Today’s Mortgage Rates Keep Climbing | February 9, 2022 | Smart Change: Personal Finance | – Montana Standard

Interest rates are on the rise again. The average rate for a 30-year fixed-rate purchase loan increased to 4.23%, up 0.018 percentage points from yesterday. The rate for a 15-year fixed-rate mortgage moved up to 3.295%, while the 5/1 adjustable-rate mortgage increased to 2.873%.

Homeowners interested in refinancing their current home loan should expect to see higher rates as well. The rate on a 30-year refi loan is averaging 4.299%, while the average rate on a 15-year refi is up to 3.379%. The 5/1 ARM is averaging 2.921%.

  • The latest rate on a 30-year fixed-rate mortgage is 4.23%.
  • The latest rate on a 15-year fixed-rate mortgage is 3.295%. ⇑
  • The latest rate on a 5/1 ARM is 2.873%. ⇑
  • The latest rate on a 7/1 ARM is 3.151%. ⇑
  • The latest rate on a 10/1 ARM is 3.227%. ⇑

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.

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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 4.23%.
  • That’s a one-day increase of 0.018 percentage points.
  • That’s a one-month increase of 0.256 percentage points.

The 30-year fixed-rate mortgage is the most common home loan in America. Borrowers like its predictable interest, long payback time and relatively affordable monthly payments. However, it’s the most expensive option over the long term, as the interest rate is higher compared to a shorter-term loan and you pay it for more time.

Average Mortgage Rates

Data based on US mortgage loans closed on Feb 8, 2022


  • Feb 8: 3.3%
  • Last Week: 3.1%
  • Change: 0.2%


  • Feb 8: 4.23%
  • Last Week: 4.1%
  • Change: 0.13%


  • Feb 8: 3.15%
  • Last Week: 3.0%
  • Change: 0.15%


  • Feb 8: 3.23%
  • Last Week: 3.07%
  • Change: 0.16%

Find your actual rate at Quicken Loans.

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