vs 1 Month Ago
+0.12 pts
Up from 6.66% on Apr 17. About $32/mo more on a $400K loan.
Today's 30-Year Fixed Mortgage Rate
U.S. Weekly Average
6.78
%
+0.06 pts
vs. last Thursday (6.72%)
Past 12 months
Range 6.32 – 7.05
vs Last Month
+0.12
vs Last Year
-0.27
5-Yr Avg
5.21%
Rates ticked up six basis points this week but remain twenty-seven basis points below where they sat a year ago. For a $400,000 loan, today's 6.78% means about $2,602/mo in principal and interest — roughly $72 lower than May 2025.
Historical trend
Weekly Freddie Mac PMMS averages. Hover for exact values.
Source: FRED · MORTGAGE30US — Freddie Mac Primary Mortgage Market Survey.
The long view: since 1981
Forty-five years of weekly 30-year rates — context for today.
Peak 18.63% · Oct 9, 1981
Trough 2.65% · Jan 7, 2021
Today 6.78% · May 14, 2026
How today stacks up
Today's 6.78% in plain context.
vs 1 Year Ago
−0.27 pts
Down from 7.05% on May 16, 2025. About $72/mo cheaper.
5-Year Average
5.21%
Pulled higher by 2022–24. Today is 1.57 pts above the 5-yr mean.
All-Time High
18.63%
Oct 9, 1981 — Volcker Fed inflation fight. Today is 2.7× lower.
Your monthly payment at 6.78%
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6.78% today
Monthly P&I
$0
Principal + interest only
Loan amount
$0
Total interest
$0
Total paid
$0
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OpenAbout the 30-Year Fixed Mortgage Rate
The 30-year fixed mortgage rate is the single most-watched number in U.S. consumer finance. It's the headline rate you see in news stories about "rates today," and it shapes the monthly payment on roughly two out of every three U.S. home loans. Freddie Mac publishes the Primary Mortgage Market Survey (PMMS) every Thursday — a snapshot of what about 80 lenders are quoting on a conventional, conforming, 20%-down loan to a strong-credit borrower with no discount points.
What moves the 30-year rate
Despite popular belief, the Fed funds rate doesn't drive 30-year mortgages directly. The 30-year is priced off the 10-year Treasury yield plus a spread for credit risk, servicing, and prepayment risk (typically 150–250 basis points above the 10-year). That's why mortgage rates often move when there's no Fed meeting — they're tracking the bond market's view of long-term inflation and growth. The spread itself widens during stress (e.g., 2008, March 2020, late 2022) and tightens in calm markets.
Reading this chart
The current cycle peaked at 7.79% in October 2023 after the steepest Fed-tightening sequence since 1981. The previous cycle bottomed at 2.65% in January 2021, the lowest published rate in Freddie Mac history. The all-time high — 18.63% in October 1981 — sits on the long-view chart above as a reminder of what a true inflation crisis looks like, and how far today's rates still are from that ceiling. The 50-year average is around 7.7%, which means today's "high" rates are roughly in line with the long-run norm; it was the 2020–21 period that was the historical outlier.
Related trackers
Other live numbers that move with — or against — this one.
Frequently asked
What this number means, and what it doesn't.
Freddie Mac publishes the PMMS every Thursday around 12:00 PM ET. Our cron pulls the new rate within an hour. Historical values are never revised.
Probably not exactly. PMMS averages what about 80 lenders quote for a 20%-down conventional conforming loan with no points to strong-credit borrowers. Your offer depends on credit score, down payment, loan size, location, and whether you buy discount points. Treat this number as a benchmark, not a quote.
30-year mortgages are priced off the 10-year Treasury plus a risk-and-servicing spread, not the Fed's overnight rate. The 10-year reflects long-term inflation and growth expectations; Fed funds reflects short-term policy. They usually move together but not always at the same pace.
One basis point (bp) is 0.01%. A move from 6.72% to 6.78% is 6 basis points. Mortgage and bond pricing is quoted in bps to avoid decimal confusion.
Yes — click Alert me in the hero and set a target (e.g., "notify me when 30-year drops below 6.00%"). We email you the moment the next weekly release crosses your threshold. Free for everyone.
Methodology
Source
Pulled from FRED · MORTGAGE30US and cached on the EvvyTools server.
Update schedule
Refreshed automatically by our cron whenever the upstream source publishes a new value. Historical values are not revised after publication.
How we compute
Display value is the raw published number, unrounded. Comparison stats use the closest available reference date. We never edit the underlying data.