As of Nov. 1, 2023, the 30-year fixed mortgage rate is 8.23%, the FHA 30-year fixed rate is 7.95%, the VA 30-year fixed rate is 7.81% and the jumbo 30-year fixed rate is 7.31%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to be quoted depending on their qualifications. You can learn more about what makes our rates different in the Methodology section of this page.
Shopping for the best 30-year mortgage rates is important because rates differ between lenders. Rates are the cost lenders charge when borrowers take out a home loan and are determined by the borrower’s credit profile and other factors like the down payment amount. Finding the most competitive rate can save you tens of thousands of dollars throughout the lifetime of your loan.
To assist you in your research, we’ve compiled the best mortgage rates for 30-year terms, including some common questions you may have about mortgages in general. The best rates are from lenders who have nationwide availability, allow borrowers to purchase discount points, and have flexible