Mortgage Rates as of April 23, 2021

Mortgage and refinance rates

Accurate as of 04/23/2021.

Product Interest rate APR
30-year fixed-rate 2.759% 2.811%
20-year fixed-rate 2.617% 2.695%
15-year fixed-rate 2.033% 2.113%
10-year fixed-rate 1.866% 1.919%
7/1 ARM 2.421% 3.117%
5/1 ARM 2.471% 3.199%
30-year fixed-rate FHA 2.555% 3.229%
30-year fixed-rate VA 2.550% 2.819%

On Friday, April 23rd, 2021, the average APR on a 30-year fixed-rate mortgage fell 1 basis point to 2.811%. The average APR on a 15-year fixed-rate mortgage fell 4 basis points to 2.113% and the average APR for a 5/1 adjustable-rate mortgage (ARM) remained at 3.199%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 7 basis points lower than one week ago and 112 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.