Current Mortgage Rates August 2026 | As Low As 5.25%
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
- Bank & Credit Union Health Safety Ratings
- Bank & Credit Union Star Ratings
- Finance Calculators
Current 30-year fixed mortgage rates include Institution for Savings112 County Rd, Amesbury, MA, 01913A+5.0 ★Texas Ratio: 0.11% at 5.25%, Pearl Hawaii Federal Credit Union1288 Ala Moana Blvd Ste 106, Ewa Beach, HI, 96706 2268A+5.0 ★Texas Ratio: 2.22% at 5.25%, Harleysville Bank1550 Hatfield Valley Rd, Harleysville, PA, 18084A+5.0 ★Texas Ratio: 3.02% at 5.50%, 1st Northern California Credit Union1111 Pine St, Benicia, CA, 94510 3579A+5.0 ★Texas Ratio: 0.24% at 5.50%, and Firstmark Credit Union10610 Potranco Rd, Fredericksburg, TX, 78121 4495A+5.0 ★Texas Ratio: 3.69% at 5.38%. Mortgage rates as of August 28, 2026 according to verified data from MonitorBankRates.
We compared 6,716 mortgage rates from 1,003 banks and credit unions across all 50 states to help you find the best 30-year fixed, 15-year fixed, ARM, FHA, VA, and jumbo mortgage rates.
Finding the lowest mortgage rate can save you thousands over the life of your loan. Whether you are purchasing a home or refinancing, comparing current loan options across top-rated lenders and national banks is critical. We empower borrowers with transparent financial health metrics — including A-F Safety Grades, verified Star Ratings, and Texas Ratios — so you can choose a stable, highly-rated institution with confidence.
Mortgage Rates reflect actual verified offers from lenders actively lending to borrowers nationally. Your final approved rate will depend on your credit profile, loan-to-value ratio, and daily market movements. Last Updated and Verified: August 28, 2026
Compare Mortgage Rates Today Across the United States
30 Year Fixed Mortgage Rates
No additional details available.
No additional details available.
No additional details available.
All loans subject to approval and terms. Rates include all possible discounts. Contact us to determine which discounts apply to you.
As Low As
No additional details available.
No additional details available.
Owner-occupied, existing single-family residence, in California only, serving as a primary residence, with a loan-to-value ratio of less than 80%, and excellent credit.
Introductory rate for 6 months.
No additional details available.
No additional details available.
as low as
No additional details available.
No additional details available.
No additional details available.
Based on a $100,000 loan for the specified term; Income limitations apply; Maximum term: 30 years
†These examples are intended for illustration purposes only. Actual rates and payments could differ. Example rates as of 8/3/26.
No additional details available.
As low as
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As low as
15 Year Fixed Mortgage Rates
No additional details available.
80% LTV
No additional details available.
Terms and Conditions
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
As low as
As Low As
No additional details available.
No additional details available.
No additional details available.
Terms 15*, 30**
80% LTV; Per Thousand Borrowed $8.17
As low as
Contact the credit union for details.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
5/1 ARM Mortgage Rates
No additional details available.
No additional details available.
As Low As
No additional details available.
As Low As
No additional details available.
with closing costs
Longer Amortization For A Lower Payment
No additional details available.
As Low As
No additional details available.
No additional details available.
as low as
No additional details available.
No additional details available.
No additional details available.
No additional details available.
30-Year Jumbo Mortgage Rates
Certain restrictions may apply. Maximum Loan Amount: Up to 80% combined loan to value, Jumbo Loans: Jumbo loans amounts vary and depend on property location. Rates shown above are based on the following scenario: single unit property, primary residence, non-manufactured, 60% CLTV, and 760+ credit. Rates can vary based on a loan scenario. CU SoCal mortgages are available for CA and AZ properties only. Payment examples provided do not include taxes or insurance, actual amounts may be greater.
No additional details available.
Based on a $1,200,000 Loan Amount with an 80% combined loan-to-value (CLTV) and FICO>=740. Estimated payment examples do not include taxes and insurance premiums; actual payment may be greater. Jumbo mortgage loans are mortgages in excess of $832,750 up to a maximum of $3,000,000 per loan.
Jumbo loans are loans exceeding $832,750. APR is based on a $900,000 loan amount. Rates also available for Non-Owner Occupied.
As Low As
No additional details available.
