Category Mortgage Rate FAQs

What Is Mortgage Rate Today? The mortgage rate today is 6.85% for a 30-year fixed mortgage. Mortgage rates fluctuate daily based on economic factors, lender policies, and borrower qualifications. The current mortgage rate affects how much interest borrowers pay over…

What Is A 5-Year Variable Mortgage? A 5-year variable mortgage is a home loan with an interest rate that can change over a 5-year term. This variable mortgage offers flexibility as the rate adjusts based on market conditions, typically following…

What Is The Average Fixed Rate Mortgage? The average fixed rate mortgage is currently 6.88% for a 30-year loan. Fixed rate mortgages vary based on loan term, credit score, and market conditions. The rate for a 15-year fixed mortgage is…