Current mortgage rates
The table below shows this week’s U.S. national average fixed mortgage rates from the Freddie Mac Primary Mortgage Market Survey, published through FRED and updated weekly. These are averages for well-qualified borrowers, not offers; your own rate depends on credit, equity, loan size, points, and when you lock.
| Loan | Average rate | Weekly change | Week of |
|---|---|---|---|
| Loading the latest weekly averages from /api/rates… | |||
Source: Freddie Mac via FRED · Updated weekly
Where these rates come from
Every figure on this page comes from the Freddie Mac Primary Mortgage Market Survey (PMMS), published through FRED (Federal Reserve Bank of St. Louis). Freddie Mac surveys lenders about the rates they offer on conventional, conforming, fully amortizing home-purchase loans for borrowers who put 20% down and have excellent credit. The survey is released weekly, typically on Thursday. This site stores each release and shows the change from the prior week. The same data is available as JSON at /api/rates. Nothing on this page is a quote or an estimate made by MyMortgageRateTracker.
Why your quote will differ
A survey average describes a typical strong borrower. Lenders price each loan individually, so your quoted rate can be higher or lower. The main factors are:
- Credit score. Lower scores carry pricing adjustments.
- Down payment or equity. Less than 20% usually means higher pricing and mortgage insurance.
- Loan type and size. FHA, VA, jumbo, and adjustable-rate loans are priced differently from the conforming fixed loans in the survey.
- Points. Paying discount points lowers the rate in exchange for cash at closing; the survey reports average points alongside the rate.
- Property and occupancy. Condos, multi-unit homes, second homes, and investment properties are priced higher.
- Timing. Lenders reprice daily, and sometimes intraday, as bond markets move. A weekly average lags those moves.
What moves mortgage rates
Fixed mortgage rates track longer-term bond yields, especially the 10-year Treasury, plus a spread that reflects lender costs and investor demand for mortgage-backed securities. Inflation data, Federal Reserve policy expectations, employment reports, and overall market risk appetite move those yields. The Federal Reserve’s policy rate does not set mortgage rates directly, but expectations about it influence the bond market.
Using the weekly average
Use the trend, not a single week. If the average has fallen well below the rate on your current loan, get written Loan Estimates from more than one lender and run the refinance break-even calculator with the real closing costs. If you are buying, plug a quoted rate into the mortgage payment calculator. To be notified when the average reaches a specific number, set a target rate.
Frequently asked questions
How often are these mortgage rates updated?
Weekly. Freddie Mac publishes the Primary Mortgage Market Survey once a week, usually on Thursday, and this page shows the most recent release.
Are these the rates I will be offered?
Not necessarily. They are national averages for borrowers with strong credit and 20% down on conventional loans. Your quote depends on your credit, equity, loan type, points, and timing.
Why is there no rate shown when JavaScript is disabled?
Rates are loaded live from the site’s rate feed so that the page never shows a stale or invented number. The same data is available directly at /api/rates.
Does the Federal Reserve set mortgage rates?
No. The Federal Reserve sets a short-term policy rate. Fixed mortgage rates follow longer-term bond yields, which react to inflation, economic data, and expectations about Fed policy.