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Today's 30 Year fixed purchase rate
5.68% APR
0.11% 1 day change
1.04% 90 day change
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Accurate as ofMay 28th 2022

Best Mortgage Lenders 2022

Mortgage rate comparison made simple

These handpicked lenders can turn your dream home into a reality, with low
mortgage rates and good service. Take the deed into your hands, today.

Which mortgage lender is right for you?

Credit Score
  • Excellent (720-850)
  • Good (690-719)
  • Fair (630-689)
  • Poor (350-629)
Loan Amount
  • Up to $100K
  • $100K-$250K
  • $250K-$400K
  • $400K and up
Closing soon?
  • As soon as possible
  • Within a few months
  • Just looking around
Sorry! There are no offers that match your criteria.Please try another search.

71,653 users

picked a lender via BestMoney this week

BestMoney Total Score

Our product scores consist of a combination of the following 3 components:

TrustPilot Score

Trustpilot is a trusted third-party consumer review website open to anyone looking to share a business review. The BestMoney Total Score will consist of the brand’s score on TrustPilot. If a brand does not have a TrustPilot score, the BestMoney Total Score will be based solely on the Click Trend Score and Products & Services Score (read below).

Click Trend

BestMoney measures user engagement based on the number of clicks each listed brand received in the past 7 days. The number of clicks to each brand will be measured against other brands listed in the same query. Therefore, the higher the share of clicks a brand receives in any specific query, the higher the Click Trend Score. BestMoney accepts advertising compensation from companies, which impacts their (and/or their products’) position, and in some cases, may also affect their Click Trend Score.

Products & Features

BestMoney’s editorial team researches and reviews financial products based on factors such as: range of products and services offered, ease-of-use, online accessibility, customer service, special awards, and more. Each brand is then given a score based on the offerings in each parameter. The specific parameters which we use to evaluate the score of each product can be found on its review page, which is updated every 3 months. If the editorial team cannot locate information relevant to a brand's Products & Services Score, it will not be included in its calculation.

Editorial Reviews

Quicken Loans

Quicken Loans

Read review
AmeriSave Mortgage

AmeriSave Mortgage

Read review
CapCenter

CapCenter

Read review
New American Funding

New American Funding

Read review
Veterans United Home Loans

Veterans United Home Loans

Read review
Read all reviews

Our Top Choice

Refinancing your Mortgage?
These are the top 3 choices:
Most Popular on This Website
AmeriSave Mortgage
NMLS #1168
AmeriSave Mortgage
Get a customized rate quote in 3 minutes
Rates as low as: 4.224% APRNMLS #1168. Rates Effective 05/27/2022. See site for details.
  • No SSN needed for pre-qualification
  • Pre-qualify without a hard credit pull
  • Low refinance rates
  • Find a quote easily
Quicken Loans
NMLS #3030
Quicken Loans
America's largest online mortgage lender
  • Get a Verified Approval Letter (VAL)
  • Flexible payment available
  • Borrow up to $2 million
  • Wide range of loan options
New American Funding
NMLS #6606
New American Funding
Direct lender, variety of loan products
  • 100% online refinance application
  • A+ BBB rating, 210K+ positive reviews
  • Competitive refi rates, fast service
  • Benefit from bilingual customer support

Current Mortgage Loan Rates May 2022

Mortgage typeToday's Average RateYesterday's Average Rate3 Months Ago1 Year Ago
Refinance- 30-year fixed5.168%5.076%4.163%3.243%
Refinance- 15-year fixed4.318%4.301%3.311%2.488%
Purchase- 30-year fixed5.685%5.573%4.64%3.215%
Purchase- 15-year fixed4.598%4.446%3.349%2.422%

What is a mortgage rate?

A mortgage rate is the annual interest that a homeowner owes on their total mortgage loan balance. Put simply, it reflects how much the borrower pays to take out their mortgage loan. 

A mortgage is a loan that is secured by property that is being purchased. In the event the borrower can’t repay the mortgage, the lender can use the underlying property to try and recoup the remaining balance on the mortgage. 

Buying a home is generally the largest purchase that most people make. Understanding mortgage loans is critical. Getting the right mortgage for your situation can significantly impact your overall financial situation and can help you make the home of your dreams an affordable reality.

Today's Current Mortgage Interest Rates

While mortgage lenders’ requirements have grown significantly stricter in recent years, the COVID-19 pandemic has led to extremely low-interest rates on mortgages. Even a fraction of a percentage point can lead to thousands or tens of thousands of dollars in savings over the term of a mortgage.


Mortgage rates can vary widely depending on various criteria, such as your credit history and the value of your new home, along with market conditions.

Buying a House in 2022

Even under normal conditions, buying a house presents challenges of one sort of another for buyers. Buying a house in 2022 comes with a number of challenges.

One factor has been a dwindling supply of homes in some parts of the country. This stems from a combination of some sellers taking their home off the market and increased demand for homes in many areas. In some cases, sellers may have decided that this isn’t a good time to move, or perhaps they’ve encountered a financial situation that has led to this decision. Due to the pandemic, many families have decided to move out of congested urban areas and into suburban areas. In many cases, the lower supply and increased demand have resulted in higher prices and stiff competition.

Mortgage Interest Rates & COVID-19

The economic fallout from COVID-19 has impacted the mortgage market in the form of stricter requirements from many lenders. Perhaps having learned from the financial crisis of 2008, many lenders have tightened their lending standards. 

These more stringent requirements vary by lender, but some examples are:

  • Some lenders have raised their minimum credit scores in general, or at least require to qualify for more preferential interest rates and mortgage terms. 
  • Some lenders have increased the down payment amount required to qualify for a loan.
  • In some cases, mortgages that had previously been pre-approved are subject to a re-verification process prior to the finalization of the loan.
  • Even government-backed loans through the FHA and VA have been impacted by some lenders’ stricter minimum requirements to obtain these loans. 

The bottom line for home buyers is that these tougher requirements may require more shopping to obtain an affordable mortgage. 

How to Choose the Right Mortgage Lender

Choosing the right lender takes a fair amount of research and requires a thorough review of your situation before you even start your search. For example, if you are a first-time buyer, some lenders might be better than others for your situation. Other factors that can help determine the right lender for your situation might include: