Current mortgage and refinance rates
Accurate as of 10/12/2021.
|30-year fixed-rate FHA||2.409%||3.140%|
|30-year fixed-rate VA||2.700%||2.950%|
On Tuesday, October 12th, 2021, the average APR on a 30-year fixed-rate mortgage rose 5 basis points to 3.107%. The average APR on a 15-year fixed-rate mortgage remained at 2.229% and the average APR for a 5/1 adjustable-rate mortgage (ARM) rose 4 basis points to 3.235%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 13 basis points higher than one week ago and 15 basis points lower than one year ago.
A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.