Compare current adjustable-rate mortgage (ARM) rates to find the best rate for you. Lock in your rate today and see how much you can save. Current ARM Rates [myfi_generic_widget ad_id="dbd0452e-2249-4113-8832-02a13c567d34" campaign="forbes-mtgrefi-elftest"] What Is an Adjustable-Rate Mortgage?

Jumbo 30-year mortgage rates declined a notable 6 basis points Friday, reducing the average to 7.10% after registering a 10-month high of 7.16% Thursday. Last fall, in contrast, ...

The average rate on a 15-year mortgage also rose, to 6.13 percent from 6 last week. It is also the highest rate for this type of home loan since July and up from the 5.89 percent rate a year earlier.

In a historical sense, a good mortgage rate is generally at or below the national average. Since 1971, the 30-year fixed mortgage rate has averaged 7.72%, according to Freddie Mac. In the last year, average mortgage rates have mostly fluctuated between 6% and 7%.

The lowest average 15-year mortgage rate ever recorded was in mid-2021, when it fell to 2.10%, according to Freddie Mac.

At this time last year, mortgage rates were 8 basis points higher — and this is the No. 1 mortgage lender for May 2025. Story by Andrew Shilling • 3d.

And 15-year conforming rates have shot up 38 bps in the past week to reach 6.88%. Rates had reached a 2025 low point on April 11, when 15-year and 30-year rates averaged 6.38% and 6.69%, respectively.

Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: A 30-year fixed-rate mortgage now averages 6.69%, dropping significantly from its 20-year peak ...