Lowest rates since Oct 2024

This could mean a lower monthly payment and better terms. Discover your custom Rocket Mortgage® rate options in minutes.

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Today's mortgage rates*

30-year jumbo fixed

5.625%

0.00%

APR

5.841%

Points

1.875 ($20,625)

30-year fixed

6.5%

0.13%

APR

6.778%

Points

1.875 ($6,563)

25-year fixed

6.5%

0.13%

APR

6.798%

Points

1.75 ($6,125)

30-year VA

5.99%

0.37%

APR

6.384%

Points

1.875 ($6,563)

30-year FHA

5.99%

0.37%

APR

6.818%

Points

1.75 ($6,125)

20-year fixed

6.375%

0.39%

APR

6.722%

Points

1.75 ($6,125)

*Compared week over week. Rates are current as of 7:31 PM UTC on November 4, 2025

How low rates impact your front door

Curious if it’s a good time for your next move? Let’s chat about your options.

Buy a home

Buying when rates are down can mean a smaller monthly payment and more room in your budget.

Refinance your loan

If you already own, refinancing when rates are low could reduce your monthly payment or help you save long term.

Tap into equity

Your home’s valuable. Take advantage of lower rates to free up cash by tapping into your home’s equity.

A better rate can open the door to what’s next

For home buyers

How lower rates can help home buyers

Lower rates means lower monthly payments & more room in your budget.

Discount points

You can buy points to lower your rate.

Temporary buydown

A temporary buydown lowers your rate for a limited time.

Affordable loans

Eligible buyers can get credit toward their down payment or closing costs! Both are ways to lower your monthly payment. Explore our affordable loans.

Get my rate estimate

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For homeowners

Lower rates can help you move, refi, renovate & more

This could be the moment to bring back plans you had put on pause.

Cash-out options

Homeowners have historically high levels of home equity – and you can use it to get cash.

Change your rate, payment or term

Free up room in your budget with a lower monthly payment.

Sell your home, buy another, save more

With lower rates, it might be the perfect time to make a move.

Discover what’s possible

A woman in a blue sweatshirt stands in front of a large hole in a wall during a home renovation.

For home buyers

For homeowners

How lower rates can help home buyers

Lower rates means lower monthly payments & more room in your budget.

Discount points

You can buy points to lower your rate.

Temporary buydown

A temporary buydown lowers your rate for a limited time.

Affordable loans

Eligible buyers can get credit toward their down payment or closing costs! Both are ways to lower your monthly payment. Explore our affordable loans.

Get my rate estimate

Lower rates can help you move, refi, renovate & more

This could be the moment to bring back plans you had put on pause.

Cash-out options

Homeowners have historically high levels of home equity – and you can use it to get cash.

Change your rate, payment or term

Free up room in your budget with a lower monthly payment.

Sell your home, buy another, save more

With lower rates, it might be the perfect time to make a move.

Discover what’s possible

Compare rates

Monthly payment examples below are for a loan amount of $350k ($1,100k on Jumbo). Taxes and insurance not included within the estimate; actual payment amount will be greater.

Loan type

Rate 6.5%

APR

6.778%

Monthly payment $2,213

Points

1.875 ($6,563)

Loan type

Rate 6.375%

APR

6.722%

Monthly payment $2,584

Points

1.75 ($6,125)

Rates are current as of 2:49 PM UTC on November 4, 2025

Monthly payment examples below are for a loan amount of $275k ($1,100k on Jumbo). Taxes and insurance not included within the estimate; actual payment amount will be greater.

Loan type

Rate 5.99%

APR

6.272%

Monthly payment $1,647

Points

1.875 ($5,157)

Loan type

Rate 5.875%

APR

6.215%

Monthly payment $1,951

Points

1.625 ($4,469)

Rates are current as of 2:49 PM UTC on November 4, 2025

Explore more rates

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Read the latest about rates

5-minute read

How the federal funds rate affects mortgage rates

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6-minute read

How a Fed rate drop affects home buyers and sellers

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4-minute read

Should I lock in my mortgage rate today?

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7-minute read

How Are Mortgage Rates Determined?

5-minute read

How the federal funds rate affects mortgage rates

6-minute read

How a Fed rate drop affects home buyers and sellers

4-minute read

Should I lock in my mortgage rate today?

7-minute read

How Are Mortgage Rates Determined?

Visit our learning center

5-minute read

How the federal funds rate affects mortgage rates

6-minute read

How a Fed rate drop affects home buyers and sellers

4-minute read

Should I lock in my mortgage rate today?

7-minute read

How Are Mortgage Rates Determined?

Visit our learning center

Interest rate FAQs

What’s an interest rate?

It’s a percentage you’re charged to borrow money, applied to your loan amount.

What’s APR?

Annual percentage rate (APR) includes your interest rate plus loan fees. It gives you a more complete view of what you’ll pay each year to borrow money, making it easier to compare loans.

What’s a fixed-rate mortgage?

It means your interest rate stays the same for as long as you have the loan.

What’s an adjustable-rate mortgage?

Also called a variable-rate mortgage or hybrid ARM, it’s a home loan with an interest rate that adjusts periodically based on the market.

Who's the Fed?

The Federal Reserve is the central bank of the U.S. It controls the interest rate banks charge to borrow money - including for mortgages.

What determines your mortgage rate?

Your mortgage rate is based on a mix of personal financial factors and overall market conditions.

Credit score: Higher credit scores typically means a lower interest rate because they predict you’re more likely to pay back your mortgage.

Debt-to-income ratio (DTI): A lower DTI shows you have less debt compared to your income, which can help you qualify for a lower rate.

Market conditions: The Federal Reserve, inflation and trends in the housing market all influence mortgage rates.

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