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Compare 30-year Mortgage Rates | Monday, July 27, 2026

Rates are current as of July 27, 2026 2:40 PM EDT

National average mortgage rates:
30-Year Fixed

APR 6.61%

0.13% 1w
15-Year Fixed

APR 5.99%

0.09% 1w
5-Year ARM

APR 6.55%

0.07% 1w
10 ResultsShowing rates for: Purchase, Good (720-739), $500,000, 30-year fixed, Single-family, Primary residence
License information
10 Results for: Purchase, Good (720-739), $500,000, 30-year fixed, Single-family, Primary residence.
Tomo

NMLS#2059741

APR

6.38%

APR

6.38%

Interest rate

6.25%

Est. mo. payment

$2,463/mo

Total fees

$5,604

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The Nerdy headline

Tomo’s online rates comparison tool is among the best we’ve seen for shopping rates — and both their rates and fees are competitive. While they don’t offer refinance or home equity options, the solid lineup of purchase loans could be a good fit for a wide range of home buyers, including those with credit challenges.

Home loans overall

NerdWallet rating

4.5

What we like
  • Comprehensive online rates comparison tool makes it easy to customize sample rates.
  • Mortgage rates are on the low side, according to the latest federal data.
  • Offers financing options for borrowers with lower credit and those without Social Security numbers.
What we don't like
  • No refinance or home equity options.
  • Loans not available in all states.
Simplist

NMLS#1764611

APR

6.44%

APR

6.44%

Interest rate

6.38%

Est. mo. payment

$2,496/mo

Total fees

$2,576

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The Nerdy headline

Simplist is an online marketplace of mortgage lenders; human guidance is optional. You’ll make payments to a loan servicer, not to Simplist. Loans are not available in every state.

Home loans overall

NerdWallet rating

4.5

What we like
  • Loan origination process can be completed online.
  • Offers government-backed FHA and VA loans.
  • Offers module that compares mortgage rates among other lenders.
What we don't like
  • Offers loans in many states and Washington, D.C., but not nationwide.
  • Does not offer home equity loans or lines of credit.
Northpointe

NMLS#447490

APR

6.66%

APR

6.66%

Interest rate

6.63%

Est. mo. payment

$2,562/mo

Total fees

$1,359

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The Nerdy headline

In addition to conventional and government-backed loans, Northpointe Bank’s mortgage portfolio includes rarer offerings like doctor loans, condo loans and investment property loans. However, average fees and rates tend to be comparatively high.

Home loans overall

NerdWallet rating

4.5

What we like
  • Offers mortgages for investment properties.
  • Reported average closing time is faster than many competitors.
What we don't like
  • The lender's combination of rates and fees are on the high side, according to the latest data.
  • Bank’s mobile app isn’t useful for mortgage borrowers.
New American Funding

NMLS#6606

APR

6.78%

APR

6.78%

Interest rate

6.74%

Est. mo. payment

$2,592/mo

Total fees

$1,629

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The Nerdy headline

New American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.

Home loans overall

NerdWallet rating

4.0

What we like
  • Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
  • Its home equity line of credit can be used for a primary residence or second home.
What we don't like
  • Average rates and fees are on the high side, according to the latest federal data.
  • Personalized mortgage rates are not available on the website without providing contact information.
Real Genius

NMLS#2389303

APR

6.88%

APR

6.88%

Interest rate

6.88%

Est. mo. payment

$2,628/mo

Total fees

$15

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The Nerdy headline

Real Genius is a smart pick for a do-it-yourself online quote. We’re impressed with its "no fine print” approach and options to sort and customize APR and fees. However, Real Genius does not have a mobile app and doesn’t currently prioritize home equity lending.

Home loans overall

NerdWallet rating

4.5

What we like
  • Easy and transparent online rate quote tool.
  • May accept borrowers with low credit scores.
  • Closes loans in an average of 30 days (faster than industry average).
What we don't like
  • Federal data isn’t available for us to objectively compare this lender with others.
  • Home equity loans and HELOCs aren’t a priority.
  • Not currently lending in U.S. territories.
First Federal Bank

NMLS#408902

APR

6.88%

APR

6.88%

Interest rate

6.88%

Est. mo. payment

$2,628/mo

Total fees

$0

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The Nerdy headline

First Federal Bank stands out for its competitive APRs and its emphasis on government loans. Most likely to appeal to borrowers shopping for low rates and fees.

Home loans overall

NerdWallet rating

5.0

What we like
  • Strong experience in FHA and VA lending.
  • APRs tend to be competitive, according to the latest federal data.
  • Minimum credit score requirement of 580 for some loans, which is lower than some competitors.
What we don't like
  • Home equity lending is not a priority.
  • Does not offer renovation loans, but does offer construction loans.
Farmers Bank of Kansas City

NMLS#613839

APR

6.88%

APR

6.88%

Interest rate

6.88%

Est. mo. payment

$2,628/mo

Total fees

$0

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The Nerdy headline

Farmers Bank of Kansas City lets you browse rates and apply online, but branches are Kansas-only. Get discounts by using the bank’s partner real estate network.

Home loans overall

NerdWallet rating

4.5

What we like
  • Displays customized rates, with fee estimates, without requiring contact information.
  • Offers home equity loans and lines of credit.
  • Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.
What we don't like
  • Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
  • Home renovation loans are not available.
  • Mortgage rates are on the high side compared to other lenders, according to the latest federal data.
Central Bank

NMLS#407985

APR

6.89%

APR

6.89%

Interest rate

6.88%

Est. mo. payment

$2,628/mo

Total fees

$482

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The Nerdy headline

Midwest-rooted Central Bank offers an online application, which you can track via mobile app. But you’ll have to contact the bank for mortgage rates.

