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Today's Mortgage Rates

Mortgage rates change daily based on the market. Here are today's mortgage rates.

15-Year Fixed

4.375%

(4.871% APR)

Save on interest compared to a 30-year fixed loan, and get a low, fixed monthly payment for the life of the loan.

30-Year Fixed

4.99%

(5.285% APR)

Enjoy a low, fixed monthly payment for the life of the loan, and avoid paying mortgage insurance when you put 20% down.

5-Year ARM

4.25%

(5.23% APR)

Get our lowest rate available for the first five years of your mortgage. This is a great option if you plan to move or refinance within five years.

Future Adjustments

With an adjustable-rate mortgage (ARM), your loan will have an initial fixed-rate period. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of reset.

Lifetime Rate Cap 5%
Yearly Adjustment Cap 2%
First Adjustment Rate Cap 2%
ARM Index 3.135%
ARM Margin 2.25%

30-Year Fixed FHA

4.875%

(5.932% APR)

Buy or refinance with more lenient credit requirements. The low down payment also makes this loan a perfect fit for first-time home buyers.

30-Year Fixed VA

4.875%

(5.173% APR)

Take advantage of benefits available to military veterans, active-duty service members and eligible surviving spouses.

These rates are current as of 06:08AM EST on November 14th, 2018.

Calculate Your Mortgage Payments

See what your mortgage payment could be with today's rates.

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How to Know What Your Mortgage Rate Will Be

The mortgage rates listed above are some of our lowest available for these popular loan options. These aren't necessarily the rates you'll get when you apply. Your rate depends on many factors such as your credit, your loan amount and your down payment.

The most accurate way to see what your rate could be is to speak with a Home Loan Expert or apply online with Rocket Mortgage. After you provide some basic information, we'll match you with a loan option and rate that meet your financial goals.

Picking the Right Mortgage

It's important to match your mortgage to your financial goals. Here are some goals you may have in mind and the loan options that could help you reach them.

A Consistent Monthly Payment

Fixed-rate loans are a great option if you want a monthly payment that won't change. A fixed interest rate means your rate stays the same for the life of the loan – so your payment will only change if your taxes or insurance premiums do. Many of our clients opt for 30- or 15-year fixed-rate loans.

The Lowest Rate

Adjustable rate mortgages (ARMs) offer our lowest rates. ARMs are a great option if you expect to sell your house or refinance before the initial fixed-rate period ends. A popular ARM is the 5-year ARM, which is a 30-year mortgage with an initial fixed-rate period of five years.

A Term that Works for You

Want to pay off your house before a big life change? A Quicken Loans YOURgage allows you to pick any term from 8 to 30 years so you can pay off your mortgage in the time frame that makes sense for you.

Other Loans We Offer

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Click to see our assumptions
  • Mortgage rates could change daily.
  • Actual payments will vary based on your individual situation and current rates.
  • Some products may not be available in all states.
  • Some jumbo products may not be available to first time home buyers.
  • Lending services may not be available in all areas.
  • Some restrictions may apply.
  • Based on the purchase/refinance of a primary residence with no cash out at closing.
  • We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and credit score is over 720, or in the case of certain Jumbo products we assume a credit score over 740; and an escrow account for the payment of taxes and insurance.
  • The lock period for your rate is 40 days.
  • The loan to value (LTV) ratio is 75%. If LTV > 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA loans. Military/VA loans do not require PMI.
  • Please remember that we don’t have all your information. Therefore, the rate and payment results you see from this calculator may not reflect your actual situation. Quicken Loans offers a wide variety of loan options. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call to talk to one of our mortgage experts.
30-Year Fixed-Rate Mortgage: The payment on a $200,000 30-year Fixed-Rate Loan at 4.99% and 75.00% loan-to-value (LTV) is $1072.43 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 5.285%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. 15-Year Fixed-Rate Mortgage: The payment on a $200,000 15-year Fixed-Rate Loan at 4.375% and 75.00% loan-to-value (LTV) is $1517.25 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 4.871%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. 30-year Fixed-Rate VA Loan: Rate is fixed. The payment on a $200,000, 30-year fixed-rate loan at 4.875% and 75.00% loan-to-value (LTV) is $1058.42 with 2.125 Points due at closing. The Annual Percentage Rate (APR) is 5.173%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. VA loans do not require PMI. The VA loan is a benefit of military service and only offered to veterans, surviving spouses and active duty military. Adjustable-Rate Mortgage: The initial payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 4.25% and 75.00% loan-to-value (LTV) is $983.88 with 2 points due at closing. The Annual Percentage Rate (APR) is 5.23%. After the initial 5 years, the principal and interest payment is $983.88. The fully indexed rate of 5.375% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years. FHA Loan: Rate is fixed. The payment on a $203,500, 30-year fixed rate loan at 4.875% and 76.22% loan-to-value (LTV) is $1209.36 with 2 Points due at closing. Payment includes a one time upfront mortgage insurance premium (MIP) at 1.75% of the base loan amount and a monthly MIP calculated at 0.80% of the base loan amount. For mortgages with a loan-to-value (LTV) ratio of less than or equal to 90%, the 0.80% monthly MIP will be paid for the first 11 years of the mortgage term, or the end of the mortgage term, whichever comes first. Thereafter, the monthly loan payment will consist of equal monthly principal and interest payments only until the end of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 5.932%.