Current Mortgage Rates October 2026 | As Low As 4.99%
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
Mortgage rates range from 4.00% (15-year fixed) to 7.38% (FHA), verified by MonitorBankRates as of October 15, 2026. Current 30-year fixed mortgage rates include Advance Financial Federal Credit Union (30-Year Fixed Mortgage) at 5.625%, Institution for Savings (First-Time/Affordable Homebuyer Loan - 30 Year Fixed) at 5.625%, Educational Employees Credit Union (30 Year Fixed Rate Jumbo - Primary Residence) at 5.75%, Frost Bank (Frost Progress Mortgage Options - 30-year fixed-rate (Income-based)) at 5.75%, and Florida Central Credit Union (Second Home Mortgage - 30 Year Fixed) at 5.85%. Mortgage rates as of October 15, 2026 according to verified data from MonitorBankRates.
We compared 7,072 mortgage rates from 1,125 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: October 15, 2026
Compare Mortgage Rates Today Across the United States
30 Year Fixed Mortgage Rates
Effective as of: October 1, 2022
As Low As; Competitive 30-Year Fixed Mortgage Rates starting at 5.625%; get pre-qualified
Owner-occupied single family primary residence; minimum credit score 680; first-time homebuyer program; APR based on $550,000 purchase loan with max LTV 97%; max loan $550,000; max purchase price $687,500; Essex County only
- Oct 14, 20265.67%▼ from 6.71%
- Oct 7, 20266.71%▲ from 5.67%
- Oct 1, 20265.67%▲ from 5.55%
- Sep 15, 20265.55%first recorded
No additional details available.
Income-based option for lower-income households; up to $4,000 toward closing costs for qualifying borrowers; administrative fee waived for eligible borrowers; financing up to 100% available; benefits cannot be combined with location-based option; example rates as of 10/5/26
No additional details available.
APR based on $100,000 loan amount. Rates posted are indications only and are subject to change without notice.
As Low As; 80% loan-to-value; minimum 720 credit score; primary residence; applications received October 1-31, 2026 and closing within 90 days; purchase, one-time-close construction-to-permanent, and eligible refinance loans; membership eligibility required
As Low As; Second Home Mortgages
As Low As; Mortgage Rates
- Oct 14, 20265.99%▼ from 6.25%
- Oct 2, 20266.25%first recorded
As Low As; Featured Rate
- Sep 18, 20266.00%▼ from 8.00%
- Sep 14, 20268.00%first recorded
30-year fixed-rate home loan; interest rate not stated
As Low As; Starting at 6.054% APR*; Mortgage via Member First Mortgage, LLC (MFM); APR = Annual Percentage Rate
- Oct 12, 20266.05%▲ from 5.88%
- Oct 2, 20265.88%first recorded
No additional details available.
- Sep 27, 20266.06%▲ from 5.68%
- Sep 15, 20265.68%first recorded
Minimum Down Payment: 5%; APRs based on $180,000 loan amount with 20% equity; owner occupied 1-4 family, purchase or refinance; Rates Effective 9/17/26
Origination Processing Fee: $695.00; APR based on $250,000 loan, 80% LTV, FICO 730+, 60-day rate lock
As Low As; Fixed Rate; APR based on $125,000 loan, 80% LTV, FICO 740+; Conforming Fixed Rate Loan Limits apply
No additional details available.
Monthly payment (P&I) $1,199.10 based on $200,000 loan; Borrowing member must maintain share account of at least 1% of financed amount
- Oct 15, 20266.14%▲ from 5.89%
- Sep 14, 20265.89%first recorded
APR as low as; APR as of 9/17/2026 based on $50,000 purchase loan with minimum credit score of 750; Rates effective as of 9/22/2026
Up to 89% financing with no mortgage insurance required.
As Low As; TRIM - The Rate Improver Mortgage; Maximum Loan Amount $800,000; primary residence only, single-family and warrantable condominium; APR based on $125,000 loan, 80% LTV, FICO 740+
10 year call
As Low As; Real Estate Loan Rates; Effective Date: 10/1/2026
- Oct 10, 20266.24%▲ from 5.49%
- Sep 18, 20265.49%first recorded
As Low As; Quick Summary: Lock in your rate for 30 years; Consider If: You plan to stay in your home for 10 years or more; You prefer fixed, consistent payments
As Low As; Effective October 1, 2026; APR = Annual Percentage Rate; rates subject to change
- Oct 2, 20266.25%▲ from 6.10%
- Oct 1, 20266.10%▼ from 6.35%
- Sep 18, 20266.35%first recorded
As Low As; APR* as low as; 1% origination fee on 1st mortgages
- Oct 2, 20266.25%▲ from 5.90%
- Sep 14, 20265.90%first recorded
Loan Amounts: Up To $250,000; Owner occupied 1-4 family home in NJ (Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county); income eligibility required; no fees; Contact Us to apply
No additional details available.
- Oct 7, 20266.26%▼ from 7.01%
- Oct 1, 20267.01%▲ from 6.64%
- Sep 19, 20266.64%▲ from 5.64%
- Sep 15, 20265.64%first recorded
Owner occupied single family; based on 20% downpayment and/or 80% LTV; minimum loan amount $100,000; payments exclude property taxes and insurance; First Time Buyers receive $300 off closing costs
APR shown is the lowest available rate. Rates depend on individual creditworthiness and are subject to change without notice.
Current home lending rates; APR as low as; Rates and Terms are subject to credit approval.
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $400,000 and an estimated property value of $500,000. The property is located in MA and is within Middlesex 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 60 days, and the assumed credit score is 720. At a 6.250% interest rate, the APR for this loan type is 6.291%. The monthly payment schedule would be: - 359 payments of $2,462.87 at an interest rate of 6.250% - 1 payment of $2,462.44 at an interest rate of 6.250%. Minimum payment does not include taxes and homeowner's insurance, and the actual payment may be greater.
No additional details available.