Home loans overall

NerdWallet rating

4.0

What we like
  • Among the best when it comes to online convenience.
  • Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
  • Claims to offer preapproval within 24 hours of loan application.
What we don't like
  • You'll have to complete a loan application to see mortgage interest rates.
  • Bank branch locations limited to the Midwest.
  • Does not offer home equity lines of credit.

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About these rates: The lenders whose rates appear on this table are NerdWallet's advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender's site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner's assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Today's mortgage rates | Monday, July 27, 2026

Last updated 2:40 PM EDT
On Monday afternoon, July 27, 2026, the average interest rate on a 30-year fixed-rate mortgage fell six basis points to 6.61% APR, compared to yesterday.
The average rate on a 15-year fixed-rate mortgage fell 13 basis points to 5.99% APR. The average rate on a 5-year adjustable-rate mortgage fell 16 basis points to 6.56% APR.
The 30-year fixed-rate mortgage rate is 13 basis points higher than one week ago and eight basis points lower than one year ago.
A basis point is one hundredth of a percent, or 0.01%. We describe mortgage rates’ ups and downs in basis points because they simplify comparisons.
NerdWallet’s rates are expressed as an annual percentage rate, or APR, and our mortgage rates data comes from Zillow.

30-Year Mortgage: Who It’s For and How to Secure the Best Rate

Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.

Written by 
,  Reviewed by 
,  Edited by 
Written by 
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Last updated 07/27/2026

What is a 30-year mortgage?

A 30-year fixed-rate mortgage is a home loan designed to be paid off in 30 years. It provides the security of a consistent principal and interest payment, and the flexibility to afford a larger mortgage loan because the payments are lower than for a shorter-term mortgage for the same amount.

Pros and cons of a 30-year fixed mortgage

The 30-year fixed mortgage is the most popular home loan term. It meets the needs of many borrowers, but some people prefer shorter loan terms. Here are benefits and drawbacks of the 30-year mortgage:

Pros

  • Lower payments: Because they’re spread out over 30 years, the monthly payments are lower than for loans with shorter terms.
  • Flexibility: If your monthly budget allows, you can make extra payments to pay off the loan faster. 
  • Bigger loan: Because monthly payments on a 30-year loan are smaller than on a shorter-term loan (such as 20 or 15 years), you can borrow more.

Cons

  • Higher interest rate: Because the lender is tying up its money longer, 30-year fixed mortgage rates are higher than on shorter-term loans, such as 15-year mortgages.
  • More interest overall: You pay more total interest over the life of a 30-year mortgage than shorter-term loans because you make more payments.
  • You risk borrowing too much: A 30-year loan lets you borrow more, which could tempt you into taking out a loan that’s too big. Even if you can afford the monthly payments, the larger loan could crowd out room in your budget for vacations, dining out and other discretionary spending.
» MORE: Compare a 30-year mortgage to a 15-year loan

How to find 30-year mortgage rates today

Today's mortgage rates can be found via NerdWallet’s mortgage rate tool at the top of this page. It can help you find 30-year fixed mortgage rates today that are tailored to your needs. In the filters above, enter details about the loan you’re looking for and see an interest rate quote without having to provide personal information.

Why the lowest 30-year mortgage rate doesn’t always equal the best deal

30-year mortgage rates vary day to day and even hour by hour. You can save money by comparison shopping because each lender offers its own combination of interest rate and fees.
Still, the loan offer with the lowest interest rate isn't necessarily the best. Lenders charge fees to offset expenses and add to their bottom lines. These closing costs can vary a lot from one lender to another, and they aren't necessarily spelled out until you formally apply for a loan.
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How to compare 30-year mortgage offers

If you’re approved, each lender will provide you with a Loan Estimate form. This will let you compare interest rates, mortgage origination fees and closing costs, giving you confidence that you’re getting the right loan for your situation
The Loan Estimate is a three-page document that provides the loan's details, projected payments and closing costs. Page 3 of the Loan Estimate has a section labeled "Comparisons." It's designed to simplify comparing loan offers. It provides three subheadings:
  1. "In 5 Years" totals how much you would spend on the mortgage in its first five years, including closing costs, principal, interest and mortgage insurance. A lower number is better.
  2. "Annual Percentage Rate (APR)" is a way to express the interest rate that takes closing costs into account. A lower APR is better.
  3. "Total Interest Percentage (TIP)" measures the total interest you would pay as a percentage of the loan amount. A lower TIP is better.
Freddie Mac research concluded that a typical borrower can expect to save an average of $1,500 over the life of the loan by getting one additional rate quote and an average of $3,000 by comparison-shopping five additional lenders.

How your 30-year mortgage rate is set

Mortgage rates are shaped by a mix of complex market forces: Bad economic or global political worries can move mortgage rates lower. Good news can push rates higher. Supply and demand are also key factors, with strong demand for mortgages generally driving rates higher and vice versa.
Additionally, lenders fine-tune your mortgage rate based on your personal risk. For example, the higher your credit score and the bigger your down payment, the lower your mortgage rate tends to be.
» MORE: Get your credit score for free

The difference between interest rate and APR

The interest rate is the percentage that the lender charges for borrowing the money. The APR, or annual percentage rate, takes fees and discount points into account.
APR is a tool used to compare loan offers, even if they have different interest rates, fees and discount points.

Learn more about fixed-rate loans:

Latest mortgage news and analysis