Today's mortgage rates
What would your payment be?
See this week's average mortgage rates, then enter what you'd like to borrow to see your monthly payment.
Source: Freddie Mac, updated every Thursday.
Estimate only, not a loan offer. Doesn't include mortgage insurance. Your actual rate and payment depend on your credit, down payment and loan type.
Before you shop
Get pre-approved first.
A pre-approval tells you exactly what you can afford and makes your offer stronger. J.R. will connect you with a trusted mortgage broker.
- Know your real budget before you fall in love with a house.
- Stronger offers. Sellers take pre-approved buyers more seriously.
- Faster closing, with a target of about 21 days.
- Up to $2,000 back toward closing costs when you buy with J.R.
Questions
Rates & payments, answered.
Where do these rates come from?
They're Freddie Mac's Primary Mortgage Market Survey, the national average rate most news outlets report. It's published every Thursday, and this page updates on its own.
Will I get this exact rate?
Not necessarily. Your rate depends on your credit, down payment, loan type and the day you lock. Use this as a starting point, then get a real quote from a lender.
What does the monthly payment include?
Principal and interest, plus the property taxes, homeowner's insurance and HOA dues you enter. It doesn't include mortgage insurance, which some loans require when the down payment is under 20%.
Why are property taxes different in Michigan after I buy?
A Michigan home's taxable value resets the year after it sells, so your taxes may be higher than the seller's. J.R. estimates your real tax bill before you make an offer.
Curious what your home would bring?
Get a free, no-pressure home value from J.R., usually the same day.