Conventional Loans
As Low As; Mortgage rates shown are subject to change
Primary Residence; Max LTV: 97%
- Oct 14, 20266.40%▼ from 7.15%
- Oct 8, 20267.15%▲ from 7.02%
- Oct 3, 20267.02%first recorded
Current Mortgage Rates; Up to 80% loan to value; Monthly payments: 360; Rates effective as of 9/22/2026; APR based on $100,000 loan amount
- Oct 14, 20266.42%▲ from 5.92%
- Oct 12, 20265.92%▼ from 6.42%
- Oct 8, 20266.42%first recorded
No additional details available.
No additional details available.
Effective Date: October 1, 2026; APR = Annual Percentage Rate; Loans with loan to value greater than 80% require mortgage insurance
No additional details available.
Mortgage; Partners rate; rate comparison tool; APR based on Partners' best fixed rates on approved credit
- Oct 15, 20266.48%▲ from 6.10%
- Sep 14, 20266.10%first recorded
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Winston-Salem, NC and is within Forsyth county. The property is an existing single family home and will be used as a primary residence. Assuming that an escrow (impound) account is being established. The rate lock period is 30 days with an assumed credit score of 780. At a 6.400% interest rate, the APR for this loan type is 6.489%. The payment schedule would be: 359 payments of $1,251.01 at an interest rate of 6.400% 1 payment of $1,251.64 at an interest rate of 6.400% If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The interest rates, annual percentage rates (APRs), and fees are subject to change without notice.
As Low As; Finance up to 80% of appraised property value; proof of homeowners insurance required; loan rates subject to change
No additional details available.
Mortgage Loans; Residence must be in Tennessee for first and second mortgage loans
Balance 50K or more, up to 60% LTV, 740+ Credit Score; Rates include a discount of .25% APR for Auto Pay from an HRCCU Account
APR* as low as; 1% Origination Fee charged on all 1st Mortgages
- Oct 2, 20266.50%▲ from 6.35%
- Sep 14, 20266.35%first recorded
Real Estate Loan; 0 Points
All quoted loan rates are APR rates
No additional details available.
Adjustable rate mortgage; rates based on $200,000 loan amount; effective 09/21/2026
Adjustable rate mortgage; rates based on $200,000 loan amount; effective 09/21/2026
VA Loans; Mortgage Rates
Term: 30 years (360 monthly payments); Up to 80% loan to value (up to 97% with PMI); APR based on $100,000 loan amount; interest only during construction; rates effective as of 9/22/2026
Owner occupied single family; based on 20% downpayment and/or 80% LTV; minimum loan amount $100,000; payments exclude property taxes and insurance; First Time Buyers receive $300 off closing costs
1-4 Family Owner Occupied/Condominiums/Co-ops; Zero Points; Estimated payment on $220,000 loan; Owner occupied, 20% down
No additional details available.
Payment Example based on APR: $1,588.73; Estimated APR: 6.552%; Payment examples based on a $250,000 loan, principal and interest only
- Oct 9, 20266.55%▲ from 6.30%
- Sep 14, 20266.30%first recorded
15 Year Fixed Mortgage Rates
Single Family Primary Residence; Purchase or Refinance; Income restrictions apply: 80% or less of Area Median Income (AMI)
Effective Date: August 28, 2025; Rates are based on Beacon score of 730 or higher
Promotional rate available for a limited time as approved by the CMC FCU Board of Directors
As Low As; Mortgage Loans; Max LTV: Up to 95%
No additional details available.
As Low As; Membership eligibility required; New money required to refinance existing PFCU loans at this rate; Rate discount for automatic payment not available with this offer; Offer not valid on business loans
- Oct 13, 20265.33%▼ from 6.50%
- Oct 1, 20266.50%first recorded
As Low As; Effective October 1, 2026; APR = Annual Percentage Rate; rates subject to change
- Oct 2, 20265.50%▲ from 5.00%
- Oct 1, 20265.00%▼ from 5.25%
- Sep 18, 20265.25%first recorded
Homepage rate; asterisk footnote: View rates page for full disclosure details.
Maximum loan amount $2,500,000; APR based on 20% down payment
APR based on $100,000 loan amount. Rates posted are indications only and are subject to change without notice.
As Low As; 1st Mortgage
No additional details available.
Origination Processing Fee: $695.00; APR based on $250,000 loan, 80% LTV, FICO 730+, 60-day rate lock
As Low As; Fixed Rate; APR based on $125,000 loan, 80% LTV, FICO 740+; Conforming Fixed Rate Loan Limits apply
LTV: From 80.01% - 100.00%; Rates effective as of 10/1/2026
Amortization: 15 years; Effective APR calculated using $150,000 mortgage borrowed
LTV: From 80.01% - 100.00%; Rates effective as of 10/1/2026
Payment Example based on APR: $2,066.27; Estimated APR: 5.677%; Payment examples based on a $250,000 loan, principal and interest only
- Oct 9, 20265.68%▲ from 5.43%
- Sep 14, 20265.43%first recorded
Estimated APR 5.677%; Payment example $2,066.27 based on $250,000 loan (principal and interest only); APR effective 10/1/26
As Low As; Mortgage rates effective as of 9/30/2026; Rates vary based on credit score
For complete information or rate quotes contact a Mortgage Specialist at 563-210-2787 or 563-888-9670
The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $200,000 and an estimated property value of $250,000. The property is located in Winston-Salem, NC and is within Forsyth county. The property is an existing single family home and will be used as a primary residence. Assuming that an escrow (impound) account is being established. The rate lock period is 30 days with an assumed credit score of 780. At a 5.525% interest rate, the APR for this loan type is 5.706%. The payment schedule would be: 179 payments of $1,636.82 at an interest rate of 5.525% 1 payment of $1,637.12 at an interest rate of 5.525% If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums. The interest rates, annual percentage rates (APRs), and fees are subject to change without notice.
LTV: From 80.01% - 100.00%; Rates effective as of 10/1/2026
No additional details available.
APR shown is the lowest available rate. Rates depend on individual creditworthiness and are subject to change without notice.
Fixed rate; APR shown is the Annual Percentage Rate
Balance 50K or more, up to 60% LTV, 740+ Credit Score; Rates include a discount of .25% APR for Auto Pay from an HRCCU Account
As Low As; Current Rates homepage card
As Low As; Fixed Rate 15-year fixed
As Low As; APR* as low as; 1% origination fee on 1st mortgages
- Oct 2, 20265.75%▲ from 5.40%
- Sep 14, 20265.40%first recorded
Origination Fee: 1.00%; Effective as of 02/01/2026
First Mortgage - Primary Residence Only
No additional details available.
- Oct 15, 20265.75%▲ from 5.63%
- Oct 4, 20265.63%first recorded
No additional details available.
Primary Residence; Max LTV: 97%
- Oct 14, 20265.79%▼ from 6.41%
- Oct 8, 20266.41%first recorded
Loan Amount: $165,000; Payment: $1,348.19; Discount Points/AMT: $1,414.75
- Oct 7, 20265.80%▲ from 5.55%
- Sep 27, 20265.55%▲ from 5.55%
- Sep 24, 20265.55%first recorded
Loan to Value %: 80%
As Low As; Finance up to 80% of appraised property value; proof of homeowners insurance required; loan rates subject to change
Current home lending rates; APR as low as; Rates and Terms are subject to credit approval.
Current Mortgage Rates; Up to 80% loan to value; Monthly payments: 180; Rates effective as of 9/22/2026; APR based on $100,000 loan amount
- Oct 14, 20265.86%▲ from 5.36%
- Oct 12, 20265.36%▼ from 5.86%
- Oct 8, 20265.86%first recorded
Fixed Rate; 0.50 percentage point promotional discount included; requires FAIRWINDS checking with recurring direct deposit of at least $500 or automatic mortgage payments; based on $250,000 loan, 780 credit score, 80% LTV, 45-day rate lock; last updated 10/13/2026
1st Mortgage Only; Category: A+ Rated Credit; Max LTV: <=90%; Primary Dwelling or Second Home; 1% Origination Fee, Actual Closing Costs; Survey and Appraisal Fee May Apply
- Oct 15, 20265.87%▼ from 7.23%
- Sep 17, 20267.23%first recorded
As Low As; Non-jumbo; Comments: Up to 1.0 points**; ** Members without permanent resident status may be charged up to 1.0 origination points and 0.750% added to the loan rate
LTV: Up to 80.00%; Rates effective as of 10/1/2026
Effective Date: October 14, 2026; Terms and Conditions
Owner occupied single family; based on 20% downpayment and/or 80% LTV; add .25% for loans less than $100,000; minimum loan amount $100,000; payments exclude property taxes and insurance; First Time Buyers receive $300 off closing costs
LTV: Up to 80.00%; Rates effective as of 10/1/2026
1-4 Family Owner Occupied/Condominiums/Co-ops; Zero Points; Estimated payment on $220,000 loan; Owner occupied, 20% down
Loan amount not to exceed $499,999; APR assumes $250,000 loan, 80% LTV, owner occupied, single-family residence, credit score 620 or above; Conforming rate
Loan amounts of $500,000 to $1,000,000; APR assumes $500,000 loan, 80% LTV, owner occupied, single-family residence, credit score 620 or above; High balance rate
LTV: Up to 80.00%; Rates effective as of 10/1/2026
NMLS ID 411386
As Low As; APR*
APR* as low as; 1% Origination Fee charged on all 1st Mortgages
- Oct 2, 20266.00%▲ from 5.85%
- Sep 14, 20265.85%first recorded
Real Estate Loan; 0 Points
All quoted loan rates are APR rates
All rates quoted with zero points; Loans available on primary residence, secondary residence, or investment property in Missouri
Loan Amounts: Up To $250,000; Owner occupied 1-4 family home in NJ (Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county); income eligibility required; no fees; Contact Us to apply
As Low As; Second Home Mortgages
As Low As; Mortgage Rates
5/1 ARM Mortgage Rates
As Low As; ARM structure 5/1; Rates subject to increase or decrease after the Initial Fixed Period; Loans over $832,750 may be subject to different rates; Borrower must qualify for Credit Union membership; Qualifying properties must be within Credit Union charter
Rate fixed for 60 months; annual adjustment cap 2% after 60 months; maximum adjustment for life of loan 4.0%; 30 year amortization; effective January 15, 2026
No additional details available.
Category: A+ Rated Credit; Max LTV: <=80%; Primary Dwelling or Second Home; Rate fixed for first five years, adjusts annually beginning on 5th anniversary date; 2% max annual adjustment; 6% lifetime cap; 1% origination fee, actual closing costs, and appraisal fee may apply
With closing costs; down payment 10% or higher; PMI may be required
Special-only for new purchase mortgages (with closing costs); 10% down; No PMI required
APR as low as; Home Mortgage Lending Rates; first APR as-low-as column
Category: A+ Rated Credit; Max LTV: 90%; Primary Dwelling or Second Home; Rate fixed for first five years, adjusts annually beginning on 5th anniversary date; 2% max annual adjustment; 6% lifetime cap; 1% origination fee, actual closing costs, and appraisal fee may apply
Adjustable Rate Mortgage; Interest Rate (As Low As) 5.49%; APR is 5.55%; initial rate fixed for first 60 months, then adjusts annually; maximum term 300 months; owner occupied properties only; APR based on $50,000 loan at 70% LTV including $650.00 processing fee
- Oct 13, 20265.55%▲ from 5.30%
- Sep 17, 20265.30%first recorded
Loan to Value %: 80%
Category: A Rated Credit; Max LTV: 90%; Primary Dwelling or Second Home; Rate fixed for first five years, adjusts annually beginning on 5th anniversary date; 2% max annual adjustment; 6% lifetime cap; 1% origination fee, actual closing costs, and appraisal fee may apply
Annual Cap: 2.00%; Lifetime Cap: 5.00%; Minimum Loan Amount is $20,000; Maximum Refinance Loan to Value is 90%; Maximum Purchase Money 95% LTV; APR is based off the 30-day average SOFR index
APR as low as; Home Mortgage Lending Rates; second APR as-low-as column
30-Year Jumbo Mortgage Rates
Owner-occupant 1st mortgage, 20% down, 30-day lock; APR based on $1,200,000 loan
As Low As; Jumbo Mortgages (Greater than $832,750)
Payment: $3,639.81; 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective Date: January 28, 2026; Based on $650,000.00 borrowed, repaid over five years with $649,232.53 balloon due at maturity
- Oct 8, 20265.35%▼ from 5.38%
- Sep 16, 20265.38%first recorded
Owner-occupant 1st mortgage, 20% down, 30-day lock; APR based on $1,200,000 loan
As Low As; Jumbo loan (over $766,550); Rate fixed for first 5 years; Current Calculation of Rate Remaining Term: 6.625%
No additional details available.
