Current Mortgage Rates

Each week, Freddie Mac releases their Primary Mortgage Market Survey® (PMMS®) results from surveying mortgage lenders across the US. Included in these results are average interest rates for both 30-year and 15-year fixed rate mortgages. This survey is considered a reliable source for tracking mortgage rate trends and is used as a barometer for what you can expect when you apply for a mortgage. Note though that these numbers are only averages and not indicative of any specific lender's rates.

Mortgage Rate Averages
June 15, 2023 to June 13, 2024

30-Year Mortgage Costs

Based on the current 30-year mortgage rate average (6.95%), below are expected monthly payments for a home purchase based on a down payment amount. Click on the monthly payment to view the total interest and amortization schedule.

 Monthly Payments
Home Price0% Down10% Down20% Down
100,000 661.95 595.75 529.56
150,000 992.92 893.63 794.34
200,000 1,323.90 1,191.51 1,059.12
250,000 1,654.87 1,489.38 1,323.90
300,000 1,985.84 1,787.26 1,588.67
350,000 2,316.82 2,085.14 1,853.45
400,000 2,647.79 2,383.01 2,118.23
450,000 2,978.77 2,680.89 2,383.01
500,000 3,309.74 2,978.77 2,647.79
550,000 3,640.71 3,276.64 2,912.57
600,000 3,971.69 3,574.52 3,177.35
650,000 4,302.66 3,872.40 3,442.13
700,000 4,633.64 4,170.27 3,706.91
750,000 4,964.61 4,468.15 3,971.69
800,000 5,295.58 4,766.02 4,236.47
850,000 5,626.56 5,063.90 4,501.25
900,000 5,957.53 5,361.78 4,766.02
950,000 6,288.51 5,659.65 5,030.80
1,000,000 6,619.48 5,957.53 5,295.58
15-Year Mortgage Costs

Based on the current 15-year mortgage rate average (6.17%), below are expected monthly payments for a home purchase based on a down payment amount. Click on the monthly payment to view the total interest and amortization schedule.

 Monthly Payments
Home Price0% Down10% Down20% Down
100,000 853.07 767.76 682.46
150,000 1,279.60 1,151.64 1,023.68
200,000 1,706.14 1,535.52 1,364.91
250,000 2,132.67 1,919.40 1,706.14
300,000 2,559.21 2,303.29 2,047.37
350,000 2,985.74 2,687.17 2,388.59
400,000 3,412.28 3,071.05 2,729.82
450,000 3,838.81 3,454.93 3,071.05
500,000 4,265.34 3,838.81 3,412.28
550,000 4,691.88 4,222.69 3,753.50
600,000 5,118.41 4,606.57 4,094.73
650,000 5,544.95 4,990.45 4,435.96
700,000 5,971.48 5,374.33 4,777.19
750,000 6,398.02 5,758.21 5,118.41
800,000 6,824.55 6,142.10 5,459.64
850,000 7,251.08 6,525.98 5,800.87
900,000 7,677.62 6,909.86 6,142.10
950,000 8,104.15 7,293.74 6,483.32
1,000,000 8,530.69 7,677.62 6,824.55