A scannable comparison of sample 30-year and 15-year fixed mortgage rates from major U.S. lenders, with an embedded payment calculator and editorial notes on who each one is actually good for. Rates change daily — we update this page weekly.
These are the national averages this week. Use them as a sanity check — if a lender's quote is meaningfully above or below the average, ask why before you sign.
Rates are higher than they were a year ago. Inflation ran 3.8% in April per the latest CPI release, and the Fed has held the federal funds rate steady as a result. The 30-year is roughly where it has been since late 2024.
Sample rates for a borrower with a 740+ FICO score, 20% down, and a conforming loan amount of $400,000 on a primary residence. Your actual rate will depend on your specific finances, location, and the loan product you choose.
| Lender ▲▼ | Rate ▲▼ | APR ▲▼ | Est. monthly ▲▼ | Min FICO ▲▼ |
|---|
Rates shown are illustrative samples drawn from lender websites and the national surveys cited above. They are not personalized quotes. APR includes lender fees and discount points where typical; the true APR for your situation will depend on the offer you receive. Monthly payment is principal and interest only on a $400,000 loan, before taxes and insurance.
Adjust the inputs below to see how monthly payment would change for each lender's rate.
Rates are only part of the picture. Below: who each lender actually serves well, and where they fall short.
The largest U.S. mortgage lender by volume, and the most polished application experience of any name on this list. Rocket's online process is genuinely good — uploading documents, getting prequalified, and tracking the loan all live in one app. Their rates aren't the lowest in the market, but the friction savings are meaningful for people who have never done this before.
Where they're weak: not the best choice for unusual situations (self-employed income, jumbo loans, complex tax returns) where a human broker may serve you better.
Better positions itself on transparent pricing and explicitly no commission for loan officers, which they argue translates to lower fees. In practice, their rates are usually competitive with the national average and their origination costs run lower than the big-bank average. The application is entirely online.
Caveats: customer service has been mixed since their post-IPO turbulence, and underwriting has been slower than competitors during periods of high volume. Worth getting a quote anyway — the lower fee structure can save several thousand dollars at closing.
SoFi's mortgage product is most attractive if you're already in their ecosystem — checking, investing, student loan refinancing. SoFi members get a rate discount and the closing experience is consistent with the rest of the platform. Standalone, their rates are roughly market average; with the member discount they often beat it.
Notable limitations: not available in every state, fewer loan product variations than the big lenders. If you don't already bank with them, the bundling advantage doesn't apply.
Consistently among the lowest rates on the major comparison sites. AmeriSave is online-only with a leaner cost structure than the big banks, and they pass that through to borrowers. The application process is straightforward without the polish of Rocket — more like a competent web form than a designed product.
Where to be careful: their lock-in process can be aggressive; read the fine print on rate locks and extension fees. Customer service is functional but not a strength.
Not a lender itself — a marketplace that gathers quotes from multiple lenders after a single application. Useful for one specific thing: getting four or five real quotes without filling out four or five separate applications. The variance between offers will surprise you, which is the point.
The cost: your information goes to multiple lenders, which means a lot of phone calls and emails for the next several weeks. Use a dedicated email address and prepare for the volume.
The benefit of going with Chase is concentration: if you already have your checking, savings, and credit cards there, adding a mortgage simplifies your financial life. Chase Private Client and Sapphire customers may also qualify for relationship pricing discounts of 0.125% to 0.25%, which is real money on a 30-year loan.
Standalone rates are often slightly above the most competitive online lenders. Chase's value is in the relationship, not the headline rate.
Wells Fargo retains the largest branch footprint of any major mortgage lender, which matters if you genuinely prefer in-person conversations during what is the largest financial decision of most people's lives. The application process is slower than the online-first competitors but more guided.
Rates run a touch above the most aggressive online lenders. Their post-scandal compliance overhead has improved the experience over the last few years; the lender today is meaningfully different from the one in 2018.
If you're an active-duty service member, veteran, or family member of one, Navy Federal Credit Union is almost certainly your best mortgage option. Their VA loan rates are consistently among the lowest available, they handle the VA paperwork fluently, and they offer products you won't find at conventional lenders (like the Military Choice loan for borrowers who've used their VA entitlement).
Membership is required and is restricted to military-affiliated households. Non-members should look elsewhere.
Plug any rate from the table into our full mortgage calculator to see the real monthly figure — principal, interest, taxes, insurance, and PMI — plus what extra payments would save you.
The lenders on this page are not the eight with the absolute lowest rates today — that list changes hourly. They are the eight we think most readers should consider first, balancing rate competitiveness with the kinds of situations real people are in.
Specifically, we picked for:
Sample rates are drawn weekly from each lender's published rate page on the date noted at the top of this article. They assume a 740+ FICO, 20% down, conforming loan amount, and a primary residence in a continental U.S. state. Your actual rate will be different, and we strongly encourage getting personalized quotes from at least three lenders before deciding.
We may receive a commission when you apply through links on this page. This does not affect which lenders we cover, the order in which they appear in the table, or the editorial verdicts. See our full disclosure.
Almost certainly not exactly. Rates are personalized to the borrower — your credit score, the loan amount, the loan-to-value ratio, the property type, the state you're in, and the day you lock in all change the rate the lender will quote you. The rates here are samples for a strong-credit borrower at 20% down on a $400,000 conforming loan. Use them as a benchmark to compare against your actual quotes, not as a guarantee.
The interest rate is what you pay on the loan principal each year. The APR (annual percentage rate) is the rate plus most lender fees, expressed as a single annualized number. APR is the more honest apples-to-apples comparison number when you're shopping — a lender can advertise a low rate while charging high origination fees, and APR catches that. The two should be within about 0.10% to 0.30% of each other; if the gap is wider, ask the lender why.
Daily, sometimes multiple times a day during volatile periods. Mortgage rates track the yield on the 10-year U.S. Treasury bond, which moves with every piece of economic news — inflation reports, jobs data, Federal Reserve announcements. The rates on this page are sampled weekly. By the time you actually apply, the rates a given lender quotes you will be different, often by a small amount and occasionally by a meaningful one.
We don't recommend trying to time mortgage rates. Even professional forecasters get this wrong consistently. If you've found the home you want, the loan you can afford, and the rate is workable for your budget, the right move is usually to lock. The downside of locking and rates falling is small (you can sometimes renegotiate or refinance); the downside of waiting and rates rising is significant (you may be priced out of the home).
At least three. Multiple credit pulls within a 45-day window count as a single inquiry for credit-score purposes, so there's no penalty for shopping. Freddie Mac's own research suggests borrowers who compare three or more lenders save over $1,000 in the first year. Five is even better if you have the time.
The honest answer: a rate that's at or below the current national average for your credit profile and loan type, with reasonable fees. As of this update, that's around 6.46% for a 30-year fixed and 5.72% for a 15-year fixed. "Good" is relative to today's market, not to historical lows — anyone who locked in 2.75% in 2021 got an extraordinary rate that may not return for a decade.
iGrow Wealth is not a mortgage lender, broker, or financial adviser. The content on this page is educational and is not personalized financial, tax, or legal advice. The rates shown are illustrative samples, not personalized quotes, and your actual rate will depend on your specific finances. The lenders on this page include affiliate partners; we may earn a commission when you apply through links here, which does not affect the editorial content or rate comparisons. Always verify current rates and terms directly with the lender, and consider speaking with a qualified mortgage professional before making a final decision. Loan products, terms, and availability are subject to change without notice.