Current Mortgage Rates October 2026 | As Low As 5.25% 30 Year Fixed
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
- Location-Based Rate Tables
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- Finance Calculators
Mortgage rates range from 4.50% (5/1 ARM) to 7.38% (FHA), verified by MonitorBankRates as of October 23, 2026. Current 30-year fixed mortgage rates include H & E Telephone Federal Credit Union (First Mortgage - 30 Year Fixed) at 5.25% APR, 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%, Frost Bank (Frost Progress Mortgage Options - 30-year fixed-rate (Income-based)) at 5.75%, and Thrive Federal Credit Union (30 Year Fixed Rate Mortgage) at 5.75%. Mortgage rates as of October 23, 2026 according to verified data from MonitorBankRates.
We compared 7,961 mortgage rates from 1,260 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 23, 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%
Minimum credit score 680; APR based on $550,000 purchase loan with minimum credit score 680 and maximum LTV 97%; first-time homebuyer program with minimum down payment 3%; income no greater than 120% of AMI; DTI no greater than 40%; Essex County condos or single-family primary residences only
30-year fixed rate; Income-based option. Homebuyers may qualify through either the income-based or location-based option; benefits cannot be combined. Example rates as of 10/5/26.
Homepage banner: New Fixed Rate Mortgage! 5.75%/ 5.848% APR*
No additional details available.
As Low As; Second Home Mortgage
APR as low as 6.193% as of 9/17/2026, based on a $50,000 purchase loan with minimum credit score of 750; Rate effective as of 9/22/2026
Fixed; APR based on $100,000 loan amount
As Low As; Limited time offer, applications received October 1-31, 2026; first-lien, 80% loan-to-value; minimum 720 credit score; primary residence; purchase, one-time-close construction-to-permanent, or refinance of loans not held by Radiant
As Low As; Featured Rates (home page)
- Sep 18, 20266.00%▼ from 8.00%
- Sep 14, 20268.00%first recorded
No additional details available.
Welcome Home loans are only available for first-time homebuyers; subject property must be an owner-occupied single-family, two-family, or condominium in Chicopee, Holyoke, or Springfield, MA; Lender credit toward closing costs; processing fee waived; PMI waived; discounted interest rate; up to 100% financing; Welcome Home loan APRs assume a $100,000 mortgage; Homeowner's and Flood Insurance (if applicable) required
- Sep 27, 20266.06%▲ from 5.68%
- Sep 15, 20265.68%first recorded
Minimum Down Payment: 5%; Estimated Payment Per $1,000: $6.00; APR based on $180,000 loan with 20% equity; owner occupied 1-4 family, purchase or refinance; Rates Effective 9/17/26
Home Loans; Origination processing fee: $695.00; APR based on $250,000 loan, 80% LTV, FICO 730+, 60-day rate lock
Rate Lock Days: 120; Discount: Reduce Interest Rate by 0.500% for properties purchased in 50% Majority-Minority, Low Income, or Moderate Income Census Tracts and Affordable Units purchased through an approved Affordable Housing agency; Rate quoted with $2,500.00 closing cost credit per footnote
Loan Term: 30-Year Fixed; Monthly payment (P&I) $1,199.10 on $200,000 loan; taxes and insurance not included; borrower must maintain share account of at least 1% of financed amount
Mortgage loan; APR shown is the lowest available rate; rates depend on individual creditworthiness
As Low As; 30-year fixed rates starting at 6.054% APR; Mortgage programs offered through Member First Mortgage, LLC (MFM)
Up to 89% financing with no mortgage insurance required.
Conventional Loans; Rates information accurate as of August 20, 2026
No additional details available.
10 year call
As Low As; Real Estate Loan Rates; Effective 10/1/2026
- Oct 10, 20266.24%▲ from 5.49%
- Sep 18, 20265.49%first recorded
As Low As; 30 Year Fixed Rate
As Low As; 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
Call Shannon at 816-324-1414 or Jessica at 816-279-5656 to help you with your mortgage loan
As Low As; Section: Mortgage; Effective October 1, 2026
- 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 charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20266.25%▲ from 5.90%
- Sep 14, 20265.90%first recorded
Loan Amounts: Up To $250,000; Special homeowner loan, borrowers must meet income eligibility; no fees; Owner occupied 1-4 family in Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county NJ; Contact Us to apply
Purchase of Primary Residence Only; Single Family Dwelling; Maximum Loan to Value 97%; Income Limits Apply; Funds limited to purchases in Montgomery, Berks, Bucks, Delaware and Chester Counties; Rate Lock: 60 days
Portfolio; Jumbo; P&I per $100,000: $615.72
- Oct 19, 20266.28%▲ from 5.78%
- Sep 29, 20265.78%first recorded
Fixed rate; amounts up to $832,750; Rates effective September 21, 2026
Portfolio; P&I per $100,000: $615.72
- Oct 19, 20266.41%▲ from 5.90%
- Sep 29, 20265.90%first recorded
As Low As; Rate shown as 'As low as 6.25%', APR shown as 'As low as 6.448%'
Rates effective 10/01/26
Current home lending rates; APR as low as; Rates and Terms are subject to credit approval.