As Low As; Origination/Discount Fee: 0.750%; Mortgage Rates as of October 13, 2026
Owner-occupant 1st mortgage, 20% down, 30-day lock; APR based on $1,200,000 loan
As Low As; Jumbo loan (over $766,550); Loan-to-value over 80%; Rate fixed for first 5 years; Current Calculation of Rate Remaining Term: 6.625%
Loan amounts greater than $832,750; Rate (as low as); APR (as low as)
- Oct 2, 20266.19%▲ from 5.94%
- Sep 20, 20265.94%▲ from 5.69%
- Sep 14, 20265.69%first recorded
As Low As; Origination/Discount Fee: 0.750%; Mortgage Rates as of October 13, 2026
Rate (as low as); APR (as low as); Estimated Payment per $10,000: $111.02; Loan amounts greater than $832,750; Rates listed are based on 80% loan to value; Financing available up to 90% loan to value; Construction phase up to 1 year in addition to term
- Oct 2, 20266.25%▲ from 5.99%
- Sep 20, 20265.99%▲ from 5.74%
- Sep 14, 20265.74%first recorded
As Low As; Effective Date: September 30, 2026; Example Loan Amount: $850,000; Example
Jumbo Rate; 0.50 percentage point promotional discount included; requires FAIRWINDS checking with recurring direct deposit of at least $500 or automatic mortgage payments; based on $832,750 loan, 780 credit score, 80% LTV, 45-day rate lock; last updated 10/13/2026
Payment: $4,108.44; 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective Date: January 28, 2026; Based on $650,000.00 borrowed, repaid over five years with $648,943.15 balloon due at maturity
- Oct 8, 20266.47%▼ from 6.50%
- Sep 16, 20266.50%first recorded
Owner occupied single family; based on 20% downpayment and/or 80% LTV; minimum loan amount $100,000; payments exclude property taxes and insurance; First Time Buyers receive $300 off closing costs
Autopay rate; non-autopay rates are .25% higher. P&I per $1,000 Borrowed: $11.36; 120 monthly payments; Effective: October 14, 2026
No additional details available.
Fixed-rate; Our purchase rates
No additional details available.
15-Year Jumbo Mortgage Rates
Owner-occupant 1st mortgage, 20% down, 30-day lock; APR based on $1,200,000 loan
As Low As; Jumbo Mortgages (Greater than $832,750)
Payment: $3,639.81; 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective Date: January 28, 2026; Based on $650,000.00 borrowed, repaid over five years with $649,232.53 balloon due at maturity
- Oct 8, 20265.35%▼ from 5.38%
- Sep 16, 20265.38%first recorded
Owner-occupant 1st mortgage, 20% down, 30-day lock; APR based on $1,200,000 loan
As Low As; Jumbo loan (over $766,550); Rate fixed for first 5 years; Current Calculation of Rate Remaining Term: 6.625%
No additional details available.
Jumbo Rate; 0.50 percentage point promotional discount included; requires FAIRWINDS checking with recurring direct deposit of at least $500 or automatic mortgage payments; based on $832,750 loan, 780 credit score, 80% LTV, 45-day rate lock; last updated 10/13/2026
As Low As; Origination/Discount Fee: 0.750%; Mortgage Rates as of October 13, 2026
As Low As; Origination/Discount Fee: 0.750%; Mortgage Rates as of October 13, 2026
Owner-occupant 1st mortgage, 20% down, 30-day lock; APR based on $1,200,000 loan
No additional details available.
As Low As; Jumbo loan (over $766,550); Loan-to-value over 80%; Rate fixed for first 5 years; Current Calculation of Rate Remaining Term: 6.625%
Owner occupied single family; based on 20% downpayment and/or 80% LTV; minimum loan amount $100,000; payments exclude property taxes and insurance; First Time Buyers receive $300 off closing costs
Loan amounts greater than $832,750; Rate (as low as); APR (as low as)
- Oct 2, 20266.19%▲ from 5.94%
- Sep 20, 20265.94%▲ from 5.69%
- Sep 14, 20265.69%first recorded
As Low As; Origination/Discount Fee: 0.750%; Mortgage Rates as of October 13, 2026
No additional details available.
