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Mortgage rates are the same across the board. Here are today’s average mortgage rates:

  • 30-year fixed: 7.50%
  • 15-year fixed: 6.75%
  • 30-year jumbo: 7.53%

*Data valid as of June 3, 2024, latest data available.

30-year fixed mortgage rate

Today’s 30-year deadline Mortgage rates According to data from Curinos, is 7.50% which is the same as last week’s 7.50%. This is lower than last month’s 7.54 percent. Around the same time last year, 30-year fixed rates were at 7.24 percent, making rates higher today than they were a year ago.

At the current 30-year fixed rate, you’d pay about $698 for every $100,000 per month — the same as last week.

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15-year fixed mortgage rate

Today’s 15-year fixed mortgage rate is 6.75%, up from 6.75% last week. This is higher than the previous month’s 6.74 percent. Around the same time last year, the 15-year fixed rate was 6.34%, making today’s rate higher than it was a year ago.

At the current 15-year fixed rate, you’ll pay about $883 per month for every $100,000 you owe, down from about $884 last week.

30-year jumbo mortgage rate

Today’s 30-year jumbo mortgage rate is 7.53%, up from 7.46% last week. This is higher than the previous month’s 7.46 percent. Around the same time last year, 30-year jumbo rates were at 6.88 percent, making today’s rate 1 percentage point higher than a year ago.

At the current 30-year jumbo rate, you’ll pay about $699 per month for every $100,000 you owe, down from about $701 last week.


To determine the average mortgage rate, Curinos uses a standard set of parameters. For a conventional mortgage, the calculation is based on an owner-occupied, one-unit property with a loan amount of $350,000. For a jumbo mortgage, the loan amount is $766,550. These calculations assume an 80% loan-to-value ratio, a credit score of 740 or higher and a 60-day lock-in period.

Frequently Asked Questions (FAQs)

Mortgage rates are determined by a variety of factors, including the overall economy, inflation and the actions of the Federal Reserve. Mortgage lenders then set their loan rates based on these economic factors.

The rate you’re offered on a mortgage will depend not only on the lender, but also on your credit score, income, debt-to-income (DTI) ratio and other parts of your financial profile.

If you choose a rate lock, you can usually do so for 30 to 60 days, depending on the lender. In some cases, you may be able to lock in your rate for up to 120 days.

Keep in mind that while some lenders allow you to lock in a mortgage rate for free, you’ll likely have to pay a fee for a longer lock-in period. These fees typically range from 0.25% to 0.5% of your loan amount. You may also be charged a fee if you want to extend the lock period – usually 0.375% of the loan amount.

There are several strategies that can help you qualify for the best mortgage rate, such as:

  • Checking your credit: When you Apply for a mortgage., the lender will review your credit to determine your creditworthiness as well as your interest rate. Generally, the higher your credit score, the lower your rate. So before applying, it’s a good idea to check your credit to see where you stand. If you find any errors on your credit report, dispute them with the appropriate credit bureau to possibly raise your score.
  • Comparing Lenders: Taking the time to shop around and compare your options with as many lenders as possible can help you find the best deal. In addition to rates, be sure to consider each lender’s terms, fees and eligibility requirements.
  • Improving your credit score: If you have less than perfect credit and can wait to apply for a mortgage, it may be worth the effort. Improve your credit In advance to qualify for better rates in the future. Some possible ways to boost your credit include paying all your bills on time and reducing your credit utilization (the amount of credit used against your credit limit) on credit cards and lines of credit by 30%. or less is included.
  • Reducing debt: Paying off debt can help lower your DTI ratio, which is how much you owe in monthly debt payments compared to your income. Having a low DTI ratio can make you less of a risk to the lender, which can result in a lower rate.
  • Choosing a shorter repayment period: Lenders usually offer lower rates to borrowers who choose a shorter repayment period. For example, you’re likely to get a lower rate on a 15-year mortgage than a 30-year loan.

Blueprint is an independent publisher and comparison service, not an investment advisor. The information provided is for educational purposes only and we encourage you to seek personal advice from qualified professionals regarding specific financial decisions. Past performance is not indicative of future results.

The blueprint is one Advertiser Disclosure Policy. Any opinions, analyses, reviews or recommendations expressed in this article are solely those of the Blueprint editorial staff. Blueprint adheres to strict editorial integrity standards. The information is correct as of the date of publication, but always check the provider’s website for the most up-to-date information.

Jamie Young

Jamie Young is the lead editor for loans and mortgages at USA Today Blueprint. She has been writing and editing professionally for over 12 years. Previously, she worked for Forbes Advisor, Credible, LendingTree, Student Loan Hero, and GOBankingRates. His work has also appeared on some of the most popular media outlets including Yahoo, Fox Business, Time, CBS News, AOL, MSN, and more. Jamie is passionate about finance, technology, and Oxford Comma. In her free time, she likes to play, play with her two crazy cats (Detective Snoop and his girl Friday), and collect her growing plants.

Megan Horner

Megan Horner is editorial director at USA Today Blueprint. He has over 10 years of experience in online publishing, mostly focused on credit cards and banking. Previously, she was head of publishing at Finder.com where she led the team to publish personal finance content on credit cards, banking, loans, mortgages and more. She was previously an editor at Credit Karma. Megan has been featured in CreditCards.com, American Banker, Lifehacker and in news broadcasts across the country. He has a bachelor’s degree in English and editing.

Ashley Harrison

Ashley Harrison is the deputy editor of USA Today Blueprint Loans and Mortgages who has worked in the online finance space since 2017. She has previously worked at Forbes Advisor, Credible, Lending Tree and Student Loan Hero. His work has appeared on Fox Business and Yahoo! Ashley is also an artist and massive horror fan who produced her short story “The Box” for the award-winning NoSleep Podcast. In her free time, she enjoys drawing, playing video games, and hanging out with her black cats, Salem and Binks.

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