Updated Weekly from Freddie Mac PMMS

Today's Mortgage Interest Rates

Compare current mortgage rates across loan types. Live data from the Federal Reserve Economic Data (FRED) API.

Sunday, May 3, 2026

Popular Loan Types

Most commonly searched mortgage rates

All Mortgage Rate Types

Compare rates across conventional, government, and specialty loans

Loan TypeCurrent RateChangeEst. Payment*
6.88%-0.07%$1,946/moDetails
6.13%-0.08%$2,531/moDetails
6.38%0.00%$1,847/moDetails
6.50%-0.01%$1,872/moDetails
6.25%-0.03%$1,823/moDetails
7.13%-0.05%$4,662/moDetails
8.50%-0.02%Variable/moDetails
6.75%-0.03%$1,921/moDetails

*Based on $300,000 loan amount. Actual payments vary by credit score, down payment, and lender.

Specialty & Equity Rates

Additional loan types for refinancing, jumbo loans, and home equity

What Drives Mortgage Rates?

01

Federal Reserve Policy

The Fed's monetary policy decisions on benchmark interest rates directly influence borrowing costs across the economy.

02

10-Year Treasury Yield

Mortgage rates closely track the 10-year Treasury. When bond prices rise, yields and mortgage rates tend to fall.

03

Inflation Expectations

Higher inflation expectations push lenders to charge more to maintain real returns, raising mortgage rates.

04

Your Credit Profile

Your credit score, DTI ratio, down payment size, and chosen loan type all affect the rate you personally qualify for.

How to Get the Best Rate

Boost your credit score above 740 for top-tier rates
Put down 20%+ to avoid PMI and qualify for lower rates
Shop 3-5 lenders within 14 days (counts as single credit inquiry)
Consider buying discount points if you plan to stay 5+ years
Lock your rate once you find a competitive offer
Compare APR, not just rate — APR includes all fees and costs

About This Data

Live rates are sourced from the Freddie Mac Primary Mortgage Market Survey (PMMS) via the Federal Reserve Economic Data (FRED) API. The PMMS surveys lenders nationwide each week and is the most widely cited source for average U.S. mortgage rates. Other rates shown are sample national averages. Actual rates depend on credit score, down payment, loan amount, property location, and lender.

Ready to Calculate Your Payment?

See exactly how today's rates affect your monthly mortgage payment, total interest, and home affordability.