Current Mortgage Rates July 2026 | As Low As 4.99%
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current 30-year fixed mortgage rates include Institution for Savings112 County Rd, Amesbury, MA, 01913A+5.0 ★Texas Ratio: 0.11% at 4.99%, 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%, Credit Union 1 Credit Union111 Lower Mill Bay Rd, Anchorage, AK, 99501 3411A+5.0 ★Texas Ratio: 5.48% at 5.38%, and Beacon Credit Union Incorporated107 Leroy Bowen Dr, Bedford, VA, 24012 7209A+5.0 ★Texas Ratio: 1.82% at 6.38%. Mortgage rates as of July 8, 2026 according to verified data from MonitorBankRates.
We compared 4,569 mortgage rates from 798 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: July 8, 2026
Compare Mortgage Rates Today Across the United States
30 Year Fixed Mortgage Rates
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Rates, terms, and monthly payments may vary based on credit qualifications, loan amount, loan-to-value ratio, occupancy, and other factors. Subject to credit approval. Membership eligibility required. Rates subject to change without notice.
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As Low As; Rates include all possible discounts. Contact us to determine which discounts apply to you.
Fixed rate
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Based on a $100,000 loan for the specified term; Income limitations apply; Maximum term: 30 years
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Fully Indexed Rate: N/A
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Includes Built-In End of Watch Loan Protection on Every Eligible Mortgage.
AS LOW AS; NO POINTS
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As Low As; Downpayment: 5%; PMI:
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Eligible homebuyers who meet income qualification guidelines may qualify for special pricing and reduced costs. Taxes and insurance will increase the total monthly payment obligation.â€
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60 DAY LOCK; as low as
15 Year Fixed Mortgage Rates
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As Low As
Buy or refinance and save with Plus up to $500 off closing costs!
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As Low As; Downpayment: 5%; PMI:
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As Low As
Up to 1.0 points**
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60 DAY LOCK; as low as
60 DAY LOCK; As Low As
As Low As; Fixed Rate
Based on a $100,000 loan for the specified term; Income limitations apply; Maximum term: 15 years
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1 Point Option
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As Low As
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View rates page for full disclosure details.
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5/1 ARM Mortgage Rates
80% LTV
80% LTV
As Low As; 5/5/5 ARM
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80% LTV
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As Low As; (rates include Jumbo loans)
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As Low As
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2/5 Caps
5.524 APR
As Low As; 5/1 ARM
Up to 1.0 points**
Initial Monthly Payment: $1,798.65 (Months 1-60); Maximum Monthly Payment: $2,103.00 (Months 61-360)
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30-Year Jumbo Mortgage Rates
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As Low As; Estimated Payment per $10,000: $107.91
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Loan Amount: $832,751 - $1,500,000
Fixed Rate
As low as; Rate: 5.750%
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Origination Fee: 0%
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Loan Amount: $832,751 - $1,500,000
As low as Rates
15-Year Jumbo Mortgage Rates
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As Low As; Estimated Payment per $10,000: $107.91
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Origination Fee: 0%
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As Low As
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As Low As; 5.625%
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Loan Amount: $832,751 - $1,500,000
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payment example
payment example
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Fixed Rate
As Low As; Estimated Payment per $10,000: $82.37
Loan Amount: $832,751 - $1,500,000
As low as Rates
As low as; Rate: 5.750%
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Origination Fee: 0%
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As low as Rates
Discount: 0.000%
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payment example
payment example
Loan Amount: $832,751 - $1,500,000
As low as; Estimated Payment: $7,029.33 per month for 15 years
As low as 6.000%
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As low as Rates
5/1 Jumbo ARM Mortgage Rates
As Low As
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As low as; Rate: 5.750%
Initial 60 payments of $4,599.86 at a rate of 5.250%. Then, based on the current index, 299 payments of $5,063.66 at a rate of 6.250% and 1 payment of $5,060.46 at a rate of 6.250%.
Initial 60 payments of $4,861.16 at a rate of 5.750%. Then, based on the current index, 299 payments of $5,097.33 at a rate of 6.250% and 1 payment of $5,094.01 at a rate of 6.250%.
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As low as 6.000% Rate; As low as 6.168% APR
FHA Loan Rates
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As Low As; Purchase
All stated mortgage rates are effective as of 7/02/2026 and are based on a home rate/term refinance transaction loan amount of $187,500 with a property value of at least $250,000 and repayments term as stated. APR is Annual Percentage Rate. Rates are subject to change and based on creditworthiness. Other rates may apply. The stated APR is the lender's standard rate for a borrower with a 750 credit score. The actual rate may vary depending upon each individual's credit history and transaction specific underwriting factors. 30-year term = 360 months and applies to 30-year conventional and FHA loans. 15-year term = 180 months and applies to 15-year conventional loans. 10-year term = 120 months and applies to 10-year conventional loans. All loan programs, rates, terms and conditions are subject to change at any time without notice. Rate scenarios are based on a 30-day lock.
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Fixed
6.763% APR for 30 Year term
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Origination Fee: $1595
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FHA Loans - (30-year rate shown); Rates are subject to change without notice.
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As Low As
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As Low As; Interest Rate: 5.625%
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Rates last updated on 06/24/2026 at 12:30 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.
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VA Loan Rates
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Rates subject to change daily. Loan rates based on creditworthiness and credit approval. Membership eligibility required.
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Loan Amount Example: $300,000.00; Monthly Payment Example: $2,531.57
As Low As
As Low As; Purchase
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Rates, terms, and fees as of 7/07/2026 10:15 AM Eastern Daylight Time and subject to change without notice. Based on a home in Austin, TX with a purchase price of $400,000 and a down payment of $80,000.
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VA Purchase 0% Down
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As Low As; Subject to credit approval. Some restrictions may apply.
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As Low As; Interest Rate: 5.625%
VA Loans - (30-year rate shown); Rates are subject to change without notice.
For a $250,000 Loan
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6.352% APR for 30 Year term
Origination Fee: $0
Monthly payments are for Principal and Interest only (no escrows) on a loan amount of $300,000 and an estimated property value of $600,000.
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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 0.004 points this week to 6.442%, according to MonitorBankRates trend data.
The national 15-year fixed average mortgage rate rose 0.006 points this week to 6.093%, according to MonitorBankRates trend data.
National Mortgage Rate Forecast — Next 12 Months
Where are U.S. mortgage rates headed through July 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) | 6.442% | $1,525 | — | 22.7% |
| 6-Month Forecast | 6.442% (6.09–6.74%) | $1,525 | +$0/mo | 22.7% |
| 12-Month Forecast | 6.042% (5.69–6.34%) | $1,462 | -$63/mo | 21.7% |
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 100.2 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 |
|---|---|---|---|
| 5.942% | 30-year fixed | $1,430 | $274,794 |
| 6.442% Current Avg | 30-year fixed | $1,508 | $302,815 |
| 6.942% | 30-year fixed | $1,587 | $331,460 |
| 6.093% | 15-year fixed | $2,037 | $126,720 |
A 0.500% rate increase on a $240,000 loan adds roughly $80 per month and over $28,644 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 22.4% 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.
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: 4.99% (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)
- Credit Union 1 Credit Union: 5.38% (30-Year Fixed First time Homebuyer)
- Beacon Credit Union Incorporated: 6.38% (30 Year Fixed Purchase)
Mortgage Rates by State
