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Today’s Mortgage Rates Move Higher | May 10, 2022

Borrowers will see higher rates for most loan categories today. The average rate on a 30-year fixed-rate mortgage is now 6.21%, up 0.039 percentage points from yesterday.

Buyers looking for a 15-year fixed-rate loan will find rates averaging 5.059%, while those interested in a 5./1 adjustable-rate mortgage can expect rates averaging 4.475%.

  • The latest rate on a 30-year fixed-rate mortgage is 6.21%. ⇑
  • The latest rate on a 15-year fixed-rate mortgage is 5.059%. ⇓
  • The latest rate on a 5/1 ARM is 4.475%. ⇓
  • The latest rate on a 7/1 ARM is 4.641%. ⇓
  • The latest rate on a 10/1 ARM is 4.807%. ⇓

Money’s daily mortgage rates are a national average and 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. Your individual rate will vary depending on your location, lender and financial details.

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