Borrowers with 700 credit scores were quoted an average rate of 3.628% to secure a 30-year fixed-rate purchase mortgage on Monday, according to Money’s survey of over 8,000 lenders across the United States. At this credit score, roughly the national average, the rate for a 30-year refinance was 4.488%. Our rates include discount points and are for borrowers putting 20% down.

© Provided by Money.com Mortgage-Rate-Sept-22

30-year fixed-rate purchase mortgage

3.628%

Rate of September 21, 2020

© Provided by Money.com

Borrowers in Michigan were quoted the lowest mortgage rates on Monday—at 3.421%. Those in Rhode Island saw the highest average rate at 3.836%. Nationwide, borrowers with the highest credit scores, 740 and above, were quoted rates averaging 3.142%, while those with credit of 640

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