30-Year Fixed Mortgage Rates

Finding the best 30-year fixed mortgage rates for your next home loan can help you to save thousands of dollars over the course of your term. Your interest rate will determine how much you will pay each month and the amount of interest you’ll pay over the life of the loan, so minimizing your interest rate means you can maximize your savings.

To help you find the best home loan for your situation, it’s important to do your research and weigh lenders that not only offer competitive 30-year mortgage rates but other benefits like fees, service quality and online accessibility to enhance your borrowing experience.

The best 30-year mortgage rates

Lender Interest Rate Minimum Down Payment Lender Fees
WaterMark Home Loans 3.50% 3% Origination fees
Better Mortgage Corporation 3.625% 3% No fees
SoFi 3.75% 10% No fees
Reali Loans 3.75% 5% No fees
Chase 3.99% 3% Origination fees

*The interest rates are based on a 30-year fixed mortgage for a $300,000 single-family primary residence home with a $60,000 down payment for a borrower with a good to excellent credit score.

The 5 Best 30-year fixed mortgage rates

WaterMark Home Loans

Based in California, WaterMark Home Loans is a national lender that not only survived the financial crisis but expanded its services between 2006 and 2008. It provides a full lineup of loan products, from conventional loans to those backed by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). WaterMark offers a low starting interest rate of 3.50% on 30-year fixed rate mortgages. It also offers a no obligation quote, rate locks that range from 15 to 60 days and the chance to secure a lower interest rate should one become available.

Better Mortgage Corporation

Priding itself on using technology to clarify the loan application process, Better Mortgage offers a sleek and fast digital mortgage service that promises a transparent experience. It boasts a “support not sales” belief backed up by a zero commission policy for its loan officers, ensuring they are looking out for your best interests. With a focus on user friendliness, no origination fees, down payments as low as 3% and a 3.625% starting interest rate, Better Mortgage is a good option for buyers who prioritize low rates along with a focus on honest, clear-cut service.


As one of the pioneers of the online first mortgage lending industry, Sofi focuses on providing its clients with flexibility and convenience. Abbreviated from “Social Finance,” SoFi takes a non-traditional approach to its loan approval process. It looks at a broader picture, considering an applicant’s professional and bill payment history when determining if they are approved and what rates they can get. It offers a competitive 30-year fixed mortgage rate that starts at 3.75% and has a 100% online application to enable a quick and hassle-free application.

Reali Loans

In addition to having competitive interest rates that start at 3.75%, Reali Loans cuts out what the industry dubs “junk fees.” Known as Lenda prior to its 2019 rebrand, the company utilizes a flat-fee model to help its clients avoid broker and origination charges. True to that promise, Reali also provides a robust explanation and guide for fees out of its control, such as pest inspection bills or homeowners association fees, on its website. This is a great option for those who live in the service area and want to keep their overall mortgage costs down — and who doesn’t want to do that?

Reali’s loan service is currently available in a few states (Arizona, California, Colorado, Florida, Georgia, Illinois, Michigan, Oregon, Pennsylvania, Texas, Virginia and Washington).


Chase provides homebuyers with a large array of purchase options, including a 30-year fixed mortgage with interest rates as low as 3.99%. As an applicant, you can submit your loan documents online using the convenient platform, or if you prefer in person service, you can speak to a Chase representative either on the phone or at a local branch. This is a great option for people who want the option of interacting with their loan provider online or in person without sacrificing a competitive interest rate.

What is a 30-year fixed mortgage rate?

When looking to finance the purchase of a new home, many home buyers opt for a 30-year fixed rate mortgage. It’s a loan with a 30-year term and fixed interest rate so payments remain the same throughout the entire life of the loan. These types of mortgages provide predictability because buyers know what their mortgage payment will be each month, which will remain the same over three decades. The 30-year term offers homeowners lower monthly payment amounts than the other popular mortgage term of 15 years, as the loan amount is spread out over a longer repayment period.

A 30-year fixed mortgage rate often starts out at a higher interest rate than the adjustable rate alternatives. Fixed rates never change over the life of the loan while adjustable rates do, often resulting in a fixed-rate loan costing less when comparing the two in the long run. The term of 30 years is also popular because even though it costs the homebuyer much more in interest than the 15-year term, the monthly payments are cheaper, which make homeownership possible.

How should I choose the right 30-year mortgage rate?

Choosing the right 30-year mortgage rate comes down to thoroughly comparing your options and finding the best one for you. It’s not just about finding the lowest rate — although the rate is important — but finding the mortgage lender that will give you the best overall value. Compare mortgage lenders to see which one offers the best combination of low costs, interest and fees, along with great service, flexibility and convenience. Advertised rates aren’t always the rates you will get, as your rate will depend on your creditworthiness and financial picture. You should also check out the reviews and policies of potential lenders to see what they offer and how happy past clients are with their services.

The bottom line

A 30-year fixed-rate mortgage is a popular loan option for home purchases. You can find the best mortgage rates if you shop around and apply with reputable lenders. While it’s true that lower rates are ideal, you’ll also want to consider other factors, like the cost of fees and the quality of service. If you have to deal with headaches from a lender on a monthly basis, it can negate the savings from a slightly lower rate. If a lender charges high fees to compensate for a low interest rate, you won’t end up saving overall. Do your due diligence to look for the overall package and you can sign your loan documents with confidence, knowing you found the best 30-year fixed mortgage available to you on the market.

Jessica Walrack
Jessica Walrack
Contributing Writer

Jessica Walrack is a personal finance writer at SuperMoney, Interest.com, The Simple Dollar, and PersonalLoans.org. She specializes in taking personal finance topics like loans, credit cards, and budgeting, and making them accessible and somewhat fun.

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