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Current U.S. Interest Rates (2026)

The full Treasury yield curve, the effective federal funds rate, Freddie Mac's weekly 30-year mortgage average, and FDIC savings + CD rates — on one page.

Written by Jere Salmisto·Reviewed by CalcFi Editorial·Last reviewed 2026-04-19·Methodology

Treasury yields[1] come from the U.S. Treasury Daily Par Yield Curve (public-domain, daily close). The effective federal funds rate[2] is FRED series DFF. The 30-year mortgage headline[3]is Freddie Mac's PMMS weekly national average. Deposit rates[4]come from the FDIC's weekly National Deposit Rates publication.

Fed Funds (effective)

4.33%

FRED DFF[2]

10-yr Treasury

4.25%

Daily close[1]

30-yr Mortgage (PMMS)

6.30%

Freddie Mac[3]

12-mo CD (FDIC nat.)

1.52%

Non-jumbo[4]

Treasury Yield Curve

TenorYield (%)Δ vs 10-yr
1 month4.32%[1]+7 bps
3 month4.28%[1]+3 bps
6 month4.20%[1]-5 bps
1 year4.09%[1]-16 bps
2 year3.95%[1]-30 bps
5 year4.02%[1]-23 bps
10 year4.25%[1]—
30 year4.55%[1]+30 bps

2s10s spread: 30 bps. 3mo/10yr spread: -3 bps. At least one part of the curve is inverted — historically a recession signal.

Mortgage and Deposit Rates

SeriesRate (%)SourcePublication
30-yr Fixed Mortgage (PMMS)6.30%[3]Freddie MacWeekly (Thu)
National Savings Rate0.39%[4]FDICWeekly
12-mo CD (non-jumbo)1.52%[4]FDICWeekly

Reading These Rates

Why the Fed Funds Rate Matters

The effective federal funds rate (EFFR) is the weighted-average overnight rate that banks charge each other for reserve balances. The Federal Reserve targets this rate via open-market operations — every move up or down propagates (with lag) to every other U.S. dollar rate, including savings, CDs, variable-rate loans, and mortgages. FRED publishes EFFR daily.

The Yield Curve and Recession Risk

When short-term Treasury yields rise above long-term yields (“inversion”) it's historically preceded every U.S. recession since 1960 by 6–24 months. The 3mo/10yr spread is the Fed's preferred recession-indicator variant; the 2s10s spread is the trader standard. Watch both.

Mortgage Rate ≠ 10-Year Treasury + Fixed Spread

The PMMS 30-year mortgage rate historically runs ~1.7% above the 10-year Treasury yield, but the spread widens materially in high-volatility periods. That spread widening is itself an indicator — when it exceeds 2.5%, mortgage borrowers are paying for MBS duration risk, not just for underlying Treasury moves. Pair this with state home prices when running an affordability check.

Savings Rate Lag

FDIC national deposit rates track far below EFFR — big banks can pay less because their deposits are insured and sticky. Competitive HYSAs often pay 4–5% even when the FDIC national savings cap sits below 0.5%. Always shop rates.

Related Data & Calculators

Home Prices by State

Pair PMMS with ZHVI for affordability

State Economic Snapshot

Unemployment + CPI context

Cost of Living by State

Full real-purchasing-power picture

Energy Prices by State

Household budget context

Mortgage Calculator

Apply PMMS to your loan amount

HYSA Calculator

Model savings-rate return

How we compute this — methodology

This page calls getRatesSnapshot()from CalcFi's data repository. Treasury yields are stored as per-tenor SourcedValue<number> so each row has its own retrievedAt. The id = 1 singleton row is refreshed by the ETL whenever Treasury, FRED, PMMS, or FDIC publish — typically daily for Treasury/Fed funds, weekly for PMMS (Thursday) and FDIC (weekly).

Curve math: the 2s10s and 3mo/10yr spreads shown below the curve table use the values above verbatim, multiplied by 100 to convert percentage points to basis points. A negative spread = inversion.

Known limits: PMMS is a survey of conforming, 20%-down, owner-occupied, 740+ FICO loans. Jumbo or low-down-payment borrowers can pay 0.25–0.75% more. FDIC deposit caps are national weighted averages — shop around for HYSAs and CDs offered by online banks, which routinely pay double the FDIC national average.

Sources

  1. U.S. Department of the Treasury — Daily Treasury Par Yield Curve Rates — Daily yield curve, every tenor 1mo–30yr. home.treasury.gov/policy-issues/financing-the-government/interest-rate-statistics. Retrieved 2026-04-19. License: Public domain (U.S. Treasury).
  2. FRED DFF — Effective Federal Funds Rate (daily) — Federal Reserve effective rate, daily close. fred.stlouisfed.org/series/DFF. Retrieved 2026-04-19.
  3. Freddie Mac Primary Mortgage Market Survey (PMMS) — 30-year fixed weekly national average (Thursday release). www.freddiemac.com/pmms. Retrieved 2026-04-19.
  4. FDIC — National Deposit Rates (non-jumbo) — Weekly national rate for savings and 12-month CD. www.fdic.gov/resources/bankers/national-rates/. Retrieved 2026-04-19. License: Public domain (FDIC).

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