With our low rates, you can save big on a 30-year mortgage.
Mortgage Rate Assumptions
The mortgage rates shown on this page make assumptions about you, your home and location, and are accurate as of . Mortgage rates change without notice based on mortgage bond market activity. NMLS 423065.
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A conventional mortgage is a mortgage backed by Fannie Mae or Freddie Mac. Three conventional mortgage programs allow eligible first-time home buyers to make a 3 percent downpayment - HomeReady, Home Possible, and the Conventional 97.
Homebuyer.com 30-year fixed-rate mortgage rates are currently 0.499 percentage points below the average rate of all U.S. lenders.
Our conventional mortgage interest rate is currently 6.375% (6.529%).
| Rate Comparison | Rate Change |
| Change From Yesterday | +0.000% |
| Change From Last Week | +0.125% |
| Change From Last Month | +0.125% |
At today's conventional mortgage rates, a $1,250 mortgage payment can afford a $206,600 home.
FHA mortgages are mortgages insured by the Federal Housing Administration. FHA loans are the most lenient mortgage type with respect to income sources and credit scores. FHA loans home buyers to make a 3.5 percent down payment.
Homebuyer.com 30-year fixed-rate mortgage rates are currently 0.392 percentage points below the average rate of all U.S. lenders.
Our FHA mortgage interest rate is currently 6.125% (7.004%).
| Rate Comparison | Rate Change |
| Change From Yesterday | +0.000% |
| Change From Last Week | +0.135% |
| Change From Last Month | +0.000% |
At today's FHA mortgage rates, a $1,250 mortgage payment can afford a $213,200 home.
A VA mortgage is a mortgage guaranteed by the Department of Veterans Affairs. VA loans are available to veterans, active duty military, and surviving spouses. Down payments are optional for eligible buyers.
Homebuyer.com 30-year fixed-rate mortgage rates are currently 0.090 percentage points below the average rate of all U.S. lenders.
Our VA mortgage interest rate is currently 6.250% (6.616%).
| Rate Comparison | Rate Change |
| Change From Yesterday | +0.000% |
| Change From Last Week | +0.125% |
| Change From Last Month | +0.000% |
At today's VA mortgage rates, a $1,250 mortgage payment can afford a $203,000 home.
USDA mortgages are mortgages guaranteed by the U.S. Department of Agriculture. USDA loans are available in non-urban areas, which can be verified via the USDA eligibility map. Down payments are optional for eligible home buyers.
Homebuyer.com 30-year fixed-rate mortgage rates are currently 0.468 percentage points below the average rate of all U.S. lenders.
Our USDA mortgage interest rate is currently 6.125% (6.702%).
| Rate Comparison | Rate Change |
| Change From Yesterday | +0.000% |
| Change From Last Week | +0.135% |
| Change From Last Month | +0.135% |
At today's USDA mortgage rates, a $1,250 mortgage payment can afford a $205,700 home.
Mortgage rates change every business morning when markets open, and again up to five times daily based on stock and bond market activity. Mortgage rates may also change in the evenings and on weekends when lenders want to protect against unforeseen market risk. Until you and your mortgage lender make a mortgage rate lock, your interest rate is subject to change.
The starting point for mortgage rates is the mortgage-backed securities market, which moves in response to the U.S. and world economies. Mortgage-backed securities establish a market base rate for mortgages. From there, two factors affect the mortgage rate you get: your choice of lender, and you.
Your mortgage lender will adjust the market's base rate to balance risk and profit, which is why mortgage rates vary between banks. Then, as a home buyer, your down payment and loan-to-value, credit history, income, location, and discount point preference come together to make final mortgage interest rate.
There is no such thing as “the lender with the best mortgage rates” because mortgage companies adjust interest rates daily to balance staying competitive with managing risk. However, over extended periods of time, lenders such as Homebuyer.com emerge as consistent low-rate options compared to banks and other lenders.
In a general sense, mortgage rates are non-negotiable because it's unfair (and a violation of federal lending laws) for a mortgage company to offer different mortgage rates to home buyers with otherwise similar mortgage applications. However, home buyers can get a lower mortgage rate by asking for discount points, temporary buy-downs, and a shorter mortgage rate lock.
The current mortgage rates for the four most popular mortgages for first-time home buyers are, as of Friday, December 20, 2024, at 10:01 AM EST.
These rates assume a 30-year fixed-rate mortgage rate for an eligible first-time home buyer meeting minimum down payment and credit score requirements, and program income requirements. For a complete list of assumptions, click here.
Mortgage rates are based on the price of mortgage-backed securities which, like stock prices, are unpredictable over long periods of time. From even just yesterday, conventional 30-year fixed-rate mortgage rates are 0.000 percentage points higher. Tomorrow, rates will do something different. Nobody knows what will happen.
If you're interested in mortgages and mortgage rates, subscribe to our email newsletter for advice, insights, and predictions.
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Use these tips to be a better buyers:
For more practical advice, read these first-time home buyer tips.
Use the Homebuyer.com Immediate Mortgage Approval to approve your loan and lock your rate. Most people finish in 5 minutes or fewer.
NMLS #423065 Member FDIC. Equal Housing Lender.
With our low rates, you can save big on a 30-year mortgage.
Mortgage Rate Assumptions
The mortgage rates shown on this page make assumptions about you, your home and location, and are accurate as of . Mortgage rates change without notice based on mortgage bond market activity. NMLS 423065.
The mortgage rates shown on this page make assumptions about you, your home and location, and are accurate as of {{ formatDate(rates[0].createdAt) }}. Mortgage rates change without notice based on mortgage bond market activity. NMLS 423065.
Legal Disclosures
Your actual mortgage rate, APR, points, and monthly payment are unlikely to match the table above unless you are a first-time buyer purchasing a single-family home to be your primary residence in any state other than New York, Hawaii, and Alaska, you have a credit score of {{ rates.length ? rates[0].fico : '760' }} or higher, you are making the minimum down payment required for the respective loan type, you are using 30-year fixed-rate mortgage, and you earn a low-to-moderate household income relative to your area.
The information provided is for informational purposes only and should not be confused for a mortgage rate commitment or a mortgage loan approval. You may receive a mortgage rate quote that is lower or higher than what's shown above. In many scenarios, you will have the option to pay discount points for a lower mortgage rate or receive a rebate in exchange for higher rates.
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Member FDIC. Equal Housing Lender.
Homebuyer.com
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230 Findlay Street
Cincinnati, OH 45214
513-824-8171
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