Rate (as low as); APR (as low as); Estimated Payment per $10,000: $111.02; Loan amounts greater than $832,750; Rates listed are based on 80% loan to value; Financing available up to 90% loan to value; Construction phase up to 1 year in addition to term
- Oct 2, 20266.25%▲ from 5.99%
- Sep 20, 20265.99%▲ from 5.74%
- Sep 14, 20265.74%first recorded
As Low As; Effective Date: September 30, 2026; Example Loan Amount: $850,000; Example
Jumbo Rate; 0.50 percentage point promotional discount included; requires FAIRWINDS checking with recurring direct deposit of at least $500 or automatic mortgage payments; based on $832,750 loan, 780 credit score, 80% LTV, 45-day rate lock; last updated 10/13/2026
Jumbo loan; Apply Online
- Oct 14, 20266.40%▼ from 6.53%
- Oct 2, 20266.53%▲ from 6.40%
- Sep 27, 20266.40%▲ from 6.15%
- Sep 18, 20266.15%▲ from 5.78%
As Low As; Effective Date: September 30, 2026; Example Loan Amount: $850,000; Example
Payment: $4,108.44; 1st Adj Rate: N/A; 1st Adj Payment: N/A; Effective Date: January 28, 2026; Based on $650,000.00 borrowed, repaid over five years with $648,943.15 balloon due at maturity
- Oct 8, 20266.47%▼ from 6.50%
- Sep 16, 20266.50%first recorded
Loan amounts greater than $832,750; Rate (as low as); APR (as low as)
- Oct 2, 20266.47%▲ from 6.22%
- Sep 20, 20266.22%▲ from 5.96%
- Sep 14, 20265.96%first recorded
Rate (as low as); APR (as low as); Estimated Payment per $10,000: $85.74; Loan amounts greater than $832,750; Rates listed are based on 80% loan to value; Financing available up to 90% loan to value; Construction phase up to 1 year in addition to term
- Oct 2, 20266.51%▲ from 6.26%
- Sep 20, 20266.26%▲ from 6.00%
- Sep 14, 20266.00%first recorded
Jumbo mortgage (greater than $832,750); Est. APR based upon a 0% Service Fee
Fixed rate mortgage; 180 monthly payments; rate is autopay rate, non-autopay rates are .25% higher; rates shown with 20% down payment
Owner occupied single family; based on 20% downpayment and/or 80% LTV; minimum loan amount $100,000; payments exclude property taxes and insurance; First Time Buyers receive $300 off closing costs
Autopay rate; non-autopay rates are .25% higher. P&I per $1,000 Borrowed: $11.36; 120 monthly payments; Effective: October 14, 2026
No additional details available.
Rate Lock: 60 Day
Fixed-rate; Our purchase rates
No additional details available.
- Oct 2, 20266.62%▲ from 6.37%
- Sep 30, 20266.37%first recorded
No additional details available.
No additional details available.
- Oct 7, 20266.64%▲ from 6.39%
- Sep 24, 20266.39%▲ from 6.25%
- Sep 15, 20266.25%first recorded
Fixed-Rate Mortgages; Conventional Fannie Mae Mortgage Product; Jumbo; Rates stated for loan amounts over $100,000, 780+ credit score, LTV 80% or less, 60-day rate lock
- Oct 15, 20266.64%▼ from 6.77%
- Sep 25, 20266.77%▲ from 6.39%
- Sep 16, 20266.39%first recorded
5/1 Jumbo ARM Mortgage Rates
APR as low as; Home Mortgage Lending Rates; first APR as-low-as column
As Low As; Jumbo loan (over $766,550); Rate fixed for first 5 years; Current Calculation of Rate Remaining Term: 6.625%
APR as low as; Home Mortgage Lending Rates; second APR as-low-as column
As Low As; Rate fixed for 15 years, then adjusts once at 15 years; for loans over $766,550; rate can increase by no more than 6.00% at the 15 year adjustment; maximum loan-to-value 95%; valid for owner occupied properties
As Low As; Loan amounts greater than $832,750; Estimated Payment per $10,000: $59.96; Adjustable-rate mortgage, fixed initial rate for first 5 years; minimum down payment 5%
- Oct 2, 20266.04%▲ from 5.79%
- Sep 20, 20265.79%▲ from 5.54%
- Sep 14, 20265.54%first recorded
No additional details available.
- Oct 13, 20266.10%▼ from 6.13%
- Sep 29, 20266.13%▲ from 5.88%
- Sep 22, 20265.88%▲ from 5.68%
- Sep 14, 20265.68%first recorded
Adjustable-rate mortgage; Margin: 2.500%; Caps: 2/2/6
- Oct 10, 20266.15%▲ from 6.02%
- Oct 1, 20266.02%▼ from 6.27%
- Sep 27, 20266.27%first recorded
As Low As; Jumbo loan (over $766,550); Loan-to-value over 80%; Rate fixed for first 5 years; Current Calculation of Rate Remaining Term: 6.625%
Adjustable-rate mortgage; Margin: 2.375%; Caps: 2/2/5
- Oct 10, 20266.27%▲ from 6.15%
- Oct 1, 20266.15%▼ from 6.40%
- Sep 27, 20266.40%first recorded
ARM Loans; Effective October 1, 2026
ARM Loans; Effective October 1, 2026
As Low As; Payment example: $7486.44; Based on a $1,200,000 loan amount, 80% CLTV, FICO>=740; Adjustable Rate (15/15 ARM) with 5% rate cap for one-time adjustment
- Sep 25, 20266.58%▲ from 6.20%
- Sep 17, 20266.20%▲ from 6.18%
- Sep 14, 20266.18%first recorded
Jumbo ARM
- Oct 13, 20266.60%▲ from 6.45%
- Sep 14, 20266.45%first recorded
Refinance Adjustable Rate Loan; Amount: $832,751 to $2,500,000
- Oct 10, 20266.62%▲ from 6.19%
- Sep 14, 20266.19%first recorded
No additional details available.
- Oct 15, 20266.65%▲ from 6.56%
- Oct 2, 20266.56%▲ from 6.51%
- Sep 25, 20266.51%first recorded
No additional details available.
- Oct 14, 20266.68%▲ from 6.13%
- Sep 18, 20266.13%▲ from 6.04%
- Sep 14, 20266.04%first recorded
APR reflects FICO 740 or higher, owner-occupied single-family primary residence in California, LTV 60% or less; Investment Property: add 0.50 basis points to Rate; LTV greater than 80%: add 0.25 basis points to Rate
FHA Loan Rates
Home Mortgage; Type: Fixed; Rates as of 10/14/2026
Mortgage; FHA; Rates Effective Date: October 13, 2026
FHA loan
- Oct 14, 20266.62%▼ from 7.89%
- Oct 7, 20267.89%▲ from 7.51%
- Oct 1, 20267.51%▼ from 7.76%
- Sep 27, 20267.76%▲ from 7.24%
As Low As; Effective Date: September 30, 2026; Example Loan Amount: $300,000; Example
Points 0.0
Points 0.0
As Low As
- Oct 2, 20266.84%▼ from 6.92%
- Sep 14, 20266.92%first recorded
Home Mortgage; Type: Fixed; Rates as of 10/14/2026
As Low As; Purchases and First Mortgage Refinances
- Oct 8, 20266.88%▲ from 6.63%
- Sep 25, 20266.63%▲ from 6.50%
- Sep 17, 20266.50%▲ from 6.38%
- Sep 12, 20266.38%first recorded
As Low As
Government; 1st Adj Rate N/A
No additional details available.
