Mortgage interest rates can vary depending on several factors, including the type of loan, the borrowers perceived risk, and larger economic forces beyond the borrowers control. Here are some examples of current mortgage interest rates as of October 12, 2023:

• The current average 30-year fixed mortgage interest rate is 7.80% .
• The current average interest rate for the benchmark 30-year fixed mortgage is 7.64% .
• The current 30-year fixed-rate mortgage rate is 7.18% .
• The current rate for a 15-year fixed-rate mortgage is 6.51% .

Its important to note that mortgage rates can fluctuate daily and can vary depending on the lender and the borrowers individual circumstances. When shopping for a mortgage, its important to consider not only the interest rate, but also other terms of the loan, such as annual percentage rates (APRs), fees, and closing costs. Comparing loan details from multiple lenders can help borrowers determine the best deal for their situation.