As Low As; APR as low as 6.280%; Rates and terms are subject to credit approval
Up to 80% Loan to Value; 30 Year Fixed (or 360 monthly payments)
Term: 30 Year Fixed (or 360 monthly payments); Up to 80% Loan to Value (up to 97% with PMI); APR based on $100,000.00 loan amount; $100,000 loan payment $622.24; Rates effective as of 9/22/2026
As Low As; Mortgage
Fixed Rate; First-Time Homebuyer Mortgage Program; rates as of 10-21-2026
No additional details available.
Assumptions: credit score 740 or higher; LTV 80% (20% down); loan amount $150,000; purchase; owner occupied/single family; no secondary financing; escrow for taxes and insurance; 60-day lock; finance charges include $1150 origination fee, $10.95 flood certification fee and $94 tax service fee
No additional details available.
- Oct 19, 20266.51%▼ from 6.63%
- Oct 10, 20266.63%▼ from 6.76%
- Oct 1, 20266.76%▲ from 6.63%
- Sep 27, 20266.63%▲ from 6.25%
No additional details available.
- Oct 19, 20266.51%▼ from 6.63%
- Oct 14, 20266.63%▼ from 6.76%
- Oct 10, 20266.76%▼ from 7.01%
- Oct 2, 20267.01%▲ from 6.88%
Purchase loan, $200,000 loan amount, Winston-Salem NC; 30 day rate lock; 780 credit score assumed
Partners rate shown on rate comparison tool
- Oct 23, 20266.48%▲ from 6.06%
- Sep 14, 20266.06%first recorded
As Low As; Finance up to 80% of the appraised property value; Proof of homeowners insurance required; Subject to change
Estimated Closing Costs: $6,005.00; APR assumes $175,000 purchase loan, 80% LTV, FICO 730+, zero point options; loan amounts under $100,000 may carry a higher APR
No additional details available.
Purchase or Refinance; 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
Listed as 6.50% - 0 Points; all quoted loan rates are APR
APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20266.50%▲ from 6.35%
- Sep 14, 20266.35%first recorded
LTV: 90%; Tier: A+; $400 non-refundable application fee; 31 day rate lock; minimum loan $10,000; no annual fees; $1,000 closing cost credit allowance for new mortgages
6.50% - 0 Points; All quoted loan rates are APR rates
No additional details available.
VA Loans; Rate information is accurate as of October 9, 2026
Based on 20% downpayment and/or 80% LTV; owner occupied single family only; minimum loan amount $100,000; First Time Buyers receive $300 off closing costs
As Low As; APR as low as 6.505%; Rates as of: Monday, October 19, 2026
15 Year Fixed Mortgage Rates
Effective Date: August 28, 2025; Rates are based on Beacon score of 730 or higher
No additional details available.
As Low As; Max LTV: Up to 95%
As Low As; Owner Occupied
As Low As; 15 Year Fixed Rate
As Low As; Section: Mortgage; Effective October 1, 2026
- Oct 2, 20265.50%▲ from 5.00%
- Oct 1, 20265.00%▼ from 5.25%
- Sep 18, 20265.25%first recorded
Rate shown with asterisk on homepage; view rates page for full disclosure details
No additional details available.
Fixed; APR based on $100,000 loan amount
Type of 1st Mortgage
No additional details available.
Home Loans; Origination processing fee: $695.00; APR based on $250,000 loan, 80% LTV, FICO 730+, 60-day rate lock
From 80.01% - 100.00% LTV; Monthly P&I Payment:; Rates effective as of 10/1/2026
Amortization: 15 years; EFF APR calculated using $150,000 mortgage borrowed; Rates quoted are VCCU's lowest for the listed collateral and term
- Oct 1, 20265.66%▲ from 5.40%
- Sep 16, 20265.40%first recorded
From 80.01% - 100.00% LTV; Monthly P&I Payment:; Rates effective as of 10/1/2026
Estimated APR; Payment example based on APR: $2,066.27; based on $250,000 loan, principal and interest only; APR effective as of 10/1/26
Estimated APR; APR effective as of 10/1/26; payment example $2,066.27 on $250,000 loan (principal and interest only)
As Low As; Mortgage rates effective as of 9/30/2026; Rates, terms and conditions vary based on credit score
As Low As; Mortgage rates effective as of 9/30/2026
Payments/$1K financed: $8.17; Based on $200,000 purchase price, 20% down, $160,000 loan amount
Purchase loan, $200,000 loan amount, Winston-Salem NC; 30 day rate lock; 780 credit score assumed
From 80.01% - 100.00% LTV; Monthly P&I Payment:; Rates effective as of 10/1/2026
No additional details available.
Mortgage loan; APR shown is the lowest available rate; rates depend on individual creditworthiness
Fixed rate; Mortgage Rates NMLS# 411945; Rates effective as of July 1st, 2026
Call Shannon at 816-324-1414 or Jessica at 816-279-5656 to help you with your mortgage loan
Purchase or Refinance; 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; APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20265.75%▲ from 5.40%
- Sep 14, 20265.40%first recorded
Origination Fee: 1.00%
First Mortgage - Primary Residence Only
Loan to Value: 80%; Origination: .50%; First mortgage based on $175,000 loan amount, purchase transaction
No additional details available.
Rate lock cutoff 4:00 PM ET; based on $250,000 loan, purchase, 780 credit score, 80% LTV; includes 0.50 pt promotional discount with FAIRWINDS checking (direct deposit of at least $500 or automatic mortgage payments)
As Low As; Finance up to 80% of the appraised property value; Proof of homeowners insurance required; Subject to change
Current home lending rates; APR as low as; Rates and Terms are subject to credit approval.
As Low As; APR as low as 5.852%; Rates and terms are subject to credit approval
Up to 80% Loan to Value; 15 Year Fixed (or 180 monthly payments)
Payment Example: $1,634.17 per $200,000.00 loan; excellent credit, loan-to-value up to 80%; taxes and insurance not included
1st Mortgage Only; 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; 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
Up to 80.00% LTV; Monthly P&I Payment:; Rates effective as of 10/1/2026
Effective Date: October 19, 2026; Terms and Conditions
Rates effective 10/22/2026; displayed rates reflect a limited-time discount of 1.50 discount points; advertised rates are 'as low as' rates; minimum down payment not stated for this table; Hawaii residents and Hawaii properties only
- Oct 23, 20265.92%▼ from 6.17%
- Oct 15, 20266.17%first recorded
Loan Amount: $165,000; Payment: $1,359.16; Discount Points AMT: $1,414.75; Lock Period: 45 days; Origination Fee: .00%
Up to 80.00% LTV; Monthly P&I Payment:; Rates effective as of 10/1/2026
Estimated Closing Costs: $5,960.00; APR assumes $175,000 purchase loan, 80% LTV, FICO 730+, zero point options; loan amounts under $100,000 may carry a higher APR
Up to 80.00% LTV; Monthly P&I Payment:; Rates effective as of 10/1/2026
As Low As
As Low As; Fixed rate
As Low As; See Credit Union for limitations and more info
Listed as 6.00% - 0 Points; all quoted loan rates are APR
APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20266.00%▲ from 5.85%
- Sep 14, 20265.85%first recorded
LTV: 90%; Tier: A+; $400 non-refundable application fee; 31 day rate lock; minimum loan $10,000; no annual fees; $1,000 closing cost credit allowance for new mortgages
6.00% - 0 Points; All quoted loan rates are APR rates
As Low As; Points: 0
Mortgage/Land Loan; Loans available on primary residence, secondary residence, or investment property in Missouri; APR assumes $100,000 loan amount and monthly repayment
Loan Amounts: Up To $250,000; Special homeowner loan, borrowers must meet income eligibility; no fees; Owner occupied 1-4 family in Mercer, Bergen, Passaic, Hudson, Middlesex, Essex, Morris, Union or Somerset county NJ; Contact Us to apply
As Low As; Second Home Mortgage
As Low As; Rate shown as 'As low as 6.000%', APR shown as 'As low as 6.010%'
Rates effective 10/01/26
5/1 ARM Mortgage Rates
As Low As; Adjustable Rate Mortgage 5/1; Rates subject to increase or decrease after Initial Fixed Period; Loans over $832,750 may be subject to different rates
Initial APR; footnote: APR assumes 30-year term, 2/6 caps, $300,000 loan, 80% LTV, 1% origination fee
Base Rate 5.000%; Initial APR 5.114%; 30-year term, 2% annual / 6% lifetime caps
- Oct 23, 20265.11%▲ from 4.61%
- Oct 13, 20264.61%first recorded
Rate fixed for 60 months; annual adjustment cap 2% after 60 months; maximum adjustment for life of loan 4.0%; effective January 15, 2026; rates may vary based on credit score and/or term
Index: WSP + 0%
Rates effective 10/01/26
Max LTV: <=80%; Primary Dwelling or Second Home; Rate fixed for first five years, adjusts annually beginning on 5th anniversary; 2% max annual adjustment; 6% lifetime cap; 1% origination fee, actual closing costs and appraisal fee may apply
A+ Rated Credit; Max LTV: <=80%; Rate fixed first 5 years, adjusts annually after; 2% max annual adjustment; 6% lifetime cap; Primary Dwelling or Second Home
With closing costs / 0 points
Max LTV: 90%; Primary Dwelling or Second Home; Rate fixed for first five years, adjusts annually beginning on 5th anniversary; 2% max annual adjustment; 6% lifetime cap; 1% origination fee, actual closing costs and appraisal fee may apply
A+ Rated Credit; Max LTV: 90%; Rate fixed first 5 years, adjusts annually after; 2% max annual adjustment; 6% lifetime cap; Primary Dwelling or Second Home
As Low As; Interest Rate (As Low As) 5.49%; APR* 5.55%; Initial rate in effect for first 60 months, then APR adjusts annually; Maximum term 300 months; Owner occupied properties only; APR based on $50,000 loan at 70% LTV with $650.00 processing fee (Preferred Relationship discount)
Loan to Value: 80%; Origination: 0%; Adjustable rate mortgage based on $175,000 loan amount, purchase transaction
Quoted rates assume purchase money mortgage, single-family, owner-occupied dwelling, $150,000 loan on $200,000 purchase price, 30-day lock, minimum credit score 740
Max LTV: 90%; Primary Dwelling or Second Home; Rate fixed for first five years, adjusts annually beginning on 5th anniversary; 2% max annual adjustment; 6% lifetime cap; 1% origination fee, actual closing costs and appraisal fee may apply
A Rated Credit; Max LTV: 90%; Rate fixed first 5 years, adjusts annually after; 2% max annual adjustment; 6% lifetime cap; Primary Dwelling or Second Home
Rates effective June 3, 2026; 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 based on 30-day average SOFR index; APR calculated on a $100,000 loan; based on A+ credit rating
30-Year Jumbo Mortgage Rates
Jumbo Mortgage (Greater than $832,750); Note Rate (as low as); APR (as low as)
Effective Date: January 28, 2026; Payment: $3,639.81; 1st Adj Rate: N/A; 1st Adj Payment: N/A; 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
Jumbo rates calculated assuming 25% down and a loan amount of $832,800; APR assumes loan closes on last day of month
As Low As; Rates as of October 19, 2026; Origination/Discount Fee: 0.750%; California only, LTV less than 80%, excellent credit
No additional details available.
