Every now and then, a Thursday comes along where we have to set the record straight on what is actually going on with mortgage rates. That's because Freddie Mac releases its weekly mortgage rate survey on Thursdays and its methodology can cause confusion in the mortgage market.

"If the Fed doesn't meet in November, I expect mortgage rates to drift with the bond market … modest day-to-day moves, not big swings," says Steven Glick, director of mortgage sales at real estate investment fintech company HomeAbroad.

The current mortgage rate on a 30-year fixed mortgage rose by 2.00% in the last week to 6.31%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage climbed 0.14 percentage point during the same period to 5.

Mortgage rates were effectively unchanged on Thursday with the average lender very close to the best levels in over a year. But when it comes to the underlying bond market and the rates available to consumers,

The average rate on the 30-year fixed mortgage fell this week to 6.17%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.19%.

The current average mortgage rate on a 30-year fixed mortgage is 6.41% with an APR of 6.44%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.45% with an APR of 5.50%. On a 30-year jumbo mortgage, the average ...

Rates have fallen a percentage point since the 2023 and 2024 homebuying seasons. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order ...