As low as; Rate: 6.625%
As Low As
Jumbo loans are loans exceeding $832,750. APR is based on a $900,000 loan amount. Rates also available for Non-Owner Occupied.
Last updated 08/26/2026
As Low As; Estimated Payment per $10,000: $108.53
Rates As Low As; APR* As Low As
Rates As Low As; APR* As Low As
No additional details available.
Loan payments do not include taxes and insurance.
Jumbo
Based on a $1,200,000 Loan Amount with an 80% combined loan-to-value (CLTV) and FICO>=740. Estimated payment examples do not include taxes and insurance premiums; actual payment may be greater. Jumbo mortgage loans are mortgages in excess of $832,750 up to a maximum of $3,000,000 per loan.
$832,751-$2,000,000
15-Year Jumbo Mortgage Rates
Certain restrictions may apply. Maximum Loan Amount: Up to 80% combined loan to value, Jumbo Loans: Jumbo loans amounts vary and depend on property location. Rates shown above are based on the following scenario: single unit property, primary residence, non-manufactured, 60% CLTV, and 760+ credit. Rates can vary based on a loan scenario. CU SoCal mortgages are available for CA and AZ properties only. Payment examples provided do not include taxes or insurance, actual amounts may be greater.
Jumbo loans are loans exceeding $832,750. APR is based on a $900,000 loan amount. Rates also available for Non-Owner Occupied.
Last updated 08/26/2026
No additional details available.
Based on a $1,200,000 Loan Amount with an 80% combined loan-to-value (CLTV) and FICO>=740. Estimated payment examples do not include taxes and insurance premiums; actual payment may be greater. Jumbo mortgage loans are mortgages in excess of $832,750 up to a maximum of $3,000,000 per loan.
Based on a $1,200,000 Loan Amount with an 80% combined loan-to-value (CLTV) and FICO>=740. Estimated payment examples do not include taxes and insurance premiums; actual payment may be greater. Jumbo mortgage loans are mortgages in excess of $832,750 up to a maximum of $3,000,000 per loan.
No additional details available.
Jumbo loans are loans exceeding $832,750. APR is based on a $900,000 loan amount. Rates also available for Non-Owner Occupied.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Jumbo
As low as; Rate: 6.625%
Rates As Low As; APR* As Low As
As Low As
No additional details available.
No additional details available.
As Low As
Jumbo loans are loans exceeding $832,750. APR is based on a $900,000 loan amount. Rates also available for Non-Owner Occupied.
Jumbo
Last updated 08/26/2026
As Low As; Estimated Payment per $10,000: $108.53
No additional details available.
No additional details available.
Rates As Low As; APR* As Low As
Based on 20% downpayment and/or 80% LTV, mortgage rates apply to owner occupied single family properties only. Minimum loan amount is $100,000. Payments do not include property taxes or insurance. Your payment may be greater if the loan is secured by a first lien. Property insurance is required. Flood insurance may be required. All rates are subject to change without notice. Other restrictions may apply.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Rates are quoted on a 30-day lock option. For additional rates or program availability, please contact the Mortgage Department, at 254.774.5104 or to apply online, please visit our website at www.TexellHomeLoans.com. Loans currently financed with Texell are not eligible for refinance.
No additional details available.
No additional details available.
As low as
No additional details available.
As Low As
Rates As Low As; APR* As Low As
No additional details available.
Loan payments do not include taxes and insurance.
As Low As; Estimated Payment per $10,000: $83.04
No additional details available.
Jumbo
Based on a $1,200,000 Loan Amount with an 80% combined loan-to-value (CLTV) and FICO>=740. Estimated payment examples do not include taxes and insurance premiums; actual payment may be greater. Jumbo mortgage loans are mortgages in excess of $832,750 up to a maximum of $3,000,000 per loan.
No additional details available.
$832,751-$2,000,000
No additional details available.
No additional details available.
No additional details available.
As Low As
As Low As
5/1 Jumbo ARM Mortgage Rates
As low as; Your interest rate and payment are subject to change (up or down) every five years for the remaining loan term.
As Low As; More rate info
No additional details available.
As low as; Rate: 6.625%
No additional details available.
Caps: 2/2/6
As low as
No additional details available.
Caps: 2/2/5
No additional details available.
No additional details available.
No additional details available.
