Live · via FRED · St. Louis Fed

Mortgage Rates Today

As of April 2, 2026 · Updated weekly

30-Year Fixed

6.46%

+0.08% from last week

+0.30% vs 1 year ago

15-Year Fixed

5.77%

+0.02% from last week

+0.31% vs 1 year ago

Fed Funds Rate

3.64%

Monthly Payment Estimates

$400k loan

30-Year Fixedat 6.46%

$2,518/mo

15-Year Fixedat 5.77%

$3,326/mo

Monthly savings (15yr vs 30yr)

$808/mo more

Over 30 years, the 15yr fixed saves $307,727 in total interest — but requires higher monthly payments.

Rate Range (Last 12 Weeks)

30-Year Fixed

Current rate

6.46%

12-week high

6.46%

12-week low

5.98%

Position in range

100th percentile

5.98% low6.46% high

Rate History (Last 12 Weeks)

Apr 26.46%5.77%

Mar 266.38%5.75%

Mar 196.22%5.54%

Mar 126.11%5.50%

Mar 56.00%5.43%

Feb 265.98%5.44%

Feb 196.01%5.35%

Feb 126.09%5.44%

Feb 56.11%5.50%

Jan 296.10%5.49%

Jan 226.09%5.44%

Jan 156.06%5.38%

Week30yr15yr

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What Drives Mortgage Rates

Mortgage rates are primarily driven by the 10-year Treasury yield — not directly by the Fed Funds rate.

When inflation rises, Treasury yields rise, and mortgage rates follow. The Fed Funds rate influences short-term rates (HELOCs, ARMs) more directly.

Current spread: 2.82% above Fed Funds

True Cost Calculator

See total interest paid over life of loan, including taxes and insurance.

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Data source

Freddie Mac Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Updated every Thursday.