Mortgage rate trends (APR)
NerdWallet’s mortgage rate insight
6.872%
30-year fixed-rate“
On Friday, April 18, 2025, the average APR on a 30-year fixed-rate mortgage remained at 6.872%. The average APR on a 15-year fixed-rate mortgage rose 3 basis points to 6.033% and the average APR for a 5-year adjustable-rate mortgage (ARM) rose 5 basis points to 7.180%, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 26 basis points lower than one week ago and 34 basis points lower than one year ago.
A basis point is one one-hundredth of one percent. Rates are expressed as annual percentage rate, or APR.
Why do you want a home loan?
Showing: Purchase, Good (720-739), 30-year fixed, Single family home, Primary residence.
Better: NMLS#330511
Lowest APR
Lowest monthly payment
Great for digital convenience
Conventional 30-year fixed
APR
6.538%
Interest rate
6.375%
Mo. payment
$2,496
Insurance $0
Total fees
$6,728
- About this lenderPros
- Borrowers can apply, lock in a rate and receive a commitment letter within one day.
- Offers both HELOCs and home equity loans with a high borrowing limit of 90% CLTV.
- Offers mortgages for manufactured homes, as well as financing for self-employed borrowers.
Cons- No mobile app; customer service is by email or phone only.
- Borrower must provide contact information to see customized rates.
- Does not offer renovation or construction loans.
Farmers Bank of Kansas City: NMLS#613839
Great for Rate transparency
Conventional 30-year fixed
4.5
NerdWallet rating
APR
6.686%
Interest rate
6.5%
Mo. payment
$2,529
Insurance $0
Total fees
$7,631
- About this lenderPros
- Displays customized rates, with fee estimates, without requiring contact information.
- Offers home equity loans and lines of credit.
- Mortgage origination fees are on the low side compared to other lenders, according to the latest federal data.
Cons- Doesn’t offer government-backed FHA or USDA loans, or adjustable-rate mortgages.
- Home renovation loans are not available.
- Mortgage rates are on the high side compared to other lenders, according to the latest federal data.
EXPLORE QUOTENext Door Lending is a wholly-owned subsidiary of NerdWallet
Next Door Lending is a wholly-owned subsidiary of NerdWallet
Next Door Lending LLC: NMLS#1880338Conventional 30-year fixed
APR
6.772%
Interest rate
6.625%
Mo. payment
$2,562
Insurance $0
Total fees
$6,000
- About this lenderPros
- Offers unique loan types, including construction loans, first-time home buyer programs with down payment assistance and loans for self-employed borrowers.
- Real-time rate quotes available while working with a broker.
- Responsive customer service; loan disclosures available within an hour after completing your application.
- Competitive pricing often available, especially for non-traditional borrowers.
Cons- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
EXPLORE QUOTEon New American Funding
on New American Funding
New American Funding: NMLS#6606
Great for first-time home buyers | customer service
Conventional 30-year fixedAPR
6.915%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$1,629
- About this lenderPros
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
Cons- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
EXPLORE QUOTEon NBKC
on NBKC
NBKC: NMLS#409631
Great for first-time home buyers | digital convenience | customer service
Conventional 30-year fixedAPR
6.919%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$1,787
- About this lenderPros
- Mortgage rates are on the low side compared to other lenders, according to the latest federal data.
- VA loans represent more than a quarter of purchase volume, a larger share than many lenders NerdWallet reviews.
- Offers a variety of loan types for purchase and refinance, including fixed- and adjustable-rate loans and government options
Cons- HELOCs and no-down-payment loans are available only in the Kansas City metro area.
- Mobile app focuses on online banking, not mortgages.
- You’ll need to share contact information to see customized mortgage rates.
Central Bank: NMLS#407985Conventional 30-year fixed
4.0
NerdWallet rating
APR
6.99%
Interest rate
6.99%
Mo. payment
$2,659
Insurance $0
Total fees
$0
- About this lenderPros
- Among the best when it comes to online convenience.
- Offers a full selection of mortgage types and products, including jumbo, home equity, and government loans.
- Claims to offer preapproval within 24 hours of loan application.
Cons- You'll have to complete a loan application to see mortgage interest rates.
- Bank branch locations limited to the Midwest.
- Does not offer home equity lines of credit.
EXPLORE QUOTEon Simplist
on Simplist
Simplist: NMLS#1764611Conventional 30-year fixed
4.5
NerdWallet rating
APR
7.017%
Interest rate
6.875%
Mo. payment
$2,628
Insurance $0
Total fees
$5,712
- About this lenderPros
- Loan origination process can be completed online.
- Offers government-backed FHA and VA loans.
- Offers module that compares mortgage rates among other lenders.
Cons- Offers loans in many states and Washington, D.C., but not nationwide.
- Does not offer home equity loans or lines of credit.
EXPLORE QUOTEon HSBC Bank
on HSBC Bank
HSBC Bank: NMLS#399799Conventional 30-year fixed
5.0
NerdWallet rating
APR
7.151%
Interest rate
7.125%
Mo. payment
$2,695
Insurance $0
Total fees
$1,047
- About this lenderPros
- Offers an online application and loan process updates.
- Offers mortgages for investment properties.
- Makes it easy to browse current rates and get a customized mortgage rate quote.
Cons- Does not offer FHA or VA government-backed loans.
- No renovation mortgage options.
EXPLORE QUOTEon FourLeaf Federal Credit Union
on FourLeaf Federal Credit Union
FourLeaf Federal Credit Union: NMLS#449104Conventional 30-year fixed
APR
7.414%
Interest rate
7.375%
Mo. payment
$2,763
Insurance $0
Total fees
$1,520
- About this lenderPros
- Specialty loans include financing for co-ops and nonwarrantable condos.
- Offers conventional loans for manufactured homes.
- Highly rated mobile app.
Cons- Interest rates are on the high side, according to the latest federal data.
- Doesn’t offer renovation, construction or USDA loans.
- Can’t get a preapproval online.