Current Mortgage Rates
for Physicians
The national average rates lenders benchmark against, from Freddie Mac’s weekly survey, and what that means for a physician loan.
Where rates have been
Weekly national averages. Hover or tap for any week; switch the range on the right.
Source: Freddie Mac Primary Mortgage Market Survey, via FRED (Federal Reserve Bank of St. Louis). Not endorsed by the St. Louis Fed.
What this means for a physician mortgage
Physician (doctor) loans are usually priced 0.125% to 0.5% above the conventional average in exchange for 0–10% down with no private mortgage insurance and flexible treatment of student loans in your debt-to-income ratio. Where your quote lands in that range depends on the lender, your credit score, the down payment, and whether you take a fixed or adjustable rate.
Rates vary far more from lender to lender than from state to state, so the useful comparison is between lenders, not locations. Get quotes from at least three physician lenders in the same week and compare the annual percentage rate (APR), which includes fees, not the headline rate alone.
About these numbers: The averages above are Freddie Mac’s Primary Mortgage Market Survey, published every Thursday and retrieved from FRED (Federal Reserve Bank of St. Louis). They describe conventional conforming loans for borrowers with strong credit and a 20% down payment, so a physician loan quote will differ. Freddie Mac no longer surveys adjustable-rate mortgages, so we don’t show one.
We update this page each week. It is educational only and not a rate offer; the rate you are offered depends on your credit history, loan amount, down payment, and lender. See where our rates come from.