30-Year Fixed Mortgage Rates Today
The 30-year fixed is the most popular mortgage in America. Track today's rate, see historical trends, and calculate your payment.
Current Rates
30-Year Rate Trend
Mortgage Rate Trends
Data from FRED (Federal Reserve Economic Data). Weekly average rates.
Understanding the 30-Year Fixed Mortgage
The 30-year fixed-rate mortgage is the most widely used home loan in the United States, chosen by approximately 90% of homebuyers. Its appeal lies in the predictability of fixed monthly payments over three decades.
While the 30-year term means you pay more total interest compared to shorter loans, the lower monthly payment makes homeownership accessible to more buyers and frees up cash for other investments or expenses.
The rate for 30-year fixed mortgages is influenced by the 10-year Treasury yield, Federal Reserve policy, inflation expectations, and overall economic conditions. When Treasury yields rise, mortgage rates typically follow.
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Frequently Asked Questions
What is a 30-year fixed mortgage?
A 30-year fixed mortgage has a fixed interest rate for the entire 30-year loan term. Your principal and interest payment stays the same every month, making budgeting predictable.
Is a 30-year mortgage better than a 15-year?
A 30-year mortgage has lower monthly payments but higher total interest. A 15-year mortgage saves significantly on interest but requires higher monthly payments. The best choice depends on your budget and financial goals.
What credit score do I need for the best 30-year rate?
Borrowers with credit scores of 740 or higher typically receive the best 30-year fixed rates. Scores above 760 may qualify for additional rate discounts with some lenders.
Can I pay off a 30-year mortgage early?
Yes. Most 30-year fixed mortgages allow extra payments without penalty. Making one extra payment per year can shave about 4-5 years off your loan term.