Mortgage Rates
Today’s mortgage rate context—without the noise
A weekly snapshot plus plain-English explainers on what’s moving rates and what it could mean for buyers, sellers, and investors.
Weekly Snapshot
This week’s rates at a glance
Use this section as a quick reference. Rates change daily and vary by lender, credit profile, and loan details—so treat these as directional, not a quote.
30-year fixed
Typical range: 6.5%–7.5%
Best for: stable payments and long-term planning
15-year fixed
Typical range: 5.9%–6.9%
Best for: faster payoff and lower total interest
5/6 ARM
Typical range: 6.2%–7.2%
Best for: shorter time horizons and rate flexibility
FHA / VA (varies)
Typical range: 6.0%–7.2%
Best for: eligible buyers and lower down payment options
What moves mortgage rates?
Inflation and CPI
Sticky inflation usually pushes rates higher. Cooling inflation can ease pressure on long-term yields.
Jobs and wage growth
Strong employment can keep inflation elevated, which can keep rates higher for longer.
Bond market and Fed expectations
Mortgage rates track long-term Treasury yields and market expectations for future Fed policy.
Mortgage rates FAQ
Quick answers to the questions I get most often. (Not financial advice—always confirm with your lender.)
Why did rates change today?
Daily moves often come from bond market shifts tied to inflation data, jobs reports, and Fed expectations.
Are rates the same for everyone?
No. Credit score, down payment, loan type, points, and property details all affect your final rate.
Should I lock my rate?
Lock decisions depend on timeline and risk tolerance. If you’re under contract, many buyers prefer certainty.
What’s the difference between APR and rate?
The rate is the interest charged. APR includes certain fees and gives a broader cost comparison.
Do rate cuts instantly lower mortgages?
Not always. Mortgages respond more to long-term yields and expectations than to a single Fed move.
How often should I check rates?
If you’re shopping or refinancing, monitor weekly and pay attention to major economic release days.
Want the weekly rates snapshot?
Send me a note and I’ll share the latest update cadence and where to follow along for new posts.