Home RatesMortgage Rates

-7bps this week

Mortgage Rate Trends

Follow 30-year mortgage rate movement, rate-lock context, and the monthly payment impact of small APR changes.

Average 30-year fixed

6.72%

Benchmark average

6.90%

User opportunity

7 bps can matter on large balances

Historical archive

Mortgage Rates over time

-7bps this week

Aug 7

7.28%

Aug 8

7.23%

Aug 9

7.35%

What changed

Mortgage Rates moved down by 7 basis points this week.

Why it matters

Should I lock, wait, or compare lenders?

What to do next

Run payment scenarios and compare lender quotes before you lock.

How we track this rateShow

SourceSwitchWize Rate Scout (Bankrate), updated daily

Method30-year fixed mortgage rate sourced from SwitchWize Rate Scout daily scrape of Bankrate lender quotes. Rate assumes good credit (700+ FICO) and 20% down payment. Individual quotes vary by lender, credit score, and loan size.

Verified existing coverage

Use what SwitchWize already has

6 links

GuideBest Mortgage Rates: Compare Lenders and Save ThousandsCompare the best mortgage rates 2026 from top lenders. See live rates, dollar-impact examples, and step-by-step tips to lock in the lowest APR for your home.GuideThe Homeowner's Money Playbook: Everything After You Buy (2026)Every guide tells you how to buy a house. Almost none tells you how to run one. Closing is the start of a 30-year financial contract that is mostly interest in the early years, and the owners who pay attention win back thousands: refinancing past break-even, killing PMI, reshopping insurance, appealing property taxes, and getting the payoff-versus-invest call right.GuideWhat a Fed Rate Hike Would Do to Your Money inFor two years the debate was about cuts. Now the Fed's own projections have turned hawkish, with several officials penciling in a hike. Here is exactly what a rate increase would do to your savings, credit cards, and mortgage, and what to do before it lands.Guide5/1 ARM vs 7/1 ARM: Which Adjustable-Rate Term Wins in?5/1 ARM vs 7/1 ARM compared on fixed period, rate risk, and who each term actually fits. See which adjustable-rate mortgage matches your timeline.CalculatorMortgage CalculatorEstimate a fixed-rate mortgage payment and model how an entered extra principal payment changes payoff time and interest.ComparisonProduct comparisonExisting SwitchWize comparison page connected to this rate.

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Benchmark

10-Year Treasury

-6bps this week

4.15%

10-year Treasury yield

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8.20% APR

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Personal Loans

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7.49% APR

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