Today's Home Loan and Refinance Rates

Credit Profile. Your credit profile, including your score and history, can significantly impact your home loan terms and the programs you are eligible for. Applicants with higher scores and strong profiles typically benefit from lower rates and a wider selection of loan programs. To review the most accurate loan terms, update the search menu to review interest rates that reflect your credit rating.

Fees and Points. In addition to comparing interest rates, it is also important to compare loan fees, including discount points, when you shop for a home loan. Lenders that offer lower rates may charge higher fees, and vice versa. You should also determine if your loan terms include discount points, which are optional for borrowers, to make sure that you are comparing similar proposals. Our home loan lender tables show you both lender fees and discount points.

Loan Term. Your home loan term, or how long your loan is, also impacts your interest rate and monthly payment. The shorter your home loan term, the lower your interest rate but the higher your monthly payment. Selecting a shorter home loan can save you a significant amount of interest expense in the long run.

Loan Size. Larger home loans that are greater than the conforming mortgage limit for your county may charge a higher rate or apply different borrower qualification guidelines. Use our search menu to view updated loan terms based on your specific loan amount and property value.

Rate Lock. Our home loan rate tables indicate the length of the rate lock for the terms provided by each lender. The rate lock is the period of time the terms are good for. The length of the rate lock period may impact your interest rate so it is important to understand this information before you select your lender, especially if interest rates are fluctuating.

Home Loan Type. The loan terms for a home purchase loan may be different than for a refinance. The interest rate for a refinance may be lower so it is important to specify your home loan type when you compare lenders.

APR. The APR (annual percentage rate) listed on our home loan lender tables is a single figure that enables you to compare both interest rate and fees across different lenders. The lower a lender's combined rate and fees, the lower the APR. Comparing APRs can make it easier to find the best loan terms.

Geography. Home loan terms may vary by location due to local regulations and market conditions. Home loan lenders are licensed by state and we recommend that you confirm your state in our search menu to review customized loan terms based on your location.

Lender. Different lenders may specialize in different home loan programs. Additionally, lenders may apply different qualification requirements. That is why we always recommend that you shop multiple lenders for your loan. Contact multiple lenders on our home loan rate tables to find the lender and loan program that are right for you.