Loan amounts greater than $832,750
- Oct 2, 20266.19%▲ from 5.94%
- Sep 20, 20265.94%▲ from 5.69%
- Sep 14, 20265.69%first recorded
As Low As; Rates as of October 19, 2026; Origination/Discount Fee: 0.750%; California only, LTV less than 80%, excellent credit
Jumbo Rate; rate lock cutoff 4:00 PM ET; based on $832,750 loan, purchase, 780 credit score, 80% LTV; includes 0.50 pt promotional discount with FAIRWINDS checking (direct deposit of at least $500 or automatic mortgage payments)
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20266.25%▼ from 6.65%
- Sep 20, 20266.65%first recorded
Portfolio; Jumbo; P&I per $100,000: $615.72
- Oct 19, 20266.28%▲ from 5.78%
- Sep 29, 20265.78%first recorded
As Low As; Jumbo loan; Example Loan Amount $850,000; Example
No additional details available.
No additional details available.
Effective Date: January 28, 2026; Payment: $4,108.44; 1st Adj Rate: N/A; 1st Adj Payment: N/A; 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
No additional details available.
Loan Amount: $832,751 - $1,500,000; Jumbo rates available with a maximum 80% LTV
No additional details available.
15-Year Jumbo Mortgage Rates
Jumbo Mortgage (Greater than $832,750); Note Rate (as low as); APR (as low as)
Effective Date: January 28, 2026; Payment: $3,639.81; 1st Adj Rate: N/A; 1st Adj Payment: N/A; 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
Jumbo rates calculated assuming 25% down and a loan amount of $832,800; APR assumes loan closes on last day of month
Jumbo Rate; rate lock cutoff 4:00 PM ET; based on $832,750 loan, purchase, 780 credit score, 80% LTV; includes 0.50 pt promotional discount with FAIRWINDS checking (direct deposit of at least $500 or automatic mortgage payments)
As Low As; Rates as of October 19, 2026; Origination/Discount Fee: 0.750%; California only, LTV less than 80%, excellent credit
As Low As; Rates as of October 19, 2026; Origination/Discount Fee: 0.750%; California only, LTV less than 80%, excellent credit
No additional details available.
Jumbo rates calculated assuming 25% down and a loan amount of $832,800; APR assumes loan closes on last day of month
No additional details available.
No additional details available.
Loan amounts greater than $832,750
- Oct 2, 20266.19%▲ from 5.94%
- Sep 20, 20265.94%▲ from 5.69%
- Sep 14, 20265.69%first recorded
As Low As; Rates as of October 19, 2026; Origination/Discount Fee: 0.750%; California only, LTV less than 80%, excellent credit
No additional details available.
Jumbo Rate; rate lock cutoff 4:00 PM ET; based on $832,750 loan, purchase, 780 credit score, 80% LTV; includes 0.50 pt promotional discount with FAIRWINDS checking (direct deposit of at least $500 or automatic mortgage payments)
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20266.25%▼ from 6.65%
- Sep 20, 20266.65%first recorded
Portfolio; Jumbo; P&I per $100,000: $615.72
- Oct 19, 20266.28%▲ from 5.78%
- Sep 29, 20265.78%first recorded
As Low As; Jumbo loan; Example Loan Amount $850,000; Example
No additional details available.
Fee: 0.500%
Loan amounts over $832,750; fixed and/or variable rates; advertised APR; discount not available for loans over $1,000,000
Effective 10/21/2026; rate assumes loan amount of $832,751 or greater; ALPA discount of 0.125% available
No additional details available.