FHA Loan Rates
Rates quoted are not locked in and are subject to change. For example, a 4.635% APR equals an estimated $5.08 monthly payment for 360 months per $1,000.00 borrowed.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Rates are subject to change without notice. (30-year rate shown)
Rates are subject to change without notice.
The information provided is for a 15-year FHA mortgage and assumes the purpose of the loan is to purchase a property, with a loan amount of $441,849.00 and an estimated property value of $450,000.00. The property is located in Utah and is within Salt Lake County. The property is an existing single-family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740. At a 5.500% interest rate, the fixed APR for this loan type is 6.361%. The monthly payment would be: 179 payments of $3,752.13 at an interest rate of 5.500% 1 payment of $3,616.50 at an interest rate of 5.500%. The monthly payment amount displayed includes principal, interest and mortgage insurance. The payment does not include homeowner's insurance or property taxes which must be paid in addition to your loan. Actual APR based on creditworthiness.
Fixed
FHA Loan
No additional details available.
No additional details available.
No additional details available.
No additional details available.
Rate example based on loan amount of $400,000, with a 25% down payment.
Rates last updated on 08/24/2026 at 12:15 PM (EST). Mortgage rates are based upon a variety of assumptions and conditions. The credit score used in this estimate may be higher or lower than your personal credit score. A loan's interest rate will depend upon specific characteristics of the loan and the borrower's credit history through the time of closing. For example, an FHA loan with 30 year term for a loan amount of $361,875, the interest rate of 6.375%, with an APR of 6.468%, would result in an estimated monthly principal and interest payment of $2,257.63. This example does not include mortgage insurance premiums, taxes, insurance, or escrow amounts; your actual payment obligation may be greater.
VA Loan Rates
As Low As
As Low As
3 year/1 year variable rate
As Low As
Example Loan Monthly Payment*** $2,451.25
Example Loan Monthly Payment*** $2,451.25
No additional details available.
No down payment required. $1,600 closing costs. Minimum credit score 620. Certificate of Eligibility required. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed.
No additional details available.
As Low As
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
No additional details available.
As Low As
No additional details available.
We charge a loan origination fee of 1% of the loan amount
No down payment required. $1,600 closing costs. Minimum credit score 620. Certificate of Eligibility required. APR calculated on loan amount of $100,000. Rates are subject to change. Rates are not guaranteed until a formal lock is processed.
No additional details available.
Loan Amount Example: $300,000.00; Monthly Payment Example: $2,551.87
As Low As
No additional details available.
No additional details available.
No additional details available.
Rate example based on loan amount of $400,000, with a 25% down payment.
No additional details available.
No additional details available.
As Low As
Banks and Credit Unions: If you need to update your rate data or request removal from MonitorBankRates.com, please contact us here.
National Mortgage Rate Trends
Weekly mortgage rate averages tracked across our database of verified mortgage rate quotes — updated every evening.
The national 30-year fixed average mortgage rate rose 0.002 points this week to 6.668%, according to MonitorBankRates trend data.
The national 15-year fixed average mortgage rate currently averages 6.254%, according to MonitorBankRates trend data.
National Mortgage Rate Forecast — Next 12 Months
Where are U.S. mortgage rates headed through August 2027?
Based on Fed funds rate futures, 10-year Treasury yield path, and historical mortgage spread model. Not financial advice.
What Forecast Rates Mean for U.S. Home Buyers
Monthly principal & interest on U.S. median home of $303,400 with 20% down, 30-year fixed (U.S. Census Bureau)
| Scenario | Rate | Mo. Payment | vs. Today | % of Income |
|---|---|---|---|---|
| Today (National avg) | 6.668% | $1,561 | — | 23.2% |
| 6-Month Forecast | 6.668% (6.32–6.97%) | $1,561 | +$0/mo | 23.2% |
| 12-Month Forecast | 6.268% (5.92–6.57%) | $1,497 | -$64/mo | 22.3% |
Income column = annual mortgage payment as % of U.S. median household income ($80,734). Above 30% is generally considered cost-burdened.
MonitorBankRates Housing Affordability Index (MBR-HAI)
A daily-updated composite score measuring how affordable homeownership is nationally. Compiled by MonitorBankRates using housing and income indicators from the U.S. Census Bureau.
What the Score Measures
The MBR-HAI answers a single question: how affordable is homeownership today, relative to the national baseline? Scores update each morning, computed from rate data captured the previous night. The index reflects current homeownership conditions across all 50 states — not estimated rates, not rate sheet averages, and not survey data.
