The rate table at the top of this page provides up-to-date information on the best five-year fixed mortgage rates available today. On Aug 15, 2023, 5.24% was one of the best fixed rates available for a mortgage with a down payment of less than 20%. For a mortgage with a down payment of 20% or more, the most competitive fixed rate was 5.49%. Bear in mind the rate you are offered will depend on the lender, size of your down payment, whether you need mortgage default insurance, and other factors related to your financial situation.