Mortgage rate market trends

What these numbers are, and what they aren't

• They're national averages of actual rate locks made through Optimal Blue's pricing engine, updated nightly with the prior business day's locks, per Optimal Blue's published methodology.
• They aren't adjusted for points or credits. Borrowers who paid to buy their rate down and borrowers who took a higher rate for lender credits are averaged together.
• They aren't a quote from me and they aren't your rate. They don't include APR, closing costs, mortgage insurance, taxes or insurance.
• Use them for direction, not decisions. Whether rates rise, fall or sit still, your plan should work with the payment you can actually lock.