Today's Mortgage Rates: All Loan Types
Compare current daily and weekly mortgage rates across all major loan types. Powered by Optimal Blue and Freddie Mac data via the Federal Reserve (FRED).
Today's Daily Mortgage Rates
Updated every business day from the Optimal Blue Mortgage Market Indices (OBMMI) via FRED.
Weekly Mortgage Rates (Freddie Mac)
From the Freddie Mac Primary Mortgage Market Survey (PMMS), updated every Thursday.
Daily vs. Weekly Rate Comparison
See how today's daily rates from Optimal Blue compare to the latest weekly survey from Freddie Mac.
| Type | Weekly | Daily | Diff |
|---|---|---|---|
| 30-Year Fixed | 6.46% | 6.33% | -0.13 |
| 15-Year Fixed | 5.77% | 5.69% | -0.08 |
| 5/1 ARM | 6.12% | 6.12% | 0.00 |
| Home Equity | 7.21% | 7.08% | -0.13 |
| HELOC | 7.25% | 7.25% | 0.00 |
| As of | Apr 2 | Apr 6 |
Understanding Each Mortgage Rate Type
Not all mortgage rates are the same. Here's what each loan type means for your monthly payment and total cost.
30-Year Fixed Rate
The most popular mortgage in America. Your rate and monthly payment stay the same for 30 years.
15-Year Fixed Rate
Shorter term with lower rates but higher payments. Pay significantly less total interest.
30-Year FHA Loan
Government-insured loans for first-time buyers. Down payments as low as 3.5% with 580+ credit.
30-Year VA Loan
For eligible veterans and active-duty. Zero down payment, no PMI, competitive rates.
30-Year Jumbo Loan
For loan amounts exceeding $766,550. Requires larger down payments and higher credit scores.
5/1 ARM
Fixed for 5 years, then adjusts annually. Lower initial rate if you plan to move within 5-7 years.
Home Equity Loan
Fixed-rate second mortgage to borrow against your home's equity as a lump sum.
HELOC
Revolving credit line with variable rate tied to Prime Rate. Draw funds as needed.
Current Mortgage Rate Trends
Mortgage rates are influenced by Federal Reserve monetary policy, inflation data, employment reports, and global economic conditions. The rates on this page come from two authoritative sources: Optimal Blue OBMMI for daily rates and Freddie Mac PMMS for weekly averages — both via the Federal Reserve Economic Data (FRED) system.
Daily vs. Weekly Rates: What's the Difference?
Daily rates from Optimal Blue reflect real-time lending activity from actual mortgage locks nationwide, updating every business day. Weekly rates from Freddie Mac, published every Thursday, represent a broader survey widely cited by media and analysts. Both are valuable: daily rates for timing your lock, weekly rates for tracking trends.
How to Get the Best Mortgage Rate
These are national averages. Your rate depends on credit score (aim for 740+), down payment (20%+ avoids PMI on conventional), debt-to-income ratio, loan amount, property type, and lender. Comparing 3-5 lenders can save thousands over your loan's life.
When Should You Lock Your Rate?
If closing within 30-60 days and comfortable with today's rate, locking removes the risk of increases. Many lenders offer float-down options if rates drop after you lock.
Frequently Asked Questions
The current daily 30-year fixed rate is 6.33% (Optimal Blue). The weekly Freddie Mac average is 6.46%. Your actual rate depends on credit score, down payment, and lender.
A "good" rate is at or below the national average. Rates below 6.33% for a 30-year fixed are competitive. Borrowers with 740+ credit and 20%+ down get the best rates.
Daily rates (Optimal Blue) track real-time mortgage locks, updating every business day. Weekly rates (Freddie Mac PMMS) are published Thursdays. Daily is best for lock timing; weekly for trend analysis.
Rates can change multiple times daily based on bond markets. Lenders set morning rates and may reprice mid-day. Optimal Blue updates daily; Freddie Mac publishes weekly on Thursdays.
Fixed-rate offers payment predictability — ideal for long-term stays. ARMs start lower for 5+ years then adjust — better if you plan to move or refinance within the initial period.
Government-insured loans for lower credit or smaller down payments. Qualify with 580+ credit and 3.5% down, or 500-579 with 10% down. Today's FHA rate: 6.09%.
If closing within 30-60 days and comfortable with today's rate, locking eliminates rate-increase risk. Many lenders offer float-down options if rates drop after locking.