Current mortgage and refinance rates
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed-rate | 2.957% | 3.017% |
| 20-year fixed-rate | 2.649% | 2.730% |
| 15-year fixed-rate | 2.113% | 2.210% |
| 10-year fixed-rate | 2.104% | 2.232% |
| 7/1 ARM | 2.311% | 2.963% |
| 5/1 ARM | 2.240% | 3.062% |
| 30-year fixed-rate FHA | 2.313% | 2.989% |
| 30-year fixed-rate VA | 2.567% | 2.786% |
Data source: ©Zillow, Inc. 2006 – 2020. Use is subject to the Terms of Use
On May 21st, 2021, the average APR on a 30-year fixed-rate mortgage rose 1 basis point to 3.017%. The average APR on a 15-year fixed-rate mortgage remained at 2.210% and the average APR for a 5/1 adjustable-rate mortgage (ARM) remained at 3.062%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 2 basis points lower than one week ago and 60 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.