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1. • 7.13%

     • On Wednesday, May 29, 2024, the current average 30-year fixed mortgage interest rate is 7.13%, increasing 11 basis points since the same time last week. If you're planning to refinance, the current average 30-year fixed refinance interest rate is 7.15%, rising 11 basis points from a week ago.
     www.bankrate.com › mortgages › mortgage-rates

     Current Mortgage Rates: Compare Today's Rates | Bankrate

2. Top Stories

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     CNET

     Mortgage Rates Go Up for Homeseekers: Mortgage Interest Rates Today for May 30, 2024

     A handful of important mortgage rates increased. Here's what experts say is next for the housing market this year.

     12 hours ago

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     USA Today

     Daily mortgage rates for May 30, 2024: Steady rates

     18 hours ago

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     San Francisco Chronicle

     Mortgage rates snap three-week pullback, pushing average rate on a 30-year home loan back above 7%

     1 hour ago

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     FOX Business

     Today's mortgage rates continue to hold steady for 15- and 30-year rates | May 29, 2024

     1 day ago

   • AOL

     Daily mortgage rates for May 29, 2024: Rates on 30-year mortgage climb higher above 7%

     2 days ago

   • NJ.com

     Today’s mortgage rates for May 30, 2024

     12 hours ago

   • Business Insider

     Mortgage Interest Rates Today, May 28, 2024 | Rates Lower This Month, but Still High Overall

     3 days ago

   • Yahoo Finance

     Mortgage rates top 7% — again

     6 hours ago

   • USA Today

     Mortgage rates for May 29, 2024: Rates trending about the same

     2 days ago

   • Fox Business via Yahoo

     Mortgage rates increase to 7.03%

     9 hours ago

   View all

3. People also ask

   How often do 30-year mortgage rates change?

   • Average 30-year mortgage rates change daily — sometimes more than once a day. For today’s average, see the tables above. Historically, 30-year mortgage rates have averaged around 8%. But they’ve been well below that in recent years, with average 30-year rates in 2016, 2017, 2019, and 2020 all coming in below 4%.

   Today's 30-Year Mortgage Rates | May 2024 | Buy or Refi

   themortgagereports.com/30-year-mortgage-rates

   See all results for this question

   What is a 30-year fixed-rate mortgage?

   • As its name implies, a 30-year fixed-rate mortgage or ‘FRM’ is repaid over a period of 30 years. This is the most popular mortgage loan product in the U.S., thanks to a few key benefits: Most home buyers can get a 30-year fixed home loan with a down payment of just 3% or 3.5%. And you don’t need a perfect credit score to qualify.

   Today's 30-Year Mortgage Rates | May 2024 | Buy or Refi

   themortgagereports.com/30-year-mortgage-rates

   See all results for this question

   Should I refinance a 30-year fixed-rate mortgage?

   • If you want to pay off a 30-year fixed-rate mortgage faster or lower your interest rate, you may consider refinancing to a shorter term loan or a new 30-year mortgage with a lower rate. The best time to refinance will vary based on your circumstances.

   Today's 30-Year Mortgage Rates | Zillow

   www.zillow.com/mortgage-rates/30-year-fixed/

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   What is the difference between a 30-year and an adjustable-rate mortgage?

   • An adjustable-rate mortgage – Adjustable-rate mortgages have a fixed interest rate for the first few years. Then, the rate can change with the market. These loans typically offer lower introductory rates (the ones you see advertised) than 30-year loans. But that rate could rise later on, so you lower mortgage payment is not guaranteed to continue

   Today's 30-Year Mortgage Rates | May 2024 | Buy or Refi

   themortgagereports.com/30-year-mortgage-rates

   See all results for this question

4. themortgagereports.com › 30-year-mortgage-ratesToday's 30-Year Mortgage Rates | May 2024 | Buy or Refi

   themortgagereports.com › 30-year-mortgage-rates

   • Cached

   2 days ago · Compare current 30-year fixed mortgage rates for May 9, 2024 from conventional, FHA, VA, and USDA loans. Learn how to get the lowest rate and how a 30-year mortgage works.