- Oct 14, 20266.96%▼ from 7.08%
- Sep 27, 20267.08%▲ from 6.58%
- Sep 18, 20266.58%▲ from 6.32%
- Sep 14, 20266.32%first recorded
No additional details available.
- Oct 14, 20266.96%▼ from 7.08%
- Sep 27, 20267.08%▲ from 6.58%
- Sep 18, 20266.58%▲ from 6.32%
- Sep 14, 20266.32%first recorded
Government; P&I per $100,000: $656.93
Rate Type: Fixed; Mortgage Loans; Effective Date 10-14-2026; All mortgage loans include a 1% origination fee and $350 processing fee and are based on 80% LTV of purchase price
- Oct 12, 20266.99%▼ from 7.13%
- Oct 8, 20267.13%▲ from 6.88%
- Oct 4, 20266.88%▼ from 7.13%
- Oct 2, 20267.13%▲ from 6.88%
No additional details available.
- Oct 11, 20267.00%▲ from 6.62%
- Sep 27, 20266.62%▼ from 6.65%
- Sep 15, 20266.65%first recorded
Refinance transaction; based on $187,500 loan amount, property value of at least $250,000; APR based on 750 credit score; 30-day lock; effective 10/14/2026
- Oct 15, 20267.01%▼ from 7.05%
- Oct 8, 20267.05%▲ from 6.84%
- Oct 4, 20266.84%▲ from 6.79%
- Oct 2, 20266.79%▲ from 6.69%
Additional APR listed for this product: 7.193%.
As Low As; 30-year rate shown; APR shown
- Oct 5, 20267.10%▲ from 6.85%
- Sep 25, 20266.85%▲ from 6.48%
- Sep 17, 20266.48%first recorded
No additional details available.
No additional details available.
VHFA (Vermont Housing Finance Agency) Saleable Mortgage Loans for Primary Residences-Servicing Released; Down Payment Assist funds available; Payment per $1000 not captured
No additional details available.
- Oct 14, 20267.16%▲ from 6.77%
- Sep 27, 20266.77%first recorded
Sample APR based on $400,000 loan amount, 25% down payment
- Oct 13, 20267.16%▲ from 7.14%
- Oct 2, 20267.14%▼ from 7.22%
- Sep 29, 20267.22%▲ from 7.16%
- Sep 25, 20267.16%▲ from 6.88%
As Low As; Rates as low as 6.75%; APR as low as 7.173%
- Oct 14, 20267.17%▼ from 7.30%
- Sep 30, 20267.30%first recorded
Mortgage Loans (Purchase); Effective October 13, 2026; APR includes approximately one discount point; TruStone membership required
Refinance only; loan amounts $50,000 - $1,249,125; par option shown (other options: 6.250% / 7.10% APR at 1.000 points; 6.750% / 7.44% APR at -1.000 points)
Purchase Rates; Rates current as of: October 9, 2026
No additional details available.
- Oct 2, 20267.25%▲ from 6.38%
- Sep 14, 20266.38%first recorded
FHA fixed-rate mortgage, purchase only; par option of 6.250%/7.17%/1.000 pts and 6.750%/7.51%/-1.000 pts also published; loan amounts $50,000 - $1,249,125; minimum down payment 3.5%; APR includes mortgage insurance and 15 days prepaid interest; rates effective 10/15/2026
No additional details available.
As Low As; Effective Date: September 30, 2026; Example Loan Amount: $300,000; Example
As Low As; Rate and APR as low as; Effective Date: October 8, 2026; Based on $175,000 loan amount, 740 credit score, 80% LTV
Fixed Rate Mortgage; based on $280,000 loan, owner-occupied, 80% LTV, FICO 740+
New home purchase
Rates effective 10/13/2026; Lender Fee 0.00%
- Oct 14, 20267.38%▼ from 7.41%
- Oct 10, 20267.41%▲ from 7.36%
- Oct 2, 20267.36%▼ from 7.38%
- Oct 1, 20267.38%▲ from 7.30%
No additional details available.
As Low As; Rates locked for 60 days; Loans with less than 20% down require private mortgage insurance
- Oct 2, 20267.39%▲ from 6.88%
- Sep 21, 20266.88%first recorded
VHFA (Vermont Housing Finance Agency) Saleable Mortgage Loans for Primary Residences-Servicing Released; Down Payment Assist funds available
No additional details available.
- Oct 13, 20267.41%▲ from 7.15%
- Sep 29, 20267.15%first recorded
As Low As
- Oct 2, 20267.41%▲ from 7.31%
- Sep 14, 20267.31%first recorded
Fixed Rate Mortgage; based on $280,000 loan, owner-occupied, 80% LTV, FICO 740+
*********
Sample APR based on $400,000 loan amount, 25% down payment
- Oct 13, 20267.47%▲ from 7.45%
- Oct 2, 20267.45%▼ from 7.49%
- Sep 29, 20267.49%▲ from 7.47%
- Sep 25, 20267.47%▲ from 7.07%
No additional details available.
