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.