Today's Mortgage Rates

Compare current rates from top lenders. Updated April 1, 2026.

Updated April 1, 2026

Product	Rate	APR	Change	Payment
30-Year Fixed	6.78%	6.82%	▼ 0.03%	$2,607/mo
20-Year Fixed	6.55%	6.6%	▼ 0.02%	$2,972/mo
15-Year Fixed	5.99%	6.05%	▼ 0.02%	$3,375/mo
FHA 30-Year	6.35%	7.12%	▲ 0.01%	$2,494/mo
VA 30-Year	6.15%	6.42%	▼ 0.05%	$2,441/mo
5/1 ARM	6.25%	7.1%	— 0.00%	$2,463/mo
Jumbo 30-Year	6.95%	6.98%	— 0.00%	$2,652/mo

Understanding Today’s Rate Environment

Mortgage rates are influenced by Federal Reserve policy, inflation expectations, and bond market conditions. The 10-year Treasury yield serves as the primary benchmark for 30-year fixed mortgage rates.

Your individual rate depends on your credit score, down payment, debt-to-income ratio, loan amount, and property type. Borrowers with scores above 740 and 20%+ down typically receive the best rates.

How to Get the Best Rate

Improve your credit score

Pay down credit cards, dispute errors, and avoid opening new accounts before applying. Even a 20-point improvement can meaningfully impact your rate.

Save for a larger down payment

Putting 20% down eliminates PMI and often qualifies you for better rates. Even 10% down is significantly better than 3-5%.

Compare multiple lenders

Get quotes from at least 3-5 lenders. Rates can vary by 0.5% or more between lenders for the same borrower profile.

Consider buying points

Paying upfront discount points can lower your rate by 0.25% per point. This makes sense if you plan to stay long enough to recoup the cost.

Frequently Asked Questions

How are mortgage rates determined?

Mortgage rates are influenced by the federal funds rate, inflation expectations, bond market conditions, and your personal financial profile including credit score, down payment, and debt-to-income ratio.

What's the difference between interest rate and APR?

The interest rate is the cost of borrowing the principal. The APR includes the interest rate plus fees, giving a more complete picture of total borrowing cost.

Should I choose a fixed or adjustable rate?

Fixed rates offer payment stability. ARMs start lower but can adjust. Choose fixed for long-term stays, ARM if you expect to move or refinance within 5-7 years.

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Today’s Mortgage Rates