What is the mortgage rates today ?

As of today 07/23/24, the average mortgage rates are as follows:

1. 30-year fixed-rate mortgage: The average rate is approximately 6.77% according to Freddie Mac, while other sources indicate it can be as high as 7.472%​ (Money)​​ (Freddie Mac - We Make Home Possible)​
   

2. 15-year fixed-rate mortgage: Freddie Mac reports an average rate of 6.05%, with other averages around 6.547%​ (Money)​​ (Freddie Mac - We Make Home Possible)​.

3. Adjustable-Rate Mortgages (ARMs): Rates for ARMs vary, with 5/6 ARMs averaging 7.978%, 7/6 ARMs at 7.778%, and 10/6 ARMs at 7.797%​ (LendingTree)​.

These rates reflect averages and can vary based on factors such as credit score, loan amount, down payment, and location. It's a good idea to compare offers from multiple lenders to find the best rate for your specific situation.

For more detailed information and the latest updates, Please call us at 305-795-4535