Today’s Mortgage Rates Are Mixed | February 8, 2022 | Smart Change: Personal Finance | – Bloomington Pantagraph

Mortgage rates are starting the day little changed from yesterday. The average rate for a 30-year fixed-rate mortgage ticked down to 4.212% while the 15-year rate increased to 3.239%. Borrowers looking for a 5/1 adjustable-rate mortgage will see rates unchanged at 2.856%.

Rates for refinancing loans are also mixed. The 30-year refi decreased to 4.279%. The 15-year rate, on the other hand, moved up to 3.304%. The average rate on a 5/1 ARM barely budged and is now at 2.905%.

  • The latest rate on a 30-year fixed-rate mortgage is 4.212%.
  • The latest rate on a 15-year fixed-rate mortgage is 3.239%. ⇑
  • The latest rate on a 5/1 ARM is 2.856%. ⇔
  • The latest rate on a 7/1 ARM is 3.134%. ⇔
  • The latest rate on a 10/1 ARM is 3.207%. ⇑

Money’s daily mortgage rates reflect what a borrower with a 20% down payment and a 700 credit score — roughly the national average score — might pay if he or she applied for a home loan right now. Each day’s rates are based on the average rate 8,000 lenders offered to applicants the previous business day. Freddie Mac’s weekly rates will generally be lower, since they measure rates offered to borrowers with higher credit scores.

Looking for a loan? Check out Money’s lists of the best mortgage lenders and best refinance lenders.

Today’s 30-year fixed-rate mortgage rates

  • The 30-year rate is 4.212%.
  • That’s a one-day decrease of 0.004 percentage points.
  • That’s a one-month increase of 0.27 percentage points.

Most borrowers opt for a 30-year fixed-rate mortgage thanks to its steady interest rate, long payback time and more affordable monthly payments. Compared to a shorter-term loan, however, the interest rate will be higher. This means you’ll pay more in total over the 30 years.

Average Mortgage Rates

Data based on US mortgage loans closed on Feb 7, 2022


  • Feb 7: 3.24%
  • Last Week: 3.1%
  • Change: 0.14%


  • Feb 7: 4.21%
  • Last Week: 4.1%
  • Change: 0.11%


  • Feb 7: 3.13%
  • Last Week: 3.0%
  • Change: 0.13%


  • Feb 7: 3.21%
  • Last Week: 3.07%
  • Change: 0.14%

Find your actual rate at Quicken Loans.

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View Rates for February 08, 2022

Today’s 15-year fixed-rate mortgage rates

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