Jumbo loan; rates are as low as shown; APR=Annual Percentage Rate
- Oct 19, 20266.40%▼ from 6.53%
- Oct 10, 20266.53%first recorded
Based on 20% downpayment and/or 80% LTV; owner occupied single family only; minimum loan amount $100,000; First Time Buyers receive $300 off closing costs
EMP / $1,000: $8.64; APR based on $850,000 loan amount
- Oct 21, 20266.42%▲ from 6.17%
- Oct 7, 20266.17%▲ from 6.05%
- Sep 24, 20266.05%first recorded
Jumbo loan (greater than $832,751.00); APR assumes 20% down payment; Maximum loan amount $832,750.00; Schedule an Appointment
As Low As; Jumbo loan; Example Loan Amount $850,000; Example
Effective Date: January 28, 2026; Payment: $4,108.44; 1st Adj Rate: N/A; 1st Adj Payment: N/A; 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
- Oct 2, 20266.47%▲ from 6.22%
- Sep 20, 20266.22%▲ from 5.96%
- Sep 14, 20265.96%first recorded
No additional details available.
Loan Amount: $832,751 - $1,500,000; Jumbo rates available with a maximum 80% LTV
As Low As; Loan amounts greater than $832,750; Rates based on 80% loan to value; Financing available up to 90% loan to value; Origination fees may apply; Construction phase up to 1 year in addition to terms listed
- Oct 23, 20266.51%▼ from 6.90%
- Sep 20, 20266.90%first recorded
Jumbo Mortgages (Greater than $832,750); Fixed Rate; Est. APR based upon a 0% Service Fee
Conventional Fannie Mae mortgage; Origination Fee or Lender Credit 0.000%; Rates for loan amounts over $100,000, 780+ credit score, LTV 80% or less, 60-day rate lock
Jumbo; Origination Fee or Lender Credit: 0.000%
- Oct 23, 20266.52%▼ from 6.77%
- Oct 12, 20266.77%▲ from 6.65%
- Oct 8, 20266.65%first recorded
Fixed Rate Mortgage; 180 monthly payments; P&I per $1,000 Borrowed $8.72; Autopay rate (non-autopay rates are .25% higher)
Fixed rate; amounts up to $1,500,000; Rates effective September 21, 2026
No additional details available.
5/1 Jumbo ARM Mortgage Rates
As Low As; Interest rate 5.500%, APR 5.688%; 5/1 adjustable-rate mortgage
As Low As; Estimated Payment per $10,000: $59.96; Loan amounts greater than $832,750; 5/5 adjustable-rate mortgage; minimum down payment 5%
- Oct 2, 20266.04%▲ from 5.79%
- Sep 20, 20265.79%▲ from 5.54%
- Sep 14, 20265.54%first recorded
As Low As; Min. Down Payment: 10%; Terms Available: Fixed: 15, 20, 30; ARMS: 5, 7, 10 Year Initial Fixed Rate Periods; 5-year initial fixed rate period
Jumbo mortgage; 5/5 ARM
- Oct 19, 20266.12%▲ from 6.10%
- Oct 13, 20266.10%▼ from 6.13%
- Sep 29, 20266.13%▲ from 5.88%
- Sep 22, 20265.88%▲ from 5.68%
Margin: 2.500%; Caps: 2/2/6; Est. payment per $1,000: $6.08
Margin: 2.375%; Caps: 2/2/5; Est. payment per $1,000: $6.16
As Low As; Jumbo loan (loans over $766,550); Current Calculation of Rate Remaining Term: 7.000%; Rate fixed 5 years then adjusts every 5 years; Up to 97% LTV for first-time homebuyers, 95% for other purchases
As Low As; Effective October 1, 2026
- Oct 19, 20266.48%▼ from 6.75%
- Sep 14, 20266.75%first recorded
As Low As; Effective October 1, 2026
Loan amount: $832,751 to $2,500,000; California properties only
- Oct 19, 20266.52%▼ from 6.57%
- Oct 2, 20266.57%▲ from 6.49%
- Sep 27, 20266.49%▲ from 6.32%
- Sep 18, 20266.32%▲ from 6.24%
Amount: $832,751 to $2,500,000
Rate as low as 6.375%; based on a $1,200,000 loan amount with 80% CLTV and FICO>=740; 5% rate cap for one-time adjustment; primary or secondary owner-occupied; rate and payment may increase after consummation
- Oct 23, 20266.60%▲ from 6.58%
- Sep 25, 20266.58%▲ from 6.20%
- Sep 17, 20266.20%▲ from 6.18%
- Sep 14, 20266.18%first recorded
Adjustable-Rate Mortgage; Jumbo ARM; Term: 5/1 Jumbo ARM
- Oct 13, 20266.60%▲ from 6.45%
- Sep 14, 20266.45%first recorded
APR (As Low As); Jumbo loans apply to loans greater than $750,000; requires LTV of 80% or less and credit score of 720 or higher; rates effective as of 10/19/2026
FHA Loan Rates
Type: Fixed
Rates effective October 18, 2026; APR = Annual Percentage Rate
As Low As; Rates updated at 8:00 MST on October 20th, 2026
- Oct 23, 20266.50%▼ from 7.00%
- Oct 2, 20267.00%first recorded
Type: Fixed
No additional details available.