- Oct 13, 20267.47%▼ from 7.60%
- Oct 9, 20267.60%▲ from 7.34%
- Oct 2, 20267.34%first recorded
Origination Fee: $1595
Rates effective 10/14/2026; FHA APR based on $400,000 loan with 3.5% down; rates based on purchase of a primary residence; rates include a 1% loan fee
Fixed Rate Mortgage; based on $280,000 loan, owner-occupied, 80% LTV, FICO 740+
As Low As; FHA; Rates and Annual Percentage Rates effective October 14, 2026
Conventional, FHA, and VA rates based on a $175,000 loan amount, 740 credit score, and 80% LTV; Effective Date: October 8, 2026
Effective Date: 10/01/2026; Rate/APR from Purchase / Refinance Rates
No homes on rented land
Saleable Mortgage Loans for 1-4 unit Residential Dwellings - Servicing Released
- Oct 11, 20267.53%▼ from 7.66%
- Oct 7, 20267.66%▲ from 7.53%
- Sep 27, 20267.53%first recorded
No additional details available.
FHA
- Oct 15, 20267.54%▼ from 7.66%
- Oct 12, 20267.66%▲ from 7.50%
- Sep 25, 20267.50%first recorded
Fixed Rate Mortgages
Payment Per $1,000: $6.65
- Oct 1, 20267.57%▲ from 7.45%
- Sep 27, 20267.45%first recorded
New home purchase
Effective Date: October 13, 2026
- Oct 13, 20267.60%▼ from 7.61%
- Oct 9, 20267.61%▼ from 7.69%
- Oct 5, 20267.69%▲ from 7.58%
- Sep 26, 20267.58%first recorded
VA Loan Rates
As Low As; Type: 3 year/1 year variable rate
As Low As; APR* as low as; 1% origination fee on 1st mortgages
- Oct 2, 20265.50%▲ from 5.15%
- Sep 14, 20265.15%first recorded
As Low As; APR* as low as; 1% origination fee on 1st mortgages
- Oct 2, 20265.75%▲ from 5.40%
- Sep 14, 20265.40%first recorded
As Low As; APR* as low as; 1% origination fee on 1st mortgages
- Oct 2, 20266.00%▲ from 5.65%
- Sep 14, 20265.65%first recorded
As Low As; APR* as low as; 1% origination fee on 1st mortgages
- Oct 2, 20266.25%▲ from 5.90%
- Sep 14, 20265.90%first recorded
Origination Fee: 0%
- Oct 10, 20266.25%▼ from 6.43%
- Sep 18, 20266.43%▲ from 6.30%
- Sep 14, 20266.30%first recorded
No down payment required; $1,600 closing costs; Minimum credit score 620; Certificate of Eligibility required; APR calculated on loan amount of $100,000
- Oct 13, 20266.46%▼ from 6.59%
- Oct 2, 20266.59%▲ from 6.46%
- Oct 1, 20266.46%▲ from 6.21%
- Sep 18, 20266.21%▲ from 6.08%
Owner occupied 1-4 unit purchase or refinance; APR includes 1% lender fee; Example loan $300,000,; effective 10/9/2026
- Oct 9, 20266.49%▲ from 6.09%
- Sep 14, 20266.09%first recorded
VA Loans; Mortgage Rates
Fixed-rate; Our purchase rates
Points 0.0
Points 0.0
Fixed-rate; Our purchase rates
Rate "As Low As"; APR "As Low As"; Example Loan Amount: $300,000; Example; Effective Date: September 30, 2026
VA Mortgages; sample: $400,000 loan amount, 25% down payment
**********
VA mortgage loan (VA Loan Rates table); APR* = Annual Percentage Rate
No additional details available.
Max LTV: 100%; Residential Mortgage - Portfolio; Rates Effective as of May 5, 2026; APR based on $100,000 loan for the specified term and includes fees of ($650 processing, $25 Flood Determination, $3,300 VA Funding)
No down payment required; $1,600 closing costs; Minimum credit score 620; Certificate of Eligibility required; APR calculated on loan amount of $100,000
- Oct 13, 20266.80%▼ from 6.93%
- Oct 2, 20266.93%▲ from 6.80%
- Oct 1, 20266.80%▲ from 6.55%
- Sep 18, 20266.55%▲ from 6.43%
Home Loans Over $832,750; Jumbo; Purchase; Adjustable rate (5/6 ARM)
- Oct 15, 20266.83%▲ from 6.75%
- Oct 13, 20266.75%▼ from 6.80%
- Oct 9, 20266.80%▲ from 6.75%
- Oct 5, 20266.75%▲ from 6.53%
As Low As
- Oct 2, 20266.84%▲ from 6.20%
- Sep 14, 20266.20%first recorded
Home Loans Over $832,750; Jumbo; Purchase; Adjustable rate (7/6 ARM)
- Oct 15, 20266.86%▲ from 6.80%
- Oct 13, 20266.80%▼ from 6.87%
- Oct 9, 20266.87%▲ from 6.80%
- Oct 5, 20266.80%▲ from 6.55%
Home Loans up to $832,750
VA loan
- Oct 14, 20266.87%▼ from 7.51%
- Oct 1, 20267.51%▼ from 7.89%
- Sep 27, 20267.89%▲ from 7.63%
- Sep 24, 20267.63%▲ from 7.38%
As Low As; Purchases and First Mortgage Refinances
- Oct 8, 20266.88%▲ from 6.63%
- Sep 25, 20266.63%▲ from 6.50%
- Sep 17, 20266.50%▲ from 6.38%
- Sep 12, 20266.38%first recorded
Home Loans up to $832,750
Rates as of Oct 13, 2026 ET. Rates subject to change.
Mortgage Rates; Rates effective August 15, 2026
No additional details available.
- Oct 11, 20267.00%▲ from 6.62%
- Sep 27, 20266.62%▼ from 6.65%
- Sep 15, 20266.65%first recorded
Interest Rate column 7.000%, APR column 7.347%; Number of Monthly Payments: 360; Monthly Principal & Interest Payment: $1,019.41 (payment example based on $150,000 loan); Current rates as of October 1, 2026; No discount points
As Low As; Construction & Lot Loan Rates; Rates are the lowest offered and based on approved credit; Adjustable APRs may increase or decrease after loan consummation, max APR 18%
Home Mortgage; Type: Fixed; Rates as of 10/14/2026
No additional details available.
