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What Are Today's Mortgage Rates?
As of Thursday, July 10, 2025, our partner Rocket Mortgage® is offering a 30-year fixed mortgage with an APR of 7.417%, an increase of 79 basis points from last week. For government-backed options, a 30-year FHA loan has a current APR of 7.102%, the same as last week, while the 30-year VA loan stands at an APR of 6.780%, the same as last week.
What is a basis point?
A basis point is equal to 0.01% and is used to describe the percentage change in interest rates.
What's the difference between APR and interest rate?
APR includes the interest rate plus other loan costs, giving a more complete picture of the loan's cost.
Mortgage Rate Trends 2024-2025
Current Mortgage Rates by Loan Type
The table below is updated daily with average rates for common loan types. These averages are based on a 20% down payment and 740+ credit score.
| Product | Interest Rate® | APR® |
|---|---|---|
| 30-year fixed | 7.125% | 7.417% |
| 30-year jumbo fixed | 5.990% | 6.212% |
| 20-year fixed | 6.990% | 7.383% |
| 15-year fixed | 6.250% | 6.682% |
| 30-year fixed FHA | 6.250% | 7.102% |
| 30-year fixed VA | 6.375% | 6.780% |
