Current mortgage and refinance rates
|30-year fixed-rate FHA||2.313%||2.989%|
|30-year fixed-rate VA||2.567%||2.786%|
On May 21st, 2021, the average APR on a 30-year fixed-rate mortgage rose 1 basis point to 3.017%. The average APR on a 15-year fixed-rate mortgage remained at 2.210% and the average APR for a 5/1 adjustable-rate mortgage (ARM) remained at 3.062%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 2 basis points lower than one week ago and 60 basis points lower than one year ago.
A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.