Today's national score of 99.4 reflects current homeownership conditions across the country. The score is positioned against a long-run baseline so readers can quickly gauge whether conditions are more or less affordable than the historical norm.
Scores update each morning, computed from rate data captured the previous night. Compiled by MonitorBankRates using housing and income indicators from the U.S. Census Bureau. Full methodology →
How Mortgage Rates Impact Home Affordability in the U.S.
National Housing Market Overview
The median owner-occupied home value in the United States is approximately $303,400, according to the U.S. Census Bureau. The 2026 FHFA conforming loan limit is $832,750 for most counties, with higher limits in designated high-cost areas.
National Homeownership Rate
Monthly Payment Estimates for U.S. Home Buyers
Based on a 20% down payment on the national median home value, a $240,000 loan at current national average rates:
| Interest Rate | Loan Term | Monthly Payment | Total Interest Paid |
|---|---|---|---|
| 6.168% | 30-year fixed | $1,465 | $287,380 |
| 6.668% Current Avg | 30-year fixed | $1,544 | $315,687 |
| 7.168% | 30-year fixed | $1,624 | $344,603 |
| 6.254% | 15-year fixed | $2,058 | $130,501 |
A 0.500% rate increase on a $240,000 loan adds roughly $80 per month and over $28,915 in total interest over 30 years. That’s why comparing verified rates from multiple lenders — using the table above — is one of the most impactful financial decisions a home buyer can make.
Compiled by MonitorBankRates using data from the U.S. Census Bureau and the Federal Housing Finance Agency. Monthly payments shown are principal & interest only.
U.S. Income & Housing Affordability
At a price-to-income ratio of 3.8x, the national housing market reflects moderate affordability pressure across most regions — though that average masks significant variation between high-cost coastal markets and more affordable interior metros.
What This Means for U.S. Buyers
With a national median household income of $80,734 per year ($6,728/month) and a median home value of approximately $303,400, a typical buyer financing at 80% LTV at current average rates would spend roughly 22.9% of gross monthly income on principal and interest alone. that falls within a manageable range, though taxes, insurance, and PMI will add to the true monthly cost.
Compiled by MonitorBankRates using data from the U.S. Census Bureau. Payment estimate assumes 80% LTV at current average rate; principal and interest only.
Full Cost of Homeownership in the U.S.
A mortgage payment is only part of what homeowners pay each month. Property taxes, insurance, and utilities add hundreds of dollars more — and the gap between owning and renting varies dramatically depending on where you live.
Owner vs. Renter Costs
Housing Cost Burden
Nationally, 28% of mortgage holders spend more than 30% of gross household income on housing — the federal threshold for “cost burdened.” For renters, that figure is 47.6%. Nearly one in four renters (24.1%) are severely cost burdened, spending 50% or more of income on rent alone.
These national averages mask significant geographic variation. In high-cost metros like Los Angeles, San Francisco, and New York, owner cost burden rates exceed 40-45% — well above the national norm. In lower-cost markets across the Midwest and South, the same income goes substantially further. Use the state and city pages to see how your specific market compares.
Compiled by MonitorBankRates using data from the U.S. Census Bureau.
Mortgage Payment Calculator
See your estimated monthly principal & interest payment at today’s rates. The home price is prefilled with the U.S. median home value — adjust anything, or click a current national rate on the right to apply that loan type’s rate and term instantly.
Principal & interest only — excludes property taxes, homeowners insurance, PMI, and HOA dues. See the Full Cost of Homeownership section above for those figures. Estimates are for informational purposes only.
Run the Numbers on Your Home Loan
Rates are only part of the equation. Use these calculators to translate current national mortgage rates into real numbers for your specific situation — before you talk to a lender.
Enter your loan amount, interest rate, and term length to see your estimated monthly principal and interest payment. Adjust any variable to model different scenarios — a larger down payment, a shorter term, or a rate a quarter-point lower than what you were quoted.
CalculateTell us your gross income, monthly debt obligations, and how much you have for a down payment. We’ll show you the home price range you’re likely to qualify for at current rates — so you can shop with a realistic number in mind rather than discovering your ceiling after you’ve fallen in love with a property.