- Oct 20, 20266.62%▼ from 7.51%
- Oct 20, 20267.51%▲ from 6.62%
- Oct 14, 20266.62%▼ from 7.89%
- Oct 7, 20267.89%▲ from 7.51%
Mortgage Rates; rates assume credit scores of 740 and above and loan amounts between $126,000 and $647,200
Rate "As Low As"; APR "As Low As"; Example loan amount $300,000; Example; Effective Date: September 30, 2026
Rates accurate as of October 19, 2026
Rates accurate as of October 19, 2026
FHA; based on maximum allowable loan to value ratio of 96.50%; Payment: $1,621.50; Last updated October 21 2026
As Low As; Home Loan Rates
- Oct 2, 20266.84%▼ from 6.92%
- Sep 14, 20266.92%first recorded
Rate Type: Fixed; Purchase; 1% origination fee and $350 processing fee; based on 80% LTV of purchase price; Effective Date 10-22-2026
- Oct 23, 20266.88%▼ from 6.99%
- Oct 12, 20266.99%▼ from 7.13%
- Oct 8, 20267.13%▲ from 6.88%
- Oct 4, 20266.88%▼ from 7.13%
Refinance rate; effective 10/22/2026; based on $187,500 loan with property value of at least $250,000; APR based on 750 credit score
- Oct 23, 20266.88%▼ from 7.01%
- Oct 15, 20267.01%▼ from 7.05%
- Oct 8, 20267.05%▲ from 6.84%
- Oct 4, 20266.84%▲ from 6.79%
As Low As
Government
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
No additional details available.
- Oct 11, 20267.00%▲ from 6.62%
- Sep 27, 20266.62%▼ from 6.65%
- Sep 15, 20266.65%first recorded
FHA, Rural Development, VA loan rates based on $400,000 loan amount, 96.5% loan to value, 780+ credit score, and a 30 day lock. Rates effective as of October 20, 2026.
- Oct 21, 20267.02%▲ from 6.76%
- Sep 27, 20266.76%first recorded
Purchase mortgage; Effective October 19, 2026
- Oct 19, 20267.05%▼ from 7.17%
- Oct 14, 20267.17%first recorded
Refinance Rates; FHA; Rates current as of October 16, 2026
Government; FHA; P&I per $100,000: $656.93
As Low As; 30-year rate shown; Rate shown as APR*
- 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.
- Oct 19, 20267.11%▼ from 7.16%
- Oct 9, 20267.16%▼ from 7.22%
- Oct 5, 20267.22%first recorded
Mortgage Rates; Payment: $1314; Based on $200,000 loan amount and 40% down
- Oct 14, 20267.16%▲ from 6.77%
- Sep 27, 20266.77%first recorded
Fixed Rate Mortgage; based on $280,000 loan, owner-occupied, 80% LTV, FICO 740+
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
Origination Fee: $1595; Type: FHA Loan; 96.5% LTV; 80% LTV Cash-out Refinance
Refinance only; par option (0.000 points) shown; other options: 6.250% at 7.10% APR with 1.000 points, 6.750% at 7.44% APR with -1.000 points; loan amounts $50,000 - $1,249,125; estimated payment per $1,000 $8.93 (payment column ignored)
Rates include 1% origination fee.
- Oct 19, 20267.21%▼ from 7.47%
- Oct 13, 20267.47%▼ from 7.60%
- Oct 9, 20267.60%▲ from 7.34%
- Oct 2, 20267.34%first recorded
FHA Mortgage; Payment: $2,438.02 per month (principal and interest)
As Low As; Purchase; loan amount $225,000; estimated property value $375,000; primary residence; existing single family home; escrow (impound) account required; 60-day rate lock; assumed credit score 740
Home Mortgage Loans; APR*: 7.25%; base rates assume a 1% discount point, adjustments may apply
- Oct 2, 20267.25%▲ from 6.38%
- Sep 14, 20266.38%first recorded
Purchase rates; loan amounts $50,000 - $1,249,125; APR includes mortgage insurance; other point options: 1.000 points at 6.250% rate / 7.17% APR, -1.000 points at 6.750% rate / 7.51% APR
- Oct 23, 20267.26%▲ from 7.19%
- Oct 13, 20267.19%first recorded
Minimum down: 3.500%; Rates based upon 740 credit score and 3.5% down payment; APR = Annual Percentage Rate
VA loans require a VA funding fee.
Fixed Rate Mortgage; based on $280,000 loan, owner-occupied, 80% LTV, FICO 740+
FHA / VA mortgage; rate shown as 7.125 / 7.292 APR
Rate as low as 6.750%; APR as low as 7.295%; based on loan amount of $175,000, credit score of 740, and 80% LTV
- Oct 19, 20267.30%▼ from 7.35%
- Oct 2, 20267.35%▲ from 7.30%
- Sep 30, 20267.30%first recorded
As Low As; Purchase; loan amount $225,000; estimated property value $375,000; primary residence; existing single family home; escrow (impound) account required; 60-day rate lock; assumed credit score 740
FHA
- Oct 20, 20267.34%▼ from 7.65%
- Oct 1, 20267.65%▲ from 7.27%
- Sep 27, 20267.27%▲ from 6.38%
- Sep 15, 20266.38%first recorded
Rate "As Low As"; APR "As Low As"; Example loan amount $300,000; Example; Effective Date: September 30, 2026
No additional details available.
