low mortgage rates

Today's Mortgage Rates | October 5, 2021

The average interest rate on a 30-year fixed-rate mortgage decreased to 3.336% today. It’s the second day in a row the 30-year rate has declined after last week’s surge. Rates for most other loan types were also lower, although the interest rate on a 5/1 adjustable-rate loan stayed unchanged while the rate for a 30-year VA loan was up.

Lower rates are good news for well-qualified borrowers planning on buying a new home or refinancing an existing mortgage.

The latest rate on a 30-year fixed-rate mortgage is 3.336%.