The average interest rate on a 30-year mortgage varies depending on the source and the date. Here are some of the most recent average interest rates from different sources:
- Bankrate: On Monday, September 25, 2023, the current average interest rate for a 30-year fixed mortgage is 7.64%, rising 9 basis points over the last week.
- NerdWallet: On Saturday, October 21st, 2023, the average APR on a 30-year fixed-rate mortgage remained at 7.962%.
- Mortgage News Daily: As of September 20, 2023, the average interest rate for a 30-year fixed-rate mortgage was 7.33%.
- YCharts: As of September 14, 2023, the average interest rate for a 30-year fixed-rate mortgage was 7.18%.
Its important to note that these rates are just averages and can vary depending on factors such as the borrowers credit score, the size of the down payment, and the location of the property. Additionally, mortgage rates can fluctuate daily or weekly based on economic factors and other market conditions. Therefore, its always a good idea to shop around and compare rates from multiple lenders to find the best deal.