- Oct 19, 20267.35%▼ from 7.45%
- Oct 9, 20267.45%▼ from 7.48%
- Oct 5, 20267.48%first recorded
Fixed Rate Mortgage; based on $280,000 loan, owner-occupied, 80% LTV, FICO 740+
New home purchase
Rates as of 10/20/2026; Rates include a 1% loan fee; FHA APR based on $400,000 loan with 3.5% down
Rates effective 10/22/2026; Rates include a 1% loan fee, based on $400,000 loan with 20% down payment; FHA APR based on $400,000 loan with 3.5% down; Rates are based on purchase of a primary residence
- Oct 23, 20267.38%▼ from 7.49%
- Oct 12, 20267.49%first recorded
Mortgage rates effective 10/19/2026; Lender Fee: 0.00%; Estimated Payment:
- 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%
As Low As; As of October 1, 2026; Rates locked for 60 days; PMI required with less than 20% down
VHFA (Vermont Housing Finance Agency) Saleable Mortgage Loans for Primary Residences-Servicing Released
- Oct 20, 20267.40%▲ from 7.14%
- Oct 1, 20267.14%▲ from 6.64%
- Sep 15, 20266.64%first recorded
VA loans require a VA funding fee.
No additional details available.
- Oct 13, 20267.41%▲ from 7.15%
- Sep 29, 20267.15%first recorded
As Low As; Home Loan Rates
- Oct 2, 20267.41%▲ from 7.31%
- Sep 14, 20267.31%first recorded
FHA loans require 3.5% down; Rates as of September 30, 2026
No additional details available.
No additional details available.
VA Loan Rates
As Low As; Type: 3 year/1 year variable rate
As Low As; APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20265.50%▲ from 5.15%
- Sep 14, 20265.15%first recorded
As Low As; APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20265.75%▲ from 5.40%
- Sep 14, 20265.40%first recorded
As Low As; APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- Oct 2, 20266.00%▲ from 5.65%
- Sep 14, 20265.65%first recorded
As Low As; APR as low as; 1% Origination Fee charged on all 1st Mortgages. Other fees may apply that could affect the final APR.
- 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
VA Mortgage Products; No down payment required; $1,600 closing costs; Minimum credit score 620; Certificate of Eligibility required; APR calculated on loan amount of $100,000
Example loan $300,000; effective date 10/16/2026; owner occupied 1-4 unit purchase or refinance; APR includes 1% lender fee
No additional details available.
No additional details available.
VA Loans; Rate information is accurate as of October 9, 2026
As Low As; Points 0.0
No additional details available.
As Low As; Points 0.0
No additional details available.
Mortgage Rates; rates assume credit scores of 740 and above and loan amounts between $126,000 and $647,200
As Low As; Rates updated at 8:00 MST on October 20th, 2026
- Oct 23, 20266.63%▼ from 6.88%
- Oct 2, 20266.88%first recorded
Type: Fixed
Rate "As Low As" 6.500%; APR "As Low As" 6.646%; Example Loan Amount $300,000; Example; Effective Date: September 30, 2026; Rates based on creditworthiness
Rate: 6.125%; APR: 6.666%; based on $400,000 loan amount with 25% down payment
Rates as of September 30, 2026
VA Mortgage Products; No down payment required; $1,600 closing costs; Minimum credit score 620; Certificate of Eligibility required; APR calculated on loan amount of $100,000
VA Mortgage Loans; table row label: VA 30
Effective October 1, 2026; Rate and APR shown as low as
Max LTV: 100%; APR based on $100,000 loan for the specified term and includes fees ($650 processing, $25 Flood Determination, $3,300 VA Funding)
Max LTV: 100%; Residential Mortgage - Portfolio, Primary Residence & One Unit Second Homes; APR based on $100,000 loan incl. VA funding fee
Home Loans Over $832,750; Rate Effective Date: October 23, 2026
- Oct 23, 20266.78%▼ from 6.83%
- Oct 15, 20266.83%▲ from 6.75%
- Oct 13, 20266.75%▼ from 6.80%
- Oct 9, 20266.80%▲ from 6.75%
As Low As; Rates as of Oct 19, 2026 ET. Rates subject to change. Available exclusively to eligible Servicemembers, Veterans and their spouses. No down payment is required.
Home Loans Over $832,750; Rate Effective Date: October 23, 2026
- Oct 23, 20266.80%▼ from 6.86%
- Oct 15, 20266.86%▲ from 6.80%
- Oct 13, 20266.80%▼ from 6.87%
- Oct 9, 20266.87%▲ from 6.80%
VA program; Points are a percentage of the loan amount
up to $832,750; Home Loans up to $832,750; Rate Effective Date: October 23, 2026
As Low As; Home Loan Rates
- Oct 2, 20266.84%▲ from 6.20%
- Sep 14, 20266.20%first recorded
up to $832,750; Home Loans up to $832,750; Rate Effective Date: October 23, 2026
No additional details available.
