The answer to the question "what is a good mortgage interest rate?" is not straightforward, as it depends on various factors, including the borrowers financial circumstances and the current market conditions. Mortgage rates change all the time, and they can vary significantly from one day to the next. However, some general information can be gleaned from the search results:

• According to NerdWallet, on October 27th, 2023, the average APR on a 30-year fixed-rate mortgage was 7.795%, while the average APR on a 15-year fixed-rate mortgage was 7.042% .

• Forbes Advisor reports that on October 28th, 2023, the average APR for a 30-year fixed-rate mortgage was 8.24%, while the average APR for a 15-year fixed-rate mortgage was 7.36% .

• The Mortgage Reports states that good mortgage rates for a 15-year fixed loan generally start in the mid-6% range, while good rates for a 30-year mortgage typically start in the 7% range.

• Business Insider reports that interest rates for the most popular 30-year fixed mortgage averaged around 7.07% in September 2023.

Its worth noting that the rates mentioned above are just averages, and individual borrowers may be offered higher or lower rates depending on their creditworthiness and other factors. To find the best mortgage rate for their specific situation, borrowers should shop around and get rate estimates from multiple lenders. Additionally, having a good credit score can help borrowers access better mortgage rates.