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Today's Mortgage Rates

Compare current mortgage rates and find the best loan option for your home purchase or refinance.

Last updated: October 27, 2026

30-Year Fixed

0.08%
7.32 %
Freddie Mac PMMS, Oct 22

Most popular choice. Lower monthly payments spread over 30 years.

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15-Year Fixed

0.03%
6.68 %
Freddie Mac PMMS, Oct 22

Build equity faster with higher payments but less total interest.

Calculate Payment

FHA 30-Year

0.1%
7.04 %
Optimal Blue, Oct 27

Government-backed loan with lower down payment requirements.

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All Current Rates

Loan Type Interest Rate Source Weekly Change
30-Year Fixed Most popular choice. Lower monthly payments spread over 30 years. 7.32% Freddie Mac PMMS
Oct 22, 2026		 Down 0.08% Calculate
15-Year Fixed Build equity faster with higher payments but less total interest. 6.68% Freddie Mac PMMS
Oct 22, 2026		 Down 0.03% Calculate
FHA 30-Year Government-backed loan with lower down payment requirements. 7.04% Optimal Blue
Oct 27, 2026		 Down 0.1% Calculate
VA 30-Year For eligible veterans and service members. No down payment required. 6.92% Optimal Blue
Oct 27, 2026		 Down 0.04% Calculate
Jumbo 30-Year For loan amounts exceeding conforming limits ($832,750 in most areas). 7.25% Optimal Blue
Oct 27, 2026		 Down 0.08% Calculate
Understanding Rates

What Affects Your Mortgage Rate?

Credit Score

Higher scores (740+) qualify for the best rates. Each tier below may add 0.25-0.5% to your rate.

Down Payment

Larger down payments (20%+) mean better rates and no PMI requirement.

Property Type

Primary residences get the best rates. Investment properties may be 0.5-0.75% higher.

Location

Rates vary by state due to regulations, competition, and local market conditions.

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Loan Type Comparison

Fixed-Rate Mortgages

Your interest rate stays the same for the entire loan term, providing predictable monthly payments.

  • Stable, predictable payments
  • Protection from rate increases
  • Best for long-term homeowners
  • Higher initial rates than ARMs
Learn More

Adjustable-Rate Mortgages (ARMs)

Lower initial rate that adjusts periodically after a fixed period (e.g., 5, 7, or 10 years).

  • Lower initial rates
  • Good if you plan to move or refinance
  • Rate caps limit increases
  • Payment uncertainty after fixed period
Learn More

Government-Backed Loans

FHA, VA, and USDA loans offer more flexible qualification requirements and lower down payments.

  • Lower down payment requirements
  • More flexible credit requirements
  • VA loans: no down payment, no PMI
  • Mortgage insurance premiums (FHA)

Jumbo Loans

For loan amounts exceeding conforming limits. Require stronger finances and typically higher rates.

  • Finance high-value properties
  • Various term options available
  • Higher credit score required (700+)
  • Larger down payment (10-20%)
Learn More

Ready to Calculate Your Payment?

Use our mortgage calculator to see how these rates translate into monthly payments for your target home price.

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Rate Disclaimer

The mortgage rates shown are for informational purposes only and are based on national averages. Actual rates vary based on your credit score, down payment, loan amount, property type, and location. Rates change daily. Contact lenders directly for current rate quotes. Sources: Freddie Mac Primary Mortgage Market Survey (weekly) and Optimal Blue Mortgage Market Indices (daily), via FRED. Rates exclude fees and points. This is not a loan offer or commitment to lend.