Mortgage Rates Today

Mortgage rates change with broader market conditions, lender pricing, credit strength, down payment size, and property details.

What moves mortgage rates

• Treasury yields and rate expectations.
• Inflation and labor-market data.
• Credit score, DTI, and down payment.
• Loan term and occupancy.

Common loan types

• 30-year fixed for payment stability.
• 15-year fixed for faster payoff.
• ARMs for lower initial pricing with later reset risk.
• Government-backed options for qualified borrowers.

How to improve mortgage offers

1. Strengthen credit before shopping.
2. Lower other debt.
3. Build a larger down payment.
4. Compare multiple lenders in a focused window.
5. Review APR and closing costs together.

Questions to ask lenders

Ask whether the quoted rate is locked, how long it lasts, which fees are lender-controlled, and what assumptions were used for taxes and insurance.