30-Year Mortgage Rates

Explore current rates for some of our most popular 30-year fixed mortgages. If you want better than a general idea of rates, we can help find the right option at the best rate for you.
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See Rates For

Buying A Home Refinancing

30-Year Fixed

Rate7.125%

/

APR7.436%

Points

1.875 ($5,156.25)

Apply To Prequalify
Learn About 30-Year Fixed Loans

30-Year FHA

Rate6.375%

/

APR7.289%

Points

2.125 ($5,843.75)

Apply To Prequalify
Learn About FHA Loans

30-Year VA

Rate6.375%

/

APR6.826%

Points

2.125 ($5,843.75)

Apply To Prequalify
Learn About VA Loans

30-Year Jumbo Fixed

Rate5.99%

/

APR6.228%

Points

2 ($19,000.00)

Apply To Prequalify
Learn About Jumbo Loans
A happy thirty-something Black man and his wife just made an offer on a gray home with white trim with help from Rocket Mortgage and their Rocket Homes real estate agent.

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Rates are current as of 8:53 PM UTC on December 13, 2024

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Discover your personalized rate.

If you’re watching rates, what you see is rarely what you’ll get. Start an application or connect with an expert to see what your rate could be.
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Many factors determine your 30-year mortgage rate.

You can control some things that influence your interest rate, like your financial details. Other things, not so much. Here are some of the factors that impact rates.

Economic

The stock market, the Federal Reserve, inflation and the housing market all affect mortgage rates.

Personal

Your credit profile, your debt compared to your income, and how much you’re borrowing help determine your mortgage rate.

Loan Type

Conventional, FHA and VA loans (mortgages for eligible military) are all available as a 30-year mortgage, but often have different rates.
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Pros And Cons Of A 30-Year Mortgage

Pros

Lower monthly payments because they’re spread out over a longer period than loans with shorter terms.

Ability to afford a more expensive home. A lower mortgage payment lowers your debt-to-income ratio, so you could get prequalified to spend more.

With Rocket Mortgage®, you can make extra payments to pay your loan off sooner without penalty.

Cons

Interest rates are typically higher because it takes longer for lenders to be reimbursed for the loan.

You’ll pay more interest because of the longer term.

It takes longer to build equity. Equity is the difference between what you owe on your home and its value. A 30-year term takes longer to reduce what you owe, so you won’t build equity as fast.

Join our clients who give us 5 stars for rates and service.

"The staff was knowledgeable and helpful, and they were able to secure a great rate for me."

JASMINEE C

“Got us a verified pre-approval quickly, found us a great partner real estate agent, and closed our loan incredibly quickly at a great interest rate.”

DAN S

“I appreciate the attention to every detail and getting me a better rate. Thanks to everyone involved.”

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“I’m a delighted customer who not only got the most competitive rate but overall great customer service.”

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30-Year Mortgage Rates Frequently Asked Questions

Don’t see your question here? We love helping people understand how rates work and what yours could be. Just talk to us.