Mortgage Rates Chart
The Mortgage Rates Chart is a financial reference tool covering mortgage rates chart, mortgage rate history chart, 30 year mortgage rate chart, mortgage interest rate chart. Use the chart below to look up values instantly. Printable and downloadable versions are available on this page.
Current Mortgage Rates by Loan Type
Mortgage rates vary by loan type, term length, credit score, down payment, and lender — the table below shows typical rate ranges as a reference point, not a guarantee.
| Loan Type | Typical Rate Range | Loan Term | Key Features |
|---|---|---|---|
| 30-Year Fixed Conventional Most Popular | 6.5–8.0% | 30 years | Most popular loan type. Fixed payment for the life of the loan. |
| 15-Year Fixed Conventional | 5.8–7.2% | 15 years | Lower rate than 30-year. Higher monthly payment. Less total interest paid. |
| 5/1 ARM | 5.5–7.0% initial | 30 years total (fixed 5 then adjustable) | Rate fixed for 5 years then adjusts annually. Risk of increases after fixed period. |
| 7/1 ARM | 5.7–7.2% initial | 30 years total (fixed 7 then adjustable) | Same as 5/1 but fixed period is 7 years. |
| FHA 30-Year Fixed | 6.0–7.5% | 30 years | Government-backed. Down payment as low as 3.5%. Requires mortgage insurance premium (MIP). |
| VA 30-Year Fixed | 5.8–7.0% | 30 years | For eligible veterans and service members. No down payment required. No private mortgage insurance. |
| USDA 30-Year Fixed | 5.8–7.0% | 30 years | For eligible rural and suburban buyers. No down payment. Income limits apply. |
| Jumbo 30-Year Fixed | 6.8–8.5% | 30 years | Loans above conforming limits ($766,550 in most areas in 2026). Stricter credit requirements. |
Rates shown are illustrative ranges based on market conditions as of 2026. Actual rates depend on your credit score, loan-to-value ratio, lender, and current market. Always get multiple quotes.
Source: Freddie Mac PMMS, Consumer Financial Protection Bureau, lender rate surveys 2026
Historical Average Mortgage Rates by Year
| Year | Average Annual Rate (%) |
|---|---|
| 2000 | 8.05% |
| 2001 | 6.97% |
| 2002 | 6.54% |
| 2003 | 5.83% |
| 2004 | 5.84% |
| 2005 | 5.87% |
| 2006 | 6.41% |
| 2007 | 6.34% |
| 2008 | 6.03% |
| 2009 | 5.04% |
| 2010 | 4.69% |
| 2011 | 4.45% |
| 2012 | 3.66% |
| 2013 | 3.98% |
| 2014 | 4.17% |
| 2015 | 3.85% |
| 2016 | 3.65% |
| 2017 | 3.99% |
| 2018 | 4.54% |
| 2019 | 3.94% |
| 2020 | 3.10% |
| 2021 | 2.96% |
| 2022 | 5.34% |
| 2023 | 6.81% |
| 2024 | 6.72% |
| 2025 | 6.72% |
| 2026 | ~6.72% |
Source: Freddie Mac Primary Mortgage Market Survey (PMMS)
How Credit Score Affects Your Mortgage Rate
Your credit score is one of the most significant factors lenders use to set your mortgage rate — a higher score translates directly to lower monthly payments and less total interest paid over the loan life.
| FICO Credit Score Range | Approximate Rate | Monthly Payment on $300,000 Loan | Total Interest Over 30 Years |
|---|---|---|---|
| 760–850 | 6.4% | $1,876 | $375,360 |
| 700–759 | 6.6% | $1,917 | $390,120 |
| 660–699 | 6.9% | $1,977 | $411,720 |
| 620–659 | 7.5% | $2,098 | $455,280 |
| Below 620 | 8.5%+ | $2,307+ | $530,520+ |
Rates and payments are illustrative examples. Actual rates vary by lender, loan amount, down payment, and market conditions.
Source: myFICO loan savings calculator reference data
Mortgage Rate Glossary
- APR (Annual Percentage Rate) — the true cost of the loan including the interest rate plus fees expressed as an annual percentage. Always compare APRs not just interest rates when shopping lenders.
- Fixed Rate — the interest rate stays the same for the entire loan term. Monthly principal and interest payments never change.
- Adjustable Rate (ARM) — the rate is fixed for an initial period then adjusts periodically based on a benchmark index plus a margin. Rates can go up or down.
- Points — prepaid interest paid at closing to reduce the interest rate. One point equals 1% of the loan amount. Paying points makes sense if you plan to stay in the home long-term.
- Lock Period — a rate lock guarantees your quoted rate for a specific number of days (typically 30, 45, or 60 days) while your loan processes.
- Conforming Loan Limit — the maximum loan amount eligible for purchase by Fannie Mae or Freddie Mac. In 2026 the standard limit is $766,550 in most US counties. Loans above this are jumbo loans.
Mortgage Payment Calculator
Enter your loan amount, interest rate, and term to get an instant breakdown of your monthly payment, total interest paid, and full amortization schedule.
Frequently Asked Questions
What is a good mortgage rate right now?
Mortgage rates change daily based on economic conditions and Federal Reserve policy. Check the current Freddie Mac PMMS weekly survey at freddiemac.com for the latest national average rate.
What credit score do I need for a good mortgage rate?
A FICO score of 740 or above typically qualifies for the best available mortgage rates. Below 620 significantly limits loan options and results in substantially higher rates.
Is a 30-year or 15-year mortgage better?
A 15-year mortgage has a lower interest rate and you pay far less total interest — but the monthly payment is significantly higher. A 30-year mortgage has lower monthly payments and greater cash flow flexibility but costs more over the life of the loan.
What is an ARM mortgage?
An adjustable-rate mortgage (ARM) has a fixed interest rate for an initial period (commonly 5 or 7 years) then adjusts annually based on a market index. ARMs can make sense if you plan to sell or refinance before the fixed period ends.
How do I get the lowest mortgage rate?
Improve your credit score to 740+, save a larger down payment (20%+ to avoid PMI), compare at least three lenders, and consider buying discount points. Shopping multiple lenders on the same day minimises the impact on your credit score.
How much does 1% higher rate cost over a 30-year mortgage?
On a $300,000 loan a 1% higher rate increases the monthly payment by approximately $175 per month. Over 30 years that equals approximately $63,000 in additional interest paid.
What is the difference between interest rate and APR?
The interest rate is the cost of borrowing the principal expressed as a percentage. APR includes the interest rate plus fees and other loan costs — it is the more complete measure of the loan's true cost.
What was the lowest mortgage rate in US history?
The lowest weekly average 30-year fixed rate recorded by Freddie Mac was 2.65% during the week of January 7, 2021. This followed Federal Reserve emergency rate cuts in response to the COVID-19 pandemic.