the block that matches your next move.
Mortgage calculators
Run the numbers before you talk to a lender.
Rates by state
State-by-state averages and local lender picks.
Lender reviews
Independently scored. We don't take payment for placement.
Lender comparisons
Head-to-head matchups on rate, fees, and service.
Mortgage rate FAQs
- •Rates are pulled from a third-party US mortgage rate aggregator and refreshed multiple times per day.
- •We display national averages by product. We do not display offers; we do not receive compensation for the displayed rates themselves.
- •Editorial guidance is reviewed by Maya Patel, CFP® (Certified Financial Planner & mortgage editor) on a 90-day cadence and after any major rate move. Last review: 4/25/2026; next due 7/25/2026.
- •Every claim is fact-checked by GeekPenny Research against primary sources before publication.
- •When live data is briefly unavailable, we fall back to the most recent cached snapshot (within 12 hours) and clearly mark indicative figures.
- US Mortgage Rates aggregator (live API, refreshed several times per day)
- Federal Reserve research on lender shopping behavior
- Consumer Financial Protection Bureau guidance on APR vs interest rate
- Internal scenario calculator (standard amortization formula)
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Rates shown are national averages, not personalized offers. Your actual rate depends on credit, LTV, location, and lender.