30-Year Fixed mortgage rates
30-year fixed: latest weekly average 7.18% · week of Nov 5, 2026 · Freddie Mac PMMS · new data every Thursday
The 30-year fixed is the benchmark every other quote is judged against. Its trade-off is time: the lowest fixed payment, but the most interest over the life of the loan — the lifetime cost at today's rate is below.
30-Year Fixed mortgage rates: chart & history
Over the past 52 weeks the 30-year fixed average ranged from 5.98% (Feb 26, 2026) to 7.40% (Oct 15, 2026); today's 7.18% is 0.22 percentage points below the high. Weekly Freddie Mac averages, from the last 30 days to 5 years.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
Longer view: the mortgage rates chart since 1971, with rates by year and the 10-year Treasury.
What the 30-year rate costs over the loan
On a $400,000 loan at today's 7.18% average:
| Amount | |
|---|---|
| Monthly principal & interest | $2,710 |
| Total interest over 30 years | $575,506 |
| Total of all payments | $975,506 |
| Same loan a year ago (6.22%, Nov 6, 2025) | $2,455/mo |
| Same loan on a 15-year fixed (6.57%) | $3,500/mo · $345,535 less interest |
Interest exceeds the amount borrowed at this rate. Extra principal payments or a shorter term cut it fastest.
30-Year Fixed payments by loan amount
Monthly principal and interest at today's 7.18% average. Property tax, homeowners insurance and any PMI come on top — each row opens the calculator with that loan (20% down) filled in.
| Loan amount | Monthly P&I | Interest over 30 yrs | Calculator |
|---|---|---|---|
| $200,000 | $1,355 | $287,753 | Calculate |
| $250,000 | $1,694 | $359,691 | Calculate |
| $300,000 | $2,032 | $431,630 | Calculate |
| $350,000 | $2,371 | $503,568 | Calculate |
| $400,000 | $2,710 | $575,506 | Calculate |
| $450,000 | $3,048 | $647,444 | Calculate |
| $500,000 | $3,387 | $719,383 | Calculate |
| $600,000 | $4,065 | $863,259 | Calculate |
| $700,000 | $4,742 | $1,007,136 | Calculate |
| $800,000 | $5,419 | $1,151,012 | Calculate |
Is my 30-year fixed rate competitive?
Enter the rate from your quote or Loan Estimate. It's compared with today's national average and that average's 52-week range — the survey assumes strong credit and 20% down, so treat it as a yardstick, not a promise.
An example rate is filled in — replace it with yours. Adding a credit score adjusts the yardstick by Fannie Mae's official price adjustments (rates by credit score).
In line with the average, within the normal spread between lenders.
Shaded: the average's 52-week range, 5.98%–7.40%.
- Your payment
- $2,763/mo
- principal & interest at 7.375%
- At today's average
- $2,710/mo
- 30-year fixed average, 7.18%
- 5 years of payments
- +$3,178
- $53 a month more than at the average
Have quotes from several lenders? Compare up to three side by side — payment, cash up front, APR and when points pay back.
Roughly nine in ten purchase borrowers choose it. The trade-off is total interest — at current rates you repay close to twice the amount borrowed over the full term — but there is no prepayment penalty on a conforming loan, so you can add principal whenever cash allows and shorten it yourself.
Because every lender offers this product, it is the one where shopping pays off most. The gap between the cheapest and priciest quote for the same borrower routinely exceeds a quarter of a percentage point, which is real money over 360 payments.
30-Year Fixed rate FAQ
What is the current 30-year fixed rate?
The national average 30-year fixed rate is about 7.18% (Freddie Mac PMMS, Nov 5, 2026). On a $400,000 loan that works out to roughly $2,710 a month in principal and interest over 30 years.
Averages assume a well-qualified borrower; your quote depends on credit, down payment and lender.
What is a good 30-year fixed mortgage rate right now?
A quote at or below today's 7.18% weekly average (Freddie Mac, Nov 5, 2026) is a good 30-year fixed rate for a borrower with strong credit and 20% down. Over the past 52 weeks that average ranged from 5.98% to 7.40%.
Quotes for the same borrower routinely differ by a quarter point or more between lenders, so a rate within about 0.25 percentage points of the average is competitive; much more than that is worth questioning. Test yours in the rate check above.
How much interest will I pay on a 30-year mortgage at today's rate?
At the 7.18% average, a $400,000 30-year loan costs about $575,506 in interest over its life, on a payment of $2,710 a month. Adding even $200 a month of principal, or choosing a 15-year term, cuts that total sharply.
How much is a $500,000 mortgage for 30 years?
At today's 7.18% 30-year fixed average, about $3,387 a month in principal and interest, and $719,383 of interest over 30 years. Property tax, homeowners insurance and any mortgage insurance come on top. Payments for other loan amounts are in the table above.
Why is my quoted rate different from the average?
National averages assume strong credit, a solid down payment and a single-family primary home. Lower scores, smaller down payments, condos, second homes and cash-out all add pricing adjustments, so the average is a benchmark for judging quotes, not a promise.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment figures are principal and interest, plus mortgage insurance or program fees only where a row says so; property tax and homeowners insurance are not included. Confirm current pricing with a licensed lender.