Current Mortgage Rates for 10/28/2021

Current mortgage and refinance rates

Accurate as of 10/28/2021.

Product Interest rate APR
30-year fixed-rate 2.927% 2.988%
20-year fixed-rate 2.640% 2.726%
15-year fixed-rate 2.112% 2.227%
10-year fixed-rate 2.017% 2.197%
7/1 ARM 2.557% 3.135%
5/1 ARM 2.453% 3.221%
3/1 ARM 2.917% 3.555%
30-year fixed-rate FHA 2.250% 2.899%
30-year fixed-rate VA 2.506% 2.783%

On Thursday, October 28th, 2021, the average APR on a 30-year fixed-rate mortgage rose 1 basis point to 2.988%. The average APR on a 15-year fixed-rate mortgage remained at 2.227% and the average APR for a 5/1 adjustable-rate mortgage (ARM) remained at 3.221%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 6 basis points lower than one week ago and 1 basis point lower than one year ago.

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