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APR 6.32%
15-Year FixedAPR 5.76%
5-Year ARMAPR 7.03%
PurchaseRefinanceHome equityCustomizeCredit score Good (720-739)ZIP code Purchase price Down payment Loan term 30-year fixedMoreSee Rates8 ResultsShowing rates for: Purchase, Good (720-739), $500,000, 30-year fixed, Single-family, Primary residenceLicense informationEditorial integrity8 Results for: Purchase, Good (720-739), $500,000, 30-year fixed, Single-family, Primary residence. Edit the filtersNMLS#2059741
APR
5.95%
APR
5.95%
Interest rate
5.75%
Est. mo. payment
$2,335/mo
Total fees
$8,496
The Nerdy headline
Online lender Tomo Mortgage uses tech to streamline the process. Its interactive rates tool and no origination fee promise are pluses, but loans aren’t available in every state.
NerdWallet rating
4.0
Special program offers a pricing break for first first-time home buyers.Offers financing options for self-employed borrowers and those without Social Security numbers.Interactive mortgage rates tool takes credit score and location into account.What we don't likePurchase loans are not available in all states.Doesn’t offer home equity loans or lines of credit.No refinancing options are available.NMLS#407985
APR
6.41%
APR
6.41%
Interest rate
6.38%
Est. mo. payment
$2,496/mo
Total fees
$1,418
The Nerdy headline
Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.
Home loans overall
NerdWallet rating
4.0
Among the best when it comes to online convenience.Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.Claims to offer preapproval within 24 hours of loan application.What we don't likeYou'll have to complete a loan application to see mortgage interest rates.Bank branch locations limited to the Midwest.Does not offer home equity lines of credit.NMLS#1880338
APR
6.43%
APR
6.43%
Interest rate
6.38%
Est. mo. payment
$2,496/mo
Total fees
$2,380
Next Door Lending is a wholly-owned subsidiary of NerdWallet
NerdWallet rating
5.0
NMLS#1764611
APR
6.47%
APR
6.47%
Interest rate
6.38%
Est. mo. payment
$2,496/mo
Total fees
$3,992
The Nerdy headline
Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.
Home loans overall
NerdWallet rating
4.5
Loan origination process can be completed online.Offers government-backed FHA and VA loans.Offers module that compares mortgage rates among other lenders.What we don't likeOffers loans in many states and Washington, D.C., but not nationwide.Does not offer home equity loans or lines of credit.NMLS#613839
APR
6.50%
APR
6.50%
Interest rate
6.49%
Est. mo. payment
$2,526/mo
Total fees
$523
The Nerdy headline
Farmers Bank of Kansas City lets you browse rates and apply online, but branches are Kansas-only. Get discounts by using the bank’s partner real estate network.
Home loans overall
NerdWallet rating
4.5
Displays customized rates, with fee estimates, without requiring contact information.Offers home equity loans and lines of credit.Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.What we don't likeDoesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.Home renovation loans are not available.Mortgage rates are on the high side compared to other lenders, according to the latest federal data.NMLS#2389303
APR
6.51%
APR
6.51%
Interest rate
6.49%
Est. mo. payment
$2,526/mo
Total fees
$723
The Nerdy headline
Home loans overall
NerdWallet rating
4.5
Offers a variety of mortgage options, including jumbo loans, and FHA and VA loans.Offers home equity loans and lines of credit.Displays customized rates, with fee estimates, without requiring contact information.What we don't likeDoesn’t offer mortgages in all 50 states.Home renovation loans are not available.NMLS#6606
APR
6.53%
APR
6.53%
Interest rate
6.49%
Est. mo. payment
$2,526/mo
Total fees
$1,629
The Nerdy headline
New American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.
Home loans overall
4.5
Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.Its home equity line of credit can be used for a primary residence or second home.What we don't likeAverage origination fees are on the high side, according to the latest federal data.Personalized mortgage rates are not available on the website without providing contact information.NMLS#399799
APR
6.88%
APR
6.88%
Interest rate
6.88%
Est. mo. payment
$2,628/mo
Total fees
$387
The Nerdy headline
Home loans overall
NerdWallet rating
5.0
Offers an online application and loan process updates.Offers mortgages for investment properties.Makes it easy to browse current rates and get a customized mortgage rate quote.What we don't likeDoes not offer FHA or VA government-backed loans.No renovation mortgage options.About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.
See how rates have changed over time to understand past patterns and economic fluctuations
Historical timeline
Loan purpose
Loan type
National average 6.32%
Accurate as of 09/26/2025.
Data source: ©Zillow, Inc. 2025. Use is subject to the Terms of Use
Get startedNerdWallet Mortgage Experts is a wholly-owned subsidiary of NerdWallet
Our Nerdy take on mortgage rates
{“@context”:”https://schema.org”,”@type”:”VideoObject”,”name”:”Fed Cuts Rates – Now What?”,”description”:””,”thumbnailUrl”:[“https://i.ytimg.com/vi/1AU1GY5Fs18/sddefault.jpg”],”uploadDate”:”2025-09-15T22:21:44Z”,”duration”:”PT56S”,”embedUrl”:””}What Moves Mortgage Rates? Factors at Play & How to Shop+1+2Written by Kate Wood
Holden Lewis
Johanna Arnone
Kate Wood
Mortgage lenders use credit score as a stand-in for risk. Higher credit scores are seen as safer, and are generally rewarded with lower interest rate offers.
