Updated Every Thursday · Freddie Mac PMMS
Historical Mortgage Rates Chart
Weekly 30-year and 15-year fixed mortgage rate averages from Freddie Mac's Primary Mortgage Market Survey — the most widely cited mortgage rate benchmark in the U.S.
As of April 4, 2026
30-Year Fixed
6.46%
-0.25% from last week
15-Year Fixed
5.77%
-0.13% from last week
Past 12 Months
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Rates are national averages for conforming loans with 20% down and 740+ FICO. Updated every Thursday.
Rate context
52-Week Range
5.22% – 7.04%
30-year fixed
Historical average
~7.7%
30-year fixed since 1971
All-time low
2.65%
Week of Jan 7, 2021
The 30-year fixed mortgage rate is the most widely used benchmark for U.S. home purchases. It reflects the cost of borrowing for a conventional loan over 30 years, assuming strong credit (740+ FICO), 20% down payment, and a conforming loan balance. Rates for individual borrowers vary based on credit profile, loan-to-value ratio, property type, and lender.
The 15-year fixed rate is typically 0.5–0.9% lower than the 30-year rate. Borrowers who choose a 15-year loan pay significantly less in total interest over the life of the loan, but have higher monthly payments.
Freddie Mac's Primary Mortgage Market Survey (PMMS) has been the gold standard for tracking weekly mortgage rate movements since 1971. The survey collects data from lenders nationwide each Monday through Wednesday and publishes results every Thursday morning.
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Frequently asked questions
How often is this mortgage rate data updated?
Freddie Mac releases PMMS data every Thursday morning. This chart is updated automatically each Thursday to reflect the latest weekly survey results.
What is the Freddie Mac PMMS?
The Primary Mortgage Market Survey (PMMS) is a weekly survey Freddie Mac has conducted since 1971. It collects rate data from lenders across the U.S. each Monday through Wednesday and publishes national averages every Thursday. It is the most widely cited source for tracking mortgage rate trends.
Are these the rates I'll actually get?
The PMMS rates are national averages for well-qualified borrowers — 740+ FICO score, 20% down payment, conforming loan balance, and primary residence. Your actual rate will vary based on your credit score, down payment amount, loan type, property type, and which lender you choose. Rates can be 0.5% to 1%+ higher for borrowers with lower scores or smaller down payments.
What's the difference between the 30-year and 15-year fixed rate?
The 15-year fixed rate is typically 0.5–0.9% lower than the 30-year rate. The trade-off: your monthly payment is higher on a 15-year loan (same principal, fewer months), but you pay significantly less total interest over the life of the loan. For example, on a $400,000 loan at current rates, a 15-year loan saves roughly $150,000–$200,000 in total interest compared to a 30-year loan.
When will mortgage rates go down?
Mortgage rates are influenced by 10-year Treasury yields, Federal Reserve policy, inflation expectations, and the broader economy. They don't move in lockstep with Fed rate cuts — the 30-year fixed rate is set by bond markets, not the Fed's overnight rate. No one can predict exactly when rates will fall, which is why watching weekly PMMS data over time gives the best picture of the trend.