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This page is part of Owning a Home, the CFPB’s set of tools and resources for homebuyers.
We are the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly. Learn how the CFPB can help you.

Explore interest rates

Use this tool throughout your homebuying process to explore the range of mortgage interest rates you can expect to receive. See how your credit score, loan type, home price, and down payment amount can affect your rate. Knowing your options and what to expect helps ensure that you get a mortgage that is right for you. Check back often -- the rates in the tool are updated every Wednesday and Friday.

Keep in mind that the interest rate is important, but not the only cost of a mortgage. Fees, points, mortgage insurance, and closing costs all add up. Compare Loan Estimates to get the best deal.

Illustration of interest rate chart

Explore rate options

600 850

Credit score has a big impact on the rate you’ll receive. Learn more

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%
$
$380,000
While some lenders may offer FHA, VA, or 15-year adjustable-rate mortgages, they are rare. We don’t have enough data to display results for these combinations. Choose a fixed rate if you’d like to try these options.

Learn about loan term, rate type, and loan type

In , most lenders in our data are offering rates at or below .

Data table

The following table will populate with our data results

Loan Rates
number of corresponding rates
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Interest rates for your situation

These rates are current as of .

Explore what a lower interest rate means for your wallet

vs.

Interest is only one of many costs associated with getting a mortgage. Learn more

Interest costs over the first 5 years

$150,000
$150,000

Over the first 5 years, an interest rate of 1% costs $0 more than an interest rate of 1%.

Interest costs over 30 years

$150,000 Can change
$150,000 Can change

Over 30 years, an interest rate of 1% costs $0 more than an interest rate of 1%.

With the adjustable-rate mortgage you've chosen, the rate is only fixed for the first 5 years. Your interest costs in the future can change.

Interest is only one of many costs associated with getting a mortgage. Learn more

Next steps: How to get the best interest rate on your mortgage

When you’re ready to get serious about buying, the best thing you can do to get a better interest rate on your mortgage is shop around. But if you don’t plan to buy for a few months, there are more things you can do to ensure you get a great rate on your mortgage.

  1. Shop around.

    Get quotes from three or more lenders so you can see how they compare. Rates often change from when you first talk to a lender and when you submit your mortgage application, so don’t make a final decision before comparing official Loan Estimates.

  2. Consider all your options.

    Make sure you’re getting the kind of loan that makes the most sense for you. If more than one kind of loan might make sense, ask lenders to give you quotes for each kind so you can compare. Once you’ve chosen a kind of loan, compare prices by getting quotes for the same kind of loan.

  3. Negotiate.

    Getting quotes from multiple lenders puts you in a better bargaining position. If you prefer one lender, but another lender offers you a better rate, show the first lender the lower quote and ask them if they can match it.

  1. Watch your spending.

    Don’t take out a car loan, make large purchases on your credit cards, or apply for new credit cards in the months before you plan to buy a house. Doing so can lower your credit score, and increase the interest rate lenders are likely to charge you on your mortgage.

    Learn more about credit scores

  2. Improve your credit scores.

    If you don’t plan to buy for at least six months, you may be able to improve your credit scores and get a better interest rate. Pay your bills on time, every time. If you have credit card debt, pay it down. But don’t close unused cards unless they carry an annual fee.

    Learn about improving your credit scores

  3. Save for a larger down payment.

    If your down payment is less than 20 percent, you’ll typically get a higher interest rate and have to pay for mortgage insurance. Save enough for a 20 percent down payment and you’ll usually pay less. Even going from a five percent down payment to a 10 percent down payment can save you money.

    Learn more about down payments

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About our data source for this tool

The lenders in our data include a mix of large banks, regional banks, and credit unions. The data is updated semiweekly every Wednesday and Friday at 7 a.m. In the event of a holiday, data will be refreshed on the next available business day.

The data is provided by Informa Research Services, Inc., Calabasas, CA. www.informars.com. Informa collects the data directly from lenders and every effort is made to collect the most accurate data possible, but they cannot guarantee the data’s accuracy.

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