Paying a larger percentage of the home's price upfront reduces the amount you're borrowing. A bigger down payment may help you score a lower interest rate.
What kind of mortgage you're applying for influences the rate you're offered. For example, jumbo loans tend to have higher interest rates.
A mortgage for a primary residence will usually have a lower interest rate than a home loan for a second home or an investment property.
Stock market trends, the rate of inflation and the job market can all put pressure on mortgage interest rates. Events like elections can influence rates, too.
What's happening around the world affects U.S. markets, which can then push mortgage rates higher or lower.
Decisions by the nation's central bank to raise or cut interest rates for short-term borrowing can ripple out to rates on longer-term loans, including mortgages.
A hot housing market can make it harder to find lower mortgage rates. When lenders have plenty of business, there's less incentive to compete for buyers.
The interest rate is what the lender charges for borrowing the money, expressed as a percentage. The APR, or annual percentage rate, is a measure that's supposed to more accurately reflect the cost of borrowing.APR includes fees and discount points that you'd pay at closing, as well as ongoing costs, on top of the interest rate. That's why APR is usually higher than the interest rate.Are mortgage rates expected to drop?Mortgage rates are constantly on the move, though sometimes those moves are barely visible — just a few basis points up or down. In 2025, average rates on 30-year, fixed-rate loans have pretty much stayed within a range of 6.5% to 7%.This has some frustrated would-be borrowers asking when mortgage rates will be 3% again, as they were in 2020 and 2021. But it's important to remember not just that it was cheaper to borrow back then, but also why rates went so low. The Federal Reserve took extraordinary measures — including cutting the federal funds rate to near zero and buying billions of dollars in mortgage-backed securities — to try to avert an economic crisis brought on by the pandemic. This wasn't the normal ups and downs of the market, it was a serious outlier.It’s smart to keep track of mortgage rate trends so you can nail down your budget, but home buyers shouldn’t feel pressure to time the market. Mortgage rates can't be predicted with complete accuracy — and if you're waiting for rates to hit a certain number, you could miss out on your perfect home.What is a mortgage rate lock?Mortgage rates not only vary from day to day, but hour to hour. In order to know what interest rate you'll pay, you need the rate you're offered to stop changing. A mortgage rate lock is the lender's guarantee that you'll pay the agreed-upon interest rate if you close by a certain date. Your locked rate won't change, no matter what happens to interest rates in the meantime.It's a good idea to lock the rate when you're approved for a mortgage with an interest rate that you're comfortable with. Consult with your loan officer or mortgage broker on the timing of the rate lock. Ideally, your rate lock would extend a few days after the expected closing date, so you'll get the agreed-upon rate even if the closing is delayed a few days.More mortgage tools and resourcesPartner with a brokerOur experts will shop 60+ lenders to find you the best rateHome affordability calculatorCalculate affordability based on your current income and debtMortgage calculatorFigure out your estimated monthly payments the easy wayRefinance calculatorSee how much you could save each month by refinancingLatest mortgage news and analysisMortgage Rates Today, Friday, September 26: Noticeably LowerBy Taylor GetlerTL;DR: Mortgage rates slid enough today to get home buyers' attention.
Weekly Mortgage Rates Are Up, But Market Optimism PersistsBy Taylor GetlerIt’s a good idea to start shopping for mortgages and lock in a rate before an expected Fed rate cut, not after.
Mortgage Rates Today, Thursday, September 25: Kind of a Big JumpBy Taylor GetlerTL;DR: Mortgage rates rose enough today that you might be feeling some sticker shock.
The Fed Cut Rates. Will It Help the Housing Market?By Kate WoodRelief is here for some homeowners hoping to refinance, but buyer benefits may be less immediate
Fed Cuts Rates 25 Basis Points; Mortgage Rates Fall to 2025 LowBy Taylor GetlerThe Federal Reserve cut rates by 25 basis points on Sept. 17, and mortgage rates are expected to keep trending down through 2025.
View rates by loan type or state
Get even more specific with rates personalized to your situation
Mortgage rates by stateMortgage rates by loan type30-year fixed20-year fixed15-year fixed10-year fixed10-year ARM7-year ARM5-year ARM3-year ARMCondoConventionalInvestment propertySecond homeFHAVAJumboMortgage rates by stateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDistrict of ColumbiaDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingAbout the authorKate WoodLead Writer/SpokespersonEmailLinkedinKate Wood joined NerdWallet in 2019 as a writer on the homes and mortgages team. Her work on homebuying, renovation and FHA loans has been featured by USA Today, Yahoo, MSN and The Associated Press, among others. Kate previously wrote about home remodeling, decor and maintenance for This Old House magazine. With degrees in sociology from Vassar College and the University of California, San Diego, Kate is passionate about issues like housing inequality. Email: <a href="mailto:[email protected]">[email protected]</a>
Published in:
EmailJohanna Arnone helps lead coverage of homeownership and mortgages at NerdWallet. Previously, she worked for more than a decade in magazine publishing, including six years as the editor of Muse, an award-winning science and tech magazine for young readers. She holds a Bachelor of Arts in English literature and a Master of Fine Arts in writing. Johanna has completed coursework in Boston University’s Financial Planning Certificate program. Email: <a href="mailto:[email protected]">[email protected]</a>.
Mortgage rates
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