- Oct 20, 20266.87%▼ from 7.51%
- Oct 20, 20267.51%▲ from 6.87%
- Oct 14, 20266.87%▼ from 7.51%
- Oct 1, 20267.51%▼ from 7.89%
Hale Kamaaina Mortgage Program (first-time homebuyers, State of Hawaii only); 20% down
As Low As; Purchase
As Low As; Refinance
Government; VA; 1.000 points; P&I per $100,000: $648.60
- Oct 19, 20266.99%▼ from 7.23%
- Oct 9, 20267.23%▼ from 7.24%
- Sep 29, 20267.24%first recorded
No additional details available.
No additional details available.
No additional details available.
- Oct 11, 20267.00%▲ from 6.62%
- Sep 27, 20266.62%▼ from 6.65%
- Sep 15, 20266.65%first recorded
Monthly principal and interest payment: $1,019.41; based on $150,000 loan with 740+ credit score; no discount points; Iowa
As Low As; Interest rates and APRs are the lowest offered and based on approved credit; Course of Construction Insurance is required; Adjustable APRs maximum 18%; Rates effective Tuesday, July 15, 2025 12:00 AM MST
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%; APR based on $100,000 loan for the specified term and includes fees ($650 processing, $25 Flood Determination, $3,300 VA Funding)
Max LTV: 100%; Residential Mortgage - Portfolio, Primary Residence & One Unit Second Homes; APR based on $100,000 loan incl. VA funding fee
Purchase mortgage; Effective October 19, 2026
- Oct 19, 20267.02%▼ from 7.11%
- Oct 14, 20267.11%first recorded
Rate: 6.750%; APR: 7.026%; based on $400,000 loan amount with 25% down payment
- Oct 19, 20267.03%▼ from 7.17%
- Oct 13, 20267.17%▲ from 7.05%
- Oct 5, 20267.05%▲ from 6.64%
- Sep 14, 20266.64%first recorded
Example loan $300,000; effective date 10/16/2026; owner occupied 1-4 unit purchase or refinance; APR includes 1% lender fee
No additional details available.
VA 30 Year Fixed; VA Purchase 0% Down; APR Effective 10/16/2026
No additional details available.
- Oct 13, 20267.05%▲ from 6.79%
- Sep 29, 20266.79%first recorded
As Low As; Rates as of Oct 19, 2026 ET. Rates subject to change. Available exclusively to eligible Servicemembers, Veterans and their spouses. No down payment is required.
New home purchase
- Oct 19, 20267.06%▼ from 7.31%
- Oct 13, 20267.31%▲ from 7.19%
- Sep 29, 20267.19%first recorded
Rates include 1% origination fee.
- Oct 19, 20267.08%▼ from 7.21%
- Oct 2, 20267.21%first recorded
Purchase; example monthly payment $1,647.88
Interest rate and APR available to borrowers with credit scores 780 or greater and 100% LTV; based on Indiana property
- Oct 23, 20267.10%▲ from 6.72%
- Sep 21, 20266.72%first recorded
As Low As; 30-year rate shown; Rate shown as APR*
- Oct 5, 20267.10%▲ from 6.85%
- Sep 25, 20266.85%▲ from 6.48%
- Sep 17, 20266.48%first recorded
Mortgage rates effective 10/19/2026; Lender Fee: 0.00%; Estimated Payment:
- Oct 19, 20267.10%▼ from 7.12%
- Oct 14, 20267.12%▼ from 7.14%
- Oct 10, 20267.14%▼ from 7.20%
- Oct 2, 20267.20%▼ from 7.24%
No additional details available.
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 fell 0.029 points this week to 7.294%, according to MonitorBankRates trend data.
The national 15-year fixed average mortgage rate fell 0.020 points this week to 6.840%, 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) | 7.294% | $1,663 | — | 24.7% |
| 6-Month Forecast | 7.294% (6.94–7.59%) | $1,663 | +$0/mo | 24.7% |
| 12-Month Forecast | 7.544% (7.19–7.84%) | $1,704 | +$41/mo | 25.3% |
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 97.3 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 |
|---|---|---|---|
| 6.794% | 30-year fixed | $1,564 | $322,918 |
| 7.294% Current Avg | 30-year fixed | $1,644 | $351,981 |
| 7.794% | 30-year fixed | $1,727 | $381,609 |
| 6.840% | 15-year fixed | $2,136 | $144,440 |
A 0.500% rate increase on a $240,000 loan adds roughly $82 per month and over $29,628 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 24.4% 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.
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?
- H & E Telephone Federal Credit Union: 5.25% APR (First Mortgage - 30 Year Fixed)
- Advance Financial Federal Credit Union: 5.625% (30-Year Fixed Mortgage)
- Institution for Savings: 5.625% (First-Time/Affordable Homebuyer Loan - 30 Year Fixed)
- Frost Bank: 5.75% (Frost Progress Mortgage Options - 30-year fixed-rate (Income-based))
- Thrive Federal Credit Union: 5.75% (30 Year Fixed Rate Mortgage)
Mortgage Rates & Home Loan Rates by State
