Current Mortgage Rates
Benchmark 30-year and 15-year fixed rates from the Freddie Mac Primary Mortgage Market Survey, with the exact survey date.
Key takeaways
- The benchmark figures on this page come from the Freddie Mac Primary Mortgage Market Survey and always carry a survey date.
- A survey average is not a quote. Your rate depends on credit, loan type, property, down payment, points and lender.
- Compare quotes on the same day: rates move intraday and a stale quote is not comparable.
- Points make headline rates non-comparable. Always ask what the rate is with zero points.
What this page is: the current benchmark fixed-rate averages, shown with the date they were published and a link to the source. What it is not: a rate you can lock. Use it to see direction and to sanity-check quotes, then compare real offers.
How to read a benchmark rate
The Primary Mortgage Market Survey measures rates offered to well-qualified borrowers on conforming, conventional, owner-occupied purchase loans with a solid down payment. If your file differs on any of those dimensions, your quote will differ too.
Comparing quotes properly
- Collect quotes on the same day, ideally within a few hours.
- Ask each lender for the rate at zero discount points, then separately for the buydown options.
- Compare the Loan Estimate pages, not the marketing rate.
- Include lender credits, which reduce cash to close but usually raise the rate.
What each 0.125% costs
On a $400,000 30-year loan, one eighth of a percent is roughly $30 to $35 a month. That sounds small and is worth about $11,000 of interest over the full term — which is why paying points sometimes makes sense and sometimes does not. The points calculator settles it for your numbers.
Frequently asked questions
- How often do these benchmark rates update?
- The Freddie Mac survey publishes weekly, on Thursdays. The date shown alongside the figures on this site is the survey date, not the date you loaded the page.
- Why is my quote higher than the benchmark?
- Benchmarks describe well-qualified borrowers on a specific loan profile. Credit score, loan-to-value, property type, occupancy, loan size and lock period all adjust pricing.
- Is there an FHA benchmark?
- The Freddie Mac survey covers conventional conforming loans, so no FHA average is published there. We show an FHA benchmark only when a sourced figure with an effective date is available.
Sources
- Freddie Mac: Primary Mortgage Market Survey (PMMS) — accessed 2026-07-30. Weekly average rates for 30-year and 15-year fixed-rate mortgages.
- Consumer Financial Protection Bureau: Explore interest rates — accessed 2026-07-30
Educational content only. This is not a loan offer, and your actual terms depend on your lender, credit profile and property.
We do not sell leads and we do not rank lenders. Always compare official Loan Estimates.