It’s been a month or so since we last looked at the best mortgage rates here at Peak Personal Finance, so it’s time for us to have another look and bring you up-to-date on the latest and best home mortgage rates today.

So you have a baseline to work from, the current averages are 5.70% annual percentage rate (APR) for a 30-year fixed loan and 4.87% APR for a 4/1 adjustable rate mortgage (ARM).  Those are about 0.2% higher than last week’s averages.

For our numbers here, we’re assuming you have about 20% in down payment and fees funds on hand and have a good credit standing.  So your numbers may be slightly different.  Rates also vary by location, so that may also be a factor.

30 Year Fixed
The best home mortgages right now, or at least the best mortgage rates, are at AimLoan.com with a 5.22% APR.  Fees are reasonable (about 2%) and points are low.  First Interstate Bank also has the best home loans in the less-than-perfect category with 5.723% APR, relatively low points, and very low fees.

15 Year Fixed
AimLoan.com again comes in with the best home mortgage rates in this group with a 4.929% APR and 2% fees with low points.  First Interstate and Quicken Loans are tied next at 5.414% APR, but First Interstate has much lower fees while both are giving no points.

5/1 ARM
The only 5/1 ARM worth looking at for the best home mortgages is from AimLoan.com with a 4.062% APR, 2% fees, and 1.752 points given.  Raising the rate a little to 4.113% APR can lower those points by 1.00.

Whatever you feel are you best mortgage rates, these listed here should get you started.  Mortgages change daily and for the best home mortgages, make sure to check with local institutions as well as national.