CalculateEnter your current rate, remaining balance, and the rate you’ve been quoted to refinance. The calculator shows your new monthly payment, monthly savings, and the break-even point — the number of months it takes for your savings to cover closing costs.
CalculateBuying isn’t always the better financial decision. This calculator weighs the full cost of each path — mortgage payments, taxes, insurance, and maintenance against rent increases and the opportunity cost of a down payment — to show which option builds more wealth over your time horizon.
CalculateTypes of Mortgages Available Nationwide
Not every loan program is right for every buyer. Rates, down payment requirements, eligibility rules, and long-term costs vary significantly — understanding the differences before you compare lenders can save thousands over the life of your loan.
Fixed-Rate Mortgage
A fixed-rate mortgage locks your interest rate in for the entire loan term — your principal and interest payment on day one is identical to payment 360. That predictability is valuable for long-term financial planning, especially with current rates where locking in could protect against future increases.
Available in 10-, 15-, 20-, and 30-year terms. The 30-year minimizes monthly payments; the 15-year cuts total interest paid dramatically. The payment comparison table above shows exactly how those trade-offs look at today’s national rate levels.
Adjustable-Rate Mortgage (ARM)
An ARM offers a fixed introductory rate for an initial period — commonly 5, 7, or 10 years — after which the rate adjusts periodically based on a market index. The starting rate is typically lower than a comparable fixed-rate loan.
ARMs work best when you have a defined exit timeline. Rate caps govern how much the rate can move at each adjustment and over the life of the loan, so review those terms closely before committing.
FHA Loan
Backed by the Federal Housing Administration, FHA loans are built for buyers who don’t yet meet conventional loan standards. You can qualify with a credit score of 580 and just 3.5% down — and some lenders will consider scores as low as 500 with a 10% down payment.
FHA loans carry an upfront MIP of 1.75% of the loan amount plus an annual MIP of 0.15%–0.75% depending on term and LTV. For many first-time buyers, FHA is the fastest path to ownership.
VA Loan
Available to eligible active-duty service members, veterans, reservists, National Guard members, and qualifying surviving spouses. No down payment is required, there is no monthly mortgage insurance, and rates are generally competitive with — and often better than — conventional loan rates.
A one-time funding fee applies — 2.15% for first-time VA borrowers with no down payment — which can be financed into the loan.
Jumbo Loan
The 2026 FHFA conforming loan limit is $832,750 for most counties. Any mortgage above that threshold is a jumbo loan, falling outside Fannie Mae and Freddie Mac guidelines — meaning lenders carry the full risk and price it accordingly.
Jumbo underwriting is stricter: lenders typically require a credit score of 700+, substantial cash reserves, and a down payment of at least 10–20%. Rates may run slightly above conforming levels, though the gap narrows in competitive lending environments.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our nationwide mortgage rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Mortgage Rate Data: We aggregate mortgage and refinance rates nationwide directly from the official websites of lenders, banks, and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home loan products across the country. We feature a comprehensive mix of institutions — from neighborhood credit unions and competitive regional banks to large national online lenders.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update mortgage rates daily. Because mortgage rates and APRs can fluctuate rapidly based on bond markets and economic conditions, every loan product features its own specific “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data — including the Texas Ratio — ensuring you are comparing rates from secure, reliable lenders.
Frequently Asked Questions about Mortgage Rates
What is a 30-Year Fixed Mortgage?
How does my credit score affect my rate?
What are closing costs?
Should I lock my mortgage rate?
What is an Adjustable-Rate Mortgage (ARM)?
What is a Jumbo Loan?
Do I need a 20% down payment?
What is the difference between Interest Rate and APR?
Can I refinance my mortgage later?
What is the national homeownership rate?
What is the median home value in the United States?
What is the median household income in the United States?
What percentage of homeowners are cost burdened nationally?
What is the median rent in the United States?
What are the best Mortgage rates nationally?
- Institution for Savings: 5.25% (First-Time/Affordable Homebuyer Loan 30 Year Fixed)
- Pearl Hawaii Federal Credit Union: 5.25% (30 Year Mortgage- Owner Occupied, First Liens)
- Harleysville Bank: 5.50% (30 Yr. Fixed)
- 1st Northern California Credit Union: 5.50% (30 Year Fixed)
- Firstmark Credit Union: 5.38% (5/5 Jumbo ARM - 30yr)
Mortgage Rates by State