5. www.zillow.com › mortgage-rates › 30-year-fixedToday's 30-Year Mortgage Rates | Zillow

   www.zillow.com › mortgage-rates › 30-year-fixed

   • Cached

   4 days ago · Find out the current average 30-year fixed mortgage rate and see how it varies by location, loan program, credit score and down payment. Learn the advantages and disadvantages of a 30-year fixed-rate mortgage and how to refinance it.

6. www.bankrate.com › mortgageCurrent Mortgage Rates: Compare Today's Rates | Bankrate

   www.bankrate.com › mortgage

   • Cached

   2 days ago · Find the best mortgage rate for your 30-year fixed loan by comparing rates from different lenders. See the latest trends, news and tips on how to get the best rate for your situation.

   • A mortgage is a loan from a bank or other financial institution that helps a borrower purchase a home. The collateral for the mortgage is the home...
   • The closing costs on a mortgage encompass all of the fees associated with the loan, including the lender’s charges, typically an origination fee of...
   • Depending on your needs, the best mortgage lenders are often the ones that offer the most competitive rates and fees, stellar customer service and...

7. www.forbes.com › advisor › mortgagesCurrent Mortgage Rates – Forbes Advisor

   www.forbes.com › advisor › mortgages

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   3 days ago · Compare daily mortgage rates for 30-year, 15-year and 5/1 ARM loans. See how today's rates affect your monthly payments and get tips on how to get the best rate.

   • The interest rate is the cost of borrowing money whereas the APR is the yearly cost of borrowing as well as the lender fees and other expenses asso...
   • No one knows when mortgage rates will go down. In their September 2023 meeting, members of the U.S. Federal Reserve’s Federal Open Market Committee...
   • Mortgage rates are so high due to a number of economic factors. Supply chain shortages related to the pandemic and Russia’s war on Ukraine caused i...
   • Mortgage rates rose throughout 2023 but are expected to drop in 2024. The Federal Reserve, which hiked rates throughout much of 2022 and 2023, has...
   • When you receive a mortgage loan offer, a lender will usually ask if you want to lock in the rate for a period of time or float the rate. If you lo...
   • Locks are usually in place for at least a month to give the lender enough time to process the loan. If the lender doesn’t process the loan before t...
   • First, start by comparing rates. You can check rates online or call lenders to get their current average rates. You’ll also want to compare lender...
   • Borrowers can get preapproved for a mortgage by meeting the lender’s minimum qualifications for the type of home loan you’re interested in. Differe...
   • Mortgage points represent a percentage of an underlying loan amount—one point equals 1% of the loan amount. Mortgage points are a way for the borro...

8. www.nerdwallet.com › article › mortgagesMortgage Rates, Wed, May 29 | Mixed - NerdWallet

   www.nerdwallet.com › article › mortgages

   • Cached

   1 day ago · Find the average interest rate on a 30-year fixed-rate mortgage and compare it with other loan types and terms. Learn how mortgage rates change, how your credit score affects your rate and when to lock your rate.

9. Videos

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     9:06

     youtube.com

     30 Year Fixed Mortgage: What Is It? Right For You? (FULL GUIDE)

     Oct 24, 2020

     1.5K Views

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     2:21

     youtube.com

     How Sustainable Is a 30-Year, 8% Mortgage Rate?

     Oct 19, 2023

     70.3K Views

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     2:34

     youtube.com

     Mortgage rates fall for 4th straight week

     Nov 23, 2023

     26.5K Views

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10. www.rocketmortgage.com › mortgage-ratesCompare Current Interest Rates From Rocket Mortgage | Rocket ...

    www.rocketmortgage.com › mortgage-rates

    • Cached

    6 days ago · Compare current interest rates for home loans and refinancing with Rocket Mortgage. Your rate will depend on your credit score, loan amount, and other details.

11. www.lendingtree.com › home › mortgageCompare Current Mortgage Rates in June 2024 - LendingTree

    www.lendingtree.com › home › mortgage

    • Cached

    3 days ago · 30-year fixed-rate mortgage: 7.02% 15-year fixed-rate mortgage: 6.28% Average 30-year fixed mortgage rates nearly reached 8% in the second half of 2023, but finally fell below 7% in mid-December. This year mortgage rates remained consistently below 7% until late April, when they crept up to 7.17%.