Mortgage rates move every business day, and sometimes more than once in the same day. The table below is today’s national average snapshot; the live dashboard further down tracks where rates are right now, alongside the bond market movement that actually drives them.
The rate you see published anywhere is not the rate you will be quoted. Your pricing depends on your credit score, loan amount, down payment, property type, occupancy and loan program. Two people looking at the same advertised rate on the same morning can be quoted very different numbers.
That is why I run one application across more than 30 lenders instead of handing you a single rate sheet. Already holding a Loan Estimate? Get a free LE Review
National average rate movement from the Mortgage News Daily Rate Index — updated each business day.
| Loan Program | Average Rate | Day | Week | Month |
|---|
Index last updated . Green indicates rates moved lower; red indicates rates moved higher.
Rate movement by loan type, MBS pricing, the 10-year Treasury and Fed policy odds — updated through the trading day.
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About these numbers. The rates above are the Mortgage News Daily (MND) Rate Index — a national average index built from actual lender rate sheets. MND states that its index “is not a commitment to lend, nor an advertisement for any loan program. It is a piece of economic data similar to weekly mortgage rate surveys.” The figures are not a quote, a rate lock, or an offer of credit from PBT Bancorp, and they are not the rate you will be charged.
MND’s stated assumptions. The index reflects a “top tier” baseline scenario — conventional, conforming, 75% loan-to-value, 780 FICO, with no other agency loan-level price adjustments. MND applies a proprietary methodology to adjust for points, so the published figure is an effective rate that already accounts for the prevalence of upfront points rather than a note rate quoted alongside separate points. MND notes that lenders may therefore be quoting a lower note rate with points while the index sits higher. Loss-leader quotes and lenders well outside the market on the high side are disregarded, and originator compensation is not a factor in the index.
Why no APR or fees are shown. MND does not publish an APR for these averages, stating: “We do not include APR because we are not a mortgage lender. These are national average indices — a piece of economic data and not an advertisement for a loan program, nor a commitment to lend. APR compliance pertains to rates/programs advertised by a mortgage lender. There is no possible way for us to generate an APR even if we wanted to.” Because no points, fees, or APR figures accompany the index, none are shown here rather than estimated.
Best use of this data. Per MND, “the best use of this index is to track the CHANGE from day to day.” The same baseline scenario is used year after year, so the movement is a reliable signal even though the absolute level will differ from any individual quote.
Your actual terms. Your interest rate, points, fees and APR depend on your credit profile, loan amount, loan-to-value, occupancy, property type, loan program, lock period and other factors, and will be disclosed to you on a Loan Estimate. Rates change daily and are subject to change without notice. All loans are subject to credit review and property approval. This is not a commitment to lend. Mortgage products are originated by PBT Bancorp, NMLS #257781.
Source: Mortgage News Daily Rate Index, mortgagenewsdaily.com/mortgage-rates/mnd
Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781
524 Main St, Hazard, KY 41701
