Today's Mortgage Rates | Redfin
Compare current and historical mortgage rates to buy a new home or refinance your existing mortgage loan. Save money by comparing multiple lenders’ rates for free at Redfin.
www.redfin.comHere are the latest mortgage rate snapshots you can use as of today, with a quick summary for easy planning. Note: rates are always changing, and local quotes depend on credit, down payment, loan type, and ZIP code (you’re in Buffalo, NY).
- 30-year fixed: roughly in the mid-6% range (about 6.1%–6.3% depending on lender and points) [sources: multiple national rate aggregators and lender pages cited below].
- 15-year fixed: typically around the mid-5% range (about 5.6%–5.8%) [sources: same sources].
- 30-year FHA/VA: generally a bit higher than conventional bases, often in the low-to-mid 6% range for FHA and around 6.4%–6.5% for VA depending on program specifics [sources: cited pages].
- Jumbo loans: usually a touch higher than standard conforming 30-year rates, often 6.25%–6.75% depending on loan size and lender.
Helpful local steps for Buffalo, NY
- Get personalized quotes: rates shown publicly are national averages; your actual rate will depend on your credit score, down payment, loan-to-value, and property type. Start by checking with 2–3 local lenders and a couple of national lenders to compare.
What to ask lenders
- What is the current par rate vs. with points? How much do points cost, and how many do I need to buy down the rate to break even?
- What are the overall costs (Origination, title, appraisal, MI if applicable)?
- Are there any discounts for locking in today vs. floating?
Would you like me to pull up live, local-Buffalo rate quotes from multiple lenders or tailor a rate-hold scenario (purchase vs. refinance) based on your credit score, down payment, and target loan amount? If you share those details, I can help estimate monthly payments and break-even points.
Cited rate context (for orientation and current market mood)
- General 30-year fixed rates are commonly cited around 6%+ nationally, with variations by lender and borrower factors.[1][3][4]
- 15-year fixed rates tend to sit lower, often around 5–6% depending on borrower qualifications.[4]
- FHA/VA and jumbo segments show typical variance in the 6% area or higher, influenced by loan type and loan-to-value.[3][1][4]
- National rate boards and daily index trackers provide the latest shifts and week-to-week changes.[7][4]