Today's Mortgage Rates
The national averages below come directly from Freddie Mac's Primary Mortgage Market Survey — the industry's most-cited weekly rate benchmark, published every Thursday since 1971.
30-Year Fixed
Most popular loan term
15-Year Fixed
Lower rate, faster payoff
52-Wk High (30-yr)
6.89%
52-Wk Low (30-yr)
5.98%
Prior Week (30-yr)
6.11%
Prior Week (15-yr)
5.50%
vs. 1 Year Ago
-0.43%
Rates are lower
vs. All-Time Low
+3.57%
All-time low: 2.65% (Jan 2021)
Historical Average
-1.54%
Since 1971: 7.76% average
What This Means For You
Today's Rate → Your Monthly Payment
$400K Home · 20% Down
$1,964/mo
P&I at 6.22% · 30-yr fixed
$550K Home · 20% Down
$2,701/mo
P&I at 6.22% · 30-yr fixed
$750K Home · 20% Down
$3,683/mo
P&I at 6.22% · 30-yr fixed
Customize price, down payment, and term in our full calculator
Share current rates:
Weekly Market Commentary
Week Ending April 30, 2026
Average 30-Year Fixed-Rate Mortgage at 6.30%
The 30-year fixed-rate mortgage edged up this week to 6.30%, compared with 6.23% last week and 6.76% a year ago.
The 15-year fixed-rate mortgage averaged 5.64%, compared with 5.58% last week and 5.89% a year ago.
Freddie Mac Primary Mortgage Market Survey (via FRED) • Published every Thursday at 9:00 AM ET • freddiemac.com/pmms
Know the moment
rates drop.
Set your target rate. We'll email you the next Thursday after 30-year fixed rates fall to or below your threshold — based directly on Freddie Mac PMMS data.
- ✓Free — no subscription, no spam
- ✓Based on live Freddie Mac PMMS data
- ✓One alert when your rate is hit — that's it
Rates need to fall 1.22 pts from today's 6.22%.
No account required · unsubscribe any time
What's Your Rate?
National averages only tell part of the story. Your actual rate depends on your credit profile, down payment, property type, and loan purpose. Get a free, no-obligation quote tailored to your specific scenario — typically within 2 hours.
Over 1,200 rate quotes this month
Join homebuyers getting personalized rates
Free quote · No credit check · Secure & confidential
Multifamily & Agricultural Rates
Additional rate data from the Federal Reserve. These rates update monthly (not weekly) and represent national averages for commercial and farm real estate financing.
Multifamily (5-Yr)
National average, monthly data
Representative market estimate · Updated monthly
Farm Real Estate
National average, monthly data
Representative market estimate · Updated monthly
52-Week Rate History
The chart below mirrors the official Freddie Mac PMMS release, published every Thursday. National averages include points paid to obtain the rate; your actual cost will depend on your loan profile, lender, and market timing.
National averages. Points included. Not an offer to lend. Rates change daily — your actual rate depends on credit, LTV, property type, and market conditions at time of lock.
About the Data
What Is the Freddie Mac PMMS?
The Primary Mortgage Market Survey® (PMMS) is a weekly survey of lenders that Freddie Mac has published every Thursday since April 1971. It measures the average rates and points offered to well-qualified borrowers on conventional, conforming 30- and 15-year fixed-rate mortgages and 5/1 ARMs — it is the most widely cited mortgage rate benchmark in the United States.
The survey polls lenders across the country and includes all fees and points associated with the advertised rate, making it a useful apples-to-apples comparison of market movement over time.
Read the official PMMS releaseYour Rate Will Be Different
Factors That Move Your Rate
Credit Score
A 760+ FICO typically commands the best pricing. Below 700, rate adjustments increase meaningfully.
Loan-to-Value (LTV)
A larger down payment or more equity means lower risk — and a lower rate. ≤80% LTV avoids PMI entirely.
Property Type & Occupancy
Primary residences price better than second homes. Investment properties carry a risk premium. Condos and manufactured homes have their own adjustments.
Loan Purpose
Purchase loans typically price better than cash-out refinances. Rate-and-term refis fall in between.
Loan Size
Conforming loans (below FHFA limits) price at the PMMS baseline. Jumbo and high-balance loans have their own market.
Points & Lock Period
Paying discount points buys the rate down; a shorter lock (15 days vs. 60 days) may reduce the rate slightly.
Personalized Pricing
We Offer Competitive Rates Across Every Loan Type
The PMMS is a national average — Lumen Mortgage prices loans individually. We have access to dozens of investors across residential, multifamily, and agricultural lending, which means competitive options at every credit tier and property type. Tell us about your scenario and we'll find your best rate.
Residential Rates
Conventional, FHA, VA, USDA, jumbo, renovation, construction, ADU, physician, portfolio, and more — 21 residential programs with rate options across every credit tier.
Multifamily Rates
2–4 unit, small-balance, DSCR investor, bridge, agency large apartment, and construction financing — institutional pricing with boutique service.
Agricultural Rates
Farm purchase, ranch & timberland, raw land, operating lines, agribusiness, and specialty crop financing for Oregon and California operations.
Rate quotes are free, no-obligation estimates based on your specific scenario. Quoted rates are subject to credit approval, appraisal, and market conditions at time of lock. Lumen Mortgage · NMLS #1498678 · Licensed in Oregon & California.
What Clients Say
Real Borrowers. Real Rates.
Our clients consistently tell us our rates beat what they found elsewhere — and that there are no surprises at the closing table. Over 1,200 satisfied homebuyers this year.
"I called three other lenders before Lumen and everyone quoted me in the high 7s. David came back with a rate that was nearly a half-point lower on a conventional 30-year. He walked me through every discount point option and never pushed me toward the more expensive choice. On a $490k loan that difference is enormous over the life of the loan. Closed in 16 days."
Michael T.
Portland, OR · January 2026
"We were refinancing out of a rate we locked in 2023 and were skeptical anything would pencil out. David ran every scenario — rate-and-term, cash-out, even a 20-year to compare — and laid out the break-even analysis in plain language. We locked a rate that made the refi make total sense. Total transparency on pricing, no bait-and-switch."
Sarah & Tom R.
Eugene, OR · October 2025
"As an investor I watch rates obsessively. Lumen's DSCR pricing was the most competitive I found in Oregon — and I checked six lenders. More importantly the rate they quoted on day one matched the Closing Disclosure dollar for dollar. That kind of integrity is rare in this business. They've earned every future deal I do."
James L.
Bend, OR · March 2025
Rate Disclaimer. Rates shown are national averages from the Freddie Mac Primary Mortgage Market Survey (PMMS) and are provided for informational purposes only. They do not represent an offer or guarantee of any particular rate or term. Actual rates vary based on individual borrower qualifications including credit score, loan-to-value ratio, debt-to-income ratio, property type, loan purpose, and current market conditions at the time of rate lock.
Lumen Mortgage Corporation · NMLS #1498678 · 920 SW 6th Ave, Suite 1200, Portland, OR 97204 · Licensed in Oregon & California · Equal Housing Lender.