Rates for 30 year Mortgage – Compare Today’s 30-Year Mortgage Rates

What is today rates for 30 year mortgage?

First of all, you need to under that this rate changes often. However, according to reports from NerdWallet.com todays rate for 30-year mortgage, the average 30 year fixed mortgage rate is at 3.036% as of today. However, if you want to refinance, the current national 30 year fixed refinance is at 3.21%. When buying or refinancing, it’s very important to know the national average which will help you to finance your home, and Bankrate.com and NerdWallet.com are recommended platforms.

Rates for 30 year Mortgage - Compare Today's 30-Year Mortgage Rates
Rates for 30 year Mortgage – Compare Today’s 30-Year Mortgage Rates

If you want to stay current with weekday mortgage rates, Lenders nationwide is one exciting platform where you can find mortgage and also offers you weekday mortgage rates. There you can find the most current rates for 30 year mortgage and others available. However, if you can the table below to view the current interest rate and APRs below.

2021 Current Mortgage and Refinance Rates

ProductInterest RateAPR
30-year fixed-rate2.962%3.036%
20-year fixed-rate2.785%2.885%
15-year fixed-rate2.199%2.328%
10-year fixed-rate2.258%2.443%
7/1 ARM2.583%2.888%
5/1 ARM2.583%2.872%
3/1 ARM2.917%3.555%
30-year fixed-rate FHA2.393%3.104%
30-year fixed-rate VA2.491%2.791%

Data source from NerdWallet.com

Top 30-year Mortgage Lenders

  • Better.com (Better Mortgage)
  • Lower
  • AmeriSave Mortgage Corporation
  • Rocket Mortgage
  • First Mortgage Direct

What does a good 30-year fixed mortgage rate mean?

When talking about 30-year fixed mortgage rate, this is a type of home loan that comprises the same interest rate and also monthly principal and interest payment for over a period of 30 year of your loan. For a service that offers that kind of loan, you will need to find the best rate you can get. To get a good 30 year-fixed mortgage rate these are usually determined by your credit score and down payment. Therefore, you’ll need to have a good or excellent credit score to get a 30-year mortgage rate. Getting a good deal of a mortgage is like buying your dream car. Therefore, it often requested that you make research and compare mortgage rates.

Pros and cons of 30-year mortgage

Even has 30-year mortgage is the most popular type of home loan suitable for people looking for an interest rate that doesn’t change over the full term of the loan. You also need to understand that 30-year fixed mortgage is also not meant for every. Because there are advantage and disadvantage which includes the following;


  • It comes with a lower monthly payment which means you can more time to make payment for your loan.
  • With consistent principal and interest payment you can easily estimate the expenses of your home for the long term.
  • 30 year mortgage offers lower payment and the eventually means you can be eligible for a larger loan amount where you can use to acquire more home or expensive home.


  • The disadvantage about 30 year mortgage is that you might need to pay more in interest overall instead of just a shorter term loan.
  • 30-year loans come with higher interest rates.
  • This can stop you from achieving more financial goals whereby overstretching your budget in purchasing expensive home.

In conclusion, there are other mortgage services or types of home loans to purchase. Also, ensure that you compare other 30 year mortgage rates with various lenders to be able to select a suitable option.