Current interest rates

Benchmark rates as of July 9, 2026, updated weekly. Rates shown are national averages or top-tier figures from primary sources — your actual rate will vary based on credit score, loan-to-value ratio, term, and the specific lender or bank. Use the rates below as a starting point, then plug your actual quote into the relevant calculator.

This page is a quick-reference hub for mortgage, savings, CD, Treasury, and federal funds benchmarks. Bookmark it if you compare offers often: when rates move, the tables here are updated from the same sourced constants that feed related calculators, so the figures stay consistent across the site. The goal is not to replace a lender rate sheet or bank APY page — it is to give you a sober baseline before you negotiate, refinance, or move cash.

Mortgage rates^[1]

From Freddie Mac's Primary Mortgage Market Survey, published weekly. These are for conforming loans to qualified borrowers with strong credit. They are national averages, not a quote you can lock — local lenders may price above or below depending on points, credit overlays, and capacity. PMMS averages usually reflect loans that closed recently, so they can lag the rate a lender will lock for you today by a few days.

The spread between 30- and 15-year rates (0.67%) represents the cost of a longer payoff timeline. The 5/1 ARM initial rate is lower but adjusts after five years — use it only if you expect to sell or refinance before the fixed period ends. A small rate difference compounds into a large payment gap on a long amortization schedule, so compare quotes on the same loan amount, term, and points before deciding.

• Calculate your monthly mortgage payment →
• See if refinancing breaks even →
• Estimate how much house you can afford →

Fixed vs. ARM: reading the mortgage table

A lower ARM teaser rate is not automatically a better deal. After the fixed period, the rate resets with an index plus a margin, subject to periodic and lifetime caps. If you plan to keep the loan past the reset window, model a stressed payment — not just the initial payment — so a rate rise does not break your budget. If you expect to move or refinance within a few years, the ARM's early savings can still be rational when the reset risk is small.

Fixed-rate quotes also hide trade-offs. Paying discount points lowers the note rate but raises cash needed at closing; lender credits do the opposite. Always compare APR and total cash to close alongside the headline rate, and use the same loan amount and term when shopping. Jumbo, FHA, VA, and portfolio loans often sit outside the conforming PMMS averages — treat those quotes as a separate product family.

For a deeper walkthrough of refinance timing and break-even math, see when to refinance a mortgage.

Savings and CD rates^[2]

National average rates from FDIC monthly survey; top-tier rates from FDIC-insured online banks. National averages pull in brick-and-mortar accounts that still pay near zero — competitive online products sit much closer to the top-tier column.

The gap between the national average savings rate (0.59%) and top-tier HYSA rates (4.50%) is meaningful on large balances. On $50,000 that difference is roughly $1,955 per year in lost interest. CDs lock a rate for the term in exchange for early-withdrawal risk; HYSAs stay liquid but can reprice whenever the bank changes APY.

• Project HYSA growth →
• Compare CD vs. HYSA →
• Calculate CD maturity value →

Parking cash: HYSA, CD, or T-bill

Choose the product that matches when you need the money — not only the highest advertised yield. An emergency fund that must be available tomorrow belongs in a liquid HYSA (or money market) even if a CD or T-bill pays a bit more. Money you will not need for 6–12 months can often justify a CD or short T-bill ladder if the early-withdrawal risk is acceptable.

Compare after-tax yields carefully. Treasury interest is exempt from state income tax, which can flip a close race in high-tax states. CDs and HYSAs are generally fully taxable at the federal and state level. Confirm FDIC (or NCUA) coverage limits if balances are large, and remember that a higher APY with a long promotional teaser or high minimum balance may not beat a simpler top-tier HYSA once conditions expire.

Auto and personal loan APRs are not shown here — those products are priced on credit risk and term far more than on Treasury benchmarks. Use the auto loan calculator or personal loan calculator with the APR on your offer rather than trying to infer a “fair” consumer-loan rate from this page.

Treasury and T-bill rates^[3]

From the U.S. Treasury daily yield curve. T-bill rates are secondary market yields; the 10-year note is the benchmark for long-term interest rates and often leads mortgage pricing by a few days to a few weeks.

T-bills compete directly with money market accounts and short-term CDs. At 4.28%, a 13-week T-bill currently yields below the top-tier 1-year CD rate of 4.85%. T-bill interest is exempt from state income tax, which improves the after-tax yield for residents of high-tax states. Auction purchases and secondary-market holdings both settle through TreasuryDirect or a brokerage; choose the maturity that matches when you will need the cash.

• Calculate T-bill and I Bond yield →

Federal funds rate^[4]

The Federal Reserve's current target range for the federal funds rate is 4.25% – 4.50%. This is the overnight lending rate between banks — not a rate consumers get directly — but it anchors short-term rates across savings accounts, money market funds, and variable-rate loans. The Fed meets roughly eight times per year; rate changes are announced at each FOMC meeting.

When the funds rate rises, banks typically lift HYSA and money-market yields with a lag; when it falls, those yields often reprice faster than long-term mortgages. Watching the target range alongside the 10-year Treasury helps separate Fed-driven short-rate moves from broader bond-market pricing that feeds 15- and 30-year mortgage averages.

Do not treat a single FOMC decision as a refinance green light by itself. Mortgage rates can move on inflation prints, payroll data, and Treasury supply even when the funds rate is unchanged. Use the funds range as context for cash yields, and use the 10-year plus your personal break-even for mortgage decisions.

How to use these rates

Evaluating a mortgage offer. If your lender quotes more than about 0.5% above the benchmark for the same product, ask why — credit score, loan-to-value ratio, points, or non-conforming loan features are common explanations. Use the mortgage payment calculator to see the monthly cost difference between the published average and the rate you were quoted on the same principal and term.

Deciding where to park cash. Compare HYSA top-tier rates to T-bill yields and CD rates for the same horizon. Factor in state tax exemption for Treasuries, early-withdrawal penalties on CDs, and the fact that HYSA APYs can change without notice. For a longer emergency fund, a mix of liquid HYSA balance and a short CD or T-bill ladder often beats leaving everything in a low-yield checking account.

Timing a refinance.The 10-year Treasury yield tends to move before mortgage rates follow. Watching both gives a directional signal: a sustained drop in the 10-year often precedes softer 30-year fixed averages, while a sharp rise can warn that today's quote may not last. Pair that view with the refinance break-even calculator so you know the rate cut you need to cover closing costs.

Reading spreads, not headlines. A “rates are high” story is less useful than the gap between your quote and the PMMS average, or between a big-bank savings APY and the top-tier HYSA column. Those spreads are actionable: they tell you whether shopping harder is likely to pay for the time spent.

Sources and update cadence

Mortgage rates come from Freddie Mac's Primary Mortgage Market Survey (PMMS), published every Thursday^[1]. Savings and CD national averages come from the FDIC National Rates and Rate Caps survey, published monthly^[2]. Treasury yields are from the U.S. Treasury Resource Center daily yield curve^[3]. The federal funds target range is set by the Federal Reserve^[4].

This page is updated weekly. Last updated: July 9, 2026. Top-tier HYSA and CD figures are representative competitive offers from FDIC-insured online banks and may move between survey dates; always confirm the live APY before opening an account. Benchmarks here are for education and planning — they are not lockable quotes or product endorsements.