Skip to content

Average Mortgage Rates Today

Average
Mortgage Rates
Today

The mortgage rates below reflect national averages published by the Optimal Blue Mortgage Market Indices (OBMMI) — they are NOT the rates currently being offered by LendFriend.

LendFriend Mortgage often provides rates significantly lower than these averages, depending on your loan type and qualifications.

Stay ahead of market without the hassle, sign up for our free weekly rate alerts and we'll deliver our lowest rates right to your phone every week.

The mortgage rates below reflect national averages published by the Optimal Blue Mortgage Market Indices (OBMMI) — they are NOT the rates currently being offered by LendFriend.

LendFriend Mortgage often provides rates significantly lower than these averages, depending on your loan type and qualifications.

Stay ahead of market without the hassle, sign up for our free weekly rate alerts and we'll deliver our lowest rates right to your phone every week.

Mortgage Rate FAQs: What You Need to Know and How LendFriend Helps You Save

How are average mortgage rates calculated?

The national mortgage rate averages shown above come from the Optimal Blue Mortgage Market Indices (OBMMI). These rates represent a daily average of actual locked rates across thousands of lenders nationwide. The index includes a wide range of borrowers, property type (condo vs house), loan type (primary, secondary, investment), credit scores, and loan-to-value ratios, so it reflects general market pricing rather than a specific lender’s rate sheet.

 

Why are LendFriend's rates often lower than the national average?

LendFriend Mortgage is a family-owned, independent mortgage broker. That means we work with many different lenders to shop around and find you the best deal — not just the rates from one bank. Because of this, we can often offer access to wholesale mortgage rates that are lower than the national average.

We’re a small business, not a big bank. Unlike large lenders with high overhead costs, we keep things lean so there’s less cost passed on to you. On top of that, we help match you with the right loan program for your needs — and you may qualify for special discounts or lender credits through us that you wouldn’t get elsewhere, helping you save even more.

How can I get a mortgage rate lower than the average?

Working with a mortgage broker like LendFriend is one of the best ways to secure a rate below the national average. We shop multiple lenders for you and negotiate pricing based on your specific situation. Additionally, improving your credit score, lowering your debt-to-income ratio, and making a larger down payment can help you qualify for better rates.

Why do mortgage rates change every day?

Mortgage rates are tied to movements in the bond market, particularly mortgage-backed securities. As economic data, Federal Reserve policies, and investor sentiment shift, bond yields move — and mortgage rates follow. That’s why rates can change daily (or even within a single day). Factors like inflation reports, jobs data, and geopolitical events can all influence mortgage pricing.

What’s the difference between conforming, jumbo, VA, FHA, and USDA rates?

Each loan type has its own eligibility criteria, risk profile, and secondary market pricing:

  • Conforming loans (up to Fannie Mae/Freddie Mac limits) usually have the best rates for well-qualified borrowers.

  • Jumbo loans exceed conforming limits and often have slightly higher rates.

  • VA loans (for veterans/military) and USDA loans (for rural areas) can offer below-market rates and reduced fees.

  • FHA loans may have competitive rates, but they include mortgage insurance premiums that affect the overall cost.

We offer a wide range of mortgage loan options and can help you find the one that suits you best.

Sign Up for Our Weekly Rate Alert and Never Miss a Rate Drop

Join the 2,000+ subscribers receiving our lowest advertised rates.

Sign Up for Our Weekly Rate Alert and Never Miss a Rate Drop

Join the 2,000+ subscribers receiving our lowest advertised rates.

Example of This Week's Mortgage Rate Alert
Eric Interest Rate Update (24)

Why Homebuyers and Homeowners Trust LendFriend Mortgage

5/5 Star Reviews on Google, Zillow, and Experience.

Google 5-stars
  • We worked with the LendFriend team and could not recommend it more. As first time home buyers, there is a lot to learn - and LendFriend know how to share their knowledge with patience and professionalism.For anyone considering working with them, just go ahead and give them a call. You will not regret it.
    Jesper Holdensen
    Closed June 2025
  • Wow my husband and I were truly impressed with how easy the LendFriend team made our home buying experience. Eric and his team took extra care in explaining and outlining each step -- a real customer first experience. On top of that, each member of the team was incredibly knowledgeable, organized, and responsive; resulting in an expeditious close! The website promise of working around the clock to support you is 100% factual, we had staff answering questions late night and weekends. The entire team was a real pleasure to work with, so if you are looking for a mortgage broker look no further, LendFriend is the team for you! They will give you peace of mind, get you the best rates, and make you feel confident when buying your home :)
    Sarah Carr
    Closed May 2025
  • I had been looking for a house for 2-3 years and while it was a journey as a business owner with a difficult financial situation this company did what 6 others could not. They got me a jumbo loan based off my business income and when I needed more they just made it happen twice. This process of funding can be extremely difficult and basically a blow to the ego but Eric and his team are literally magicians and my fiancee and I are now closed on out dream house. I recommend them whole heartedly
    Shawn Tassone, MD, PhD
    Closed April 2025
  • LendFriend is the only place to go for mortgage brokerage services. Their unparalleled technical knowledge, relationships with a wide array of lenders, and outstanding service make them the absolute best place to secure your next mortgage.
    Robert Daake
    Closed March 2025
  • LendFriend was such a wonderful partner in the process of buying our first home. They were so helpful and patient in giving us guidance, and their availability to communicate was next-to-none. I can't recommend them highly enough!
    Hunter Hampton
    Closed February 2025
  • Highly recommend LendFriend!!! As daunting as the process can be to get pre-approved for a mortgage loan, the entire team was great that we worked with that got us to the finish line. Each team member helped us in clearly communicating each step to ensure every step was smooth, in addition being available for a quick call to walk through our questions and concerns when needed. LendFriend was also very competitive with rates and dropped our interest rate last minute right before we closed! They got the job done and made it as stress free as possible.
    Ingrid Eichenberger
    Closed December 2024