Mortgage Rate Guides
Benchmark rates, rate locks, quote comparison and the real monthly cost of a rate difference. Use these guides with real lender quotes rather than advertised averages.
Complete guide
Complete Guide to Mortgage Rates
What sets your rate, how to compare quotes on equal terms, and what each 0.125% is worth in monthly payment and lifetime interest.
Guides in this topic
Tools for this topic
Rate comparison
Enter real lender quotes and see the cost difference per 0.125% of rate.
Open calculatorPayment
Principal, interest, taxes, insurance and mortgage insurance for any price, rate and down payment.
Open calculatorCommon questions
- Is the benchmark rate the rate I will get?
- No. Benchmark surveys describe average offers for well-qualified borrowers on a specific loan profile. Your rate depends on credit profile, loan type, property, down payment, points, lender and market conditions.
- How much does 0.125% actually cost?
- On a $400,000 30-year loan, 0.125% is roughly $30 a month and about $11,000 of interest over 30 years. The rate comparison calculator computes it for your exact loan amount.
Coming soon in this topic
- Mortgage Rate Forecast
- How Mortgage Rates Affect Monthly Payments
- What Mortgage Rate Can I Get?