Origination Fee: 0%
- Oct 10, 20267.02%▲ from 6.77%
- Sep 18, 20266.77%▲ from 6.64%
- Sep 14, 20266.64%first recorded
Max LTV: 100%; Residential Mortgage - Portfolio; Rates Effective as of May 5, 2026; APR based on $100,000 loan for the specified term and includes fees of ($650 processing, $25 Flood Determination, $3,300 VA Funding)
No additional details available.
- Oct 13, 20267.05%▲ from 6.79%
- Sep 29, 20266.79%first recorded
Rates as of Oct 13, 2026 ET. Rates subject to change.
As Low As; 30-year rate shown; APR shown
- Oct 5, 20267.10%▲ from 6.85%
- Sep 25, 20266.85%▲ from 6.48%
- Sep 17, 20266.48%first recorded
No additional details available.
Mortgage Loans (Purchase); Effective October 13, 2026; APR includes approximately one discount point; TruStone membership required
Down Payment: 0.00%
- Sep 29, 20267.12%▲ from 6.87%
- Sep 21, 20266.87%▲ from 6.74%
- Sep 18, 20266.74%▲ from 6.49%
- Sep 14, 20266.49%first recorded
Rates effective 10/13/2026; Lender Fee 0.00%
- Oct 14, 20267.12%▼ from 7.14%
- Oct 10, 20267.14%▼ from 7.20%
- Oct 2, 20267.20%▼ from 7.24%
- Oct 1, 20267.24%▲ from 7.14%
New home purchase
Credit score 780 or greater; 100% LTV; loans secured by property in Indiana
Loan Term (Months): 180; Available to credit scores 780 or greater and 90% LTV; based on loans secured by property in Indiana
As Low As; Based on 100% of purchase price; Rates based on $450,000 loan amount, purchase transaction, and 1% origination fee
- Oct 10, 20267.15%▲ from 6.87%
- Sep 22, 20266.87%first recorded
No homes on rented land
As Low As; Effective Date: October 8, 2026; Based on $175,000 loan amount, 740 credit score, 80% LTV
Owner occupied 1-4 unit purchase or refinance; APR includes 1% lender fee; Example loan $300,000,; effective 10/9/2026
- Oct 9, 20267.17%▲ from 6.88%
- Sep 14, 20266.88%first recorded
Rate and APR based on a 30 Year Fixed mortgage, $400,000 loan amount, with a 25% down payment
- Oct 13, 20267.17%▲ from 7.05%
- Oct 5, 20267.05%▲ from 6.64%
- Sep 14, 20266.64%first recorded
No additional details available.
- Oct 14, 20267.18%▲ from 6.80%
- Sep 14, 20266.80%first recorded
As Low As; Based on a $175,000 loan amount, 740 credit score, and 80% LTV
Government; 1st Adj Rate N/A
- Oct 15, 20267.20%▲ from 7.07%
- Oct 5, 20267.07%▼ from 7.33%
- Sep 29, 20267.33%first recorded
No additional details available.
No additional details available.
As Low As; Rate shown with 7.229% APR
- Oct 14, 20267.23%▼ from 7.38%
- Oct 7, 20267.38%▼ from 7.39%
- Oct 1, 20267.39%▲ from 7.20%
- Sep 27, 20267.20%▲ from 6.84%
No additional details available.
- Oct 14, 20267.23%▼ from 7.36%
- Oct 2, 20267.36%▲ from 7.23%
- Oct 1, 20267.23%▼ from 7.36%
- Sep 27, 20267.36%▲ from 6.85%
No additional details available.
- Oct 14, 20267.23%▼ from 7.36%
- Oct 2, 20267.36%▲ from 7.23%
- Oct 1, 20267.23%▼ from 7.36%
- Sep 27, 20267.36%▲ from 6.85%
Purchase; Rate starting at 7.125%; APR as low as 7.232%; APR includes 1% discount point
- Oct 13, 20267.23%▲ from 6.86%
- Sep 14, 20266.86%first recorded
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
Daily mortgage rate averages tracked across our database of verified mortgage rate quotes, updated every evening.
The national 30-year fixed average mortgage rate rose 0.014 points this week to 7.358%, according to MonitorBankRates trend data.
The national 15-year fixed average mortgage rate rose 0.013 points this week to 6.894%, according to MonitorBankRates trend data.
National Mortgage Rate Forecast, Next 12 Months
Where are U.S. mortgage rates headed through October 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) | 7.358% | $1,674 | — | 24.9% |
| 6-Month Forecast | 7.358% (7.01–7.66%) | $1,674 | +$0/mo | 24.9% |
| 12-Month Forecast | 7.608% (7.26–7.91%) | $1,715 | +$42/mo | 25.5% |
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 97.1 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 |
|---|---|---|---|
| 6.858% | 30-year fixed | $1,574 | $326,605 |
| 7.358% Current Avg | 30-year fixed | $1,655 | $355,743 |
| 7.858% | 30-year fixed | $1,737 | $385,441 |
| 6.894% | 15-year fixed | $2,143 | $145,738 |
A 0.500% rate increase on a $240,000 loan adds roughly $82 per month and over $29,698 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 24.6% 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 and home loan rates into real numbers for your specific situation, before you request quotes from mortgage lenders.
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 are home loan rates today?
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?
How do I compare mortgage lenders?
How do I get mortgage quotes?
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?
- Advance Financial Federal Credit Union: 5.625% (30-Year Fixed Mortgage)
- Institution for Savings: 5.625% (First-Time/Affordable Homebuyer Loan - 30 Year Fixed)
- Educational Employees Credit Union: 5.75% (30 Year Fixed Rate Jumbo - Primary Residence)
- Frost Bank: 5.75% (Frost Progress Mortgage Options - 30-year fixed-rate (Income-based))
- Florida Central Credit Union: 5.85% (Second Home Mortgage - 30 Year Fixed)
Mortgage Rates & Home Loan Rates by State
