Current Mortgage Rates (2026)
Compare today's average mortgage rates for every major loan type. Updated regularly with market data.
Average Mortgage Rates
| Loan Type | Rate | Weekly Change | Monthly P&I* | |
|---|---|---|---|---|
| 30-Year Fixed | 6.85% | -0.02% | $1,835 | Details |
| 15-Year Fixed | 6.10% | -0.03% | $2,378 | Details |
| FHA 30-Year | 6.70% | +0.01% | $1,807 | Details |
| VA 30-Year | 6.60% | -0.05% | $1,788 | Details |
| USDA 30-Year | 6.65% | 0.00% | $1,798 | Details |
| Jumbo 30-Year | 7.00% | +0.03% | $1,863 | Details |
| 5/1 ARM | 6.10% | -0.04% | $1,697 | Details |
| 7/1 ARM | 6.30% | -0.02% | $1,733 | Details |
| 10/1 ARM | 6.50% | -0.01% | $1,770 | Details |
*Monthly P&I based on a $280,000 loan amount. Rates are national averages and may vary. Data for illustrative purposes.
Factors That Affect Your Rate
- Credit Score: 740+ gets the best rates. Each 20-point drop can add 0.125-0.25%.
- Down Payment: 20%+ down gets better rates and eliminates PMI.
- Loan Type: VA loans have the lowest rates. Jumbos are typically highest.
- Loan Term: 15-year rates are 0.5-0.75% lower than 30-year.
- Points: Paying 1 point (1% of loan) reduces rate by ~0.25%.
Tips to Get a Lower Rate
- Shop 3-5 lenders: Rate variation of 0.5%+ between lenders is common.
- Improve your credit: Pay down cards to under 30% utilization before applying.
- Consider an ARM: 5/1 ARMs save 0.5-1.5% if you plan to move within 5-7 years.
- Buy points: If you plan to stay 5+ years, buying down the rate saves money.
- Make a larger down payment: 20%+ unlocks the best rate tiers.
Frequently Asked Questions
What is a good mortgage rate in 2026?
In 2026, a good 30-year fixed rate is around 6.5-6.8%. Rates below 6.5% are excellent. Your specific rate depends on credit score (740+ gets the best rates), down payment, loan type, and lender.
How often do mortgage rates change?
Mortgage rates can change multiple times per day. They closely track the 10-year Treasury yield and are influenced by Fed policy, inflation data, employment reports, and investor sentiment.
Should I lock my rate?
Yes, once you find a rate you are comfortable with, lock it. Rate locks are typically free for 30-60 days. Rates can move significantly in a short period, so locking protects you from increases while you close.