Guide
Who a 30-year fixed loan fits
A 30-year fixed loan often fits buyers who want a lower monthly payment, predictable budgeting, and the flexibility to prepay principal later.
Updated July 02, 2026
30-Year Fixed Mortgage Rates
The 30-year fixed mortgage is the most common U.S. home loan because it spreads payments across a long term and keeps the rate stable.
Data source: Freddie Mac PMMS. Rates are planning benchmarks, not guaranteed lender offers.
Featured benchmark
6.43%APR 6.58%
Weekly PMMS benchmark for conforming purchase loans
Current rate table
Compare the weekly fixed-rate benchmark with a refinance planning estimate before requesting personalized quotes.
30-Year Fixed
Weekly PMMS benchmark for conforming purchase loans
Rate
6.43%
APR
6.58%
15-Year Fixed
Shorter term with lower lifetime interest
Rate
5.79%
APR
5.94%
Refinance Planning
Planning estimate based on the 30-year benchmark plus lender spread
Rate
6.58%
APR
6.73%
Calculator
30-year fixed payment estimate
Use the current 30-year fixed benchmark to estimate principal and interest.
Estimated monthly principal and interest
$2,259
Loan principal$360,000
Total interest$453,203
Total paid$813,203
Guide
What affects your 30-year quote
Credit score, loan-to-value ratio, property location, loan size, points, and lender overlays can all move your quote above or below the national average.
Frequently asked questions
Is a 30-year fixed mortgage always cheaper monthly?
Usually it has a lower monthly payment than a 15-year fixed loan, but it typically costs more total interest over the life of the loan.
When should I lock a 30-year mortgage rate?
Consider locking once you have a signed purchase contract and a quote that fits your payment target.
Related mortgage tools
Mortgage Rates Today
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15-Year Fixed Mortgage Rates
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Refinance Calculator
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