Here are today’s Home Equity Loan rates. Get a personalized quote for your area in as little as 3 minutes, with no impact to your credit score.
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Rates and other loan terms are subject to lender approval and not guaranteed.
Mortgage rates today
Mortgage rates are a crucial factor to consider when buying a home or refinancing an existing mortgage. These rates decide how much interest lenders charge you to borrow money, and affect your total loan cost. Knowing your mortgage rate is key for making informed financial decisions and securing the best deal.
What are today’s interest rates and why do they matter?
To grasp the importance of mortgage rates, let’s start by clarifying what they are. Mortgage rates refer to the current interest rates that lenders offer on mortgage loans. Rates can change based on factors like the economy, Federal Reserve policies, and market expectations.
Your rate impacts the home’s affordability and the total interest paid over the loan’s life. That’s why it’s crucial for homebuyers or those refinancing to monitor the current mortgage rates.
When it comes to mortgage loans, the lower the interest rate, the lower your monthly payment will be. For example, the monthly principal and interest payment (not including taxes and insurance premiums) on a $350,000, 30-year fixed mortgage at 6% interest is $2,098, compared to a monthly payment of $1,987 at 5.5% interest.
- Rates can change several times a day, so we make sure you have the latest. We updated them at 9:28 p.m. PST on Dec 22. Interest rates and APRs are for informational purposes and do not include all applicable fees. Your actual rates, payments, and costs may differ.
- Rates and fees are as of time displayed above and are subject to change without notice.
- The one-time costs shown include points/credits and third-party fees. An escrow deposit, pre-paid interest, and other charges may be required depending on your situation.
- We don’t yet have your complete financial picture. Your actual rate, payment and costs could be higher. Get an official Loan Estimate before choosing a loan.
- Loan approval is subject to underwriter review: not everyone who applies will be approved.
- We also assume: closing costs are paid out of pocket; your debt-to-income ratio is below 35%; you are purchasing or refinancing a single-family home that is your primary residence; you are making a down payment of 20%; and your credit score is 760 or higher.
- Refinancing may cause your finance charges to be higher over the life of the loan.