30 year mortgage rates today
The average rate for a 30-year mortgage will be 5.05%, down 5 basis points from the previous week.
Mortgage rates for 30-year fixed houses decrease to 5.00% nationally.
The average 30-year fixed mortgage rate fell 5 basis points on Monday, from 5.05% to 5.00%, according to Zillow.
The average 30-year mortgage rate will be 5.05% on August 15, 2022, which is a 5 basis point drop from the previous week's average.
Additionally, the current national average 15-year fixed rate decreased by 3 basis points, from 4.35% to 4.32%.
On a national average, the current 5-year ARM rate has decreased 12 basis points, from 4.76% to 4.64%.
A 30 year mortgage rate is a term used to describe a home loan with a fixed interest rate for 30 years.
For instance, the $300,000 mortgage's 30-year monthly payments
A 20% down payment would be equivalent to $1,111 at a 3.75% interest rate.