Today's Mortgage Rates
Updated daily. Typically ~0.5% below the national average.
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How Mortgage Rates Work
Two things determine your rate: the market and your financial profile. You can't control the first, but you can strengthen the second. Here's what matters.
Market Factors You Cannot Control
- ✓Federal Reserve policy and the federal funds rate
- ✓Inflation expectations and economic data
- ✓Bond market activity (10-year Treasury yield)
- ✓Housing market supply and demand
Personal Factors You Can Improve
- ✓Credit score (higher score = lower rate)
- ✓Down payment size (more down = lower rate)
- ✓Debt-to-income ratio
- ✓Loan term (15-year rates are lower than 30-year)
One more factor: your lender. Chestnut's AI cuts rates ~0.5% below traditional lenders.
See your loan optionsRate Comparison FAQ
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