Quote A7.25%
0.07% above today's average
$2,729/moprincipal & interest
- Cash up front
- $1,500 no points + $1,500 fees
- APR (est.)
- 7.288%
- Interest over 7 years
- $195,196
- Cost over 7 years
- $196,696up-front cost + interest
Rates
Today’s mortgage rates
National average rates from Freddie Mac’s weekly survey — the same benchmark lenders watch. Use them as a baseline, then price your own scenario in any calculator.
Latest weekly average · week of November 5, 2026 · Source: Freddie Mac PMMS & U.S. Treasury via FRED (Federal Reserve Bank of St. Louis) · new data every Thursday
30-Year Fixed 7.18% ▼ 0.06 this week
A year ago: 6.22%
15-Year Fixed 6.57% ▼ 0.03 this week
A year ago: 5.50%
10-Year Treasury 4.84% ▼ 0.06 this week
Drives mortgage rates
Compare rates by loan type
Est. payment on a $400,000 loan| Loan type | Avg. rate | Min. down | Insurance & fees | Est. payment | |
|---|---|---|---|---|---|
| 30-Year Fixed Freddie Mac · Nov 5 Staying put; the lowest fixed payment | 7.18% | 3% | PMI below 20% down | $2,710/mo | Calculate Compare costs |
| 20-Year Fixed Zillow · Nov 6 Faster payoff than a 30-year | 6.66% | 3% | PMI below 20% down | $3,020/mo | Calculate |
| 15-Year Fixed Freddie Mac · Nov 5 Paying far less interest | 6.57% | 3% | PMI below 20% down | $3,500/mo | Calculate |
| 10-Year Fixed Zillow · Nov 6 The fastest fixed payoff | 6.31% | 3% | PMI below 20% down | $4,503/mo | Calculate |
| FHA 30-Year OBMMI · Nov 5 Lower scores, small down payment | 6.89% | 3.5% | MIP 1.75% upfront + 0.55%/yr | $2,632/mo | Calculate Compare costs |
| VA 30-Year OBMMI · Nov 5 Eligible veterans and service members | 6.71% | 0% | Funding fee 1.25%–3.30%; no monthly MI | $2,584/mo | Calculate Compare costs |
| USDA 30-Year OBMMI · Nov 5 Eligible rural areas, within income limits | 6.86% | 0% | 1% upfront + 0.35%/yr | $2,624/mo | Calculate Compare costs |
| Jumbo 30-Year OBMMI · Nov 5 Loans above $832,750 | 7.25% | 10–20%lender norm | Usually no PMI at 20% down | $2,729/mo | Calculate |
| 5/1 ARM Zillow · Nov 6 Selling or refinancing within 5 years | Intro rate6.73% | 3% | Rate resets after 5 years (caps 2/1/5) | $2,589/mo | Calculate |
30- and 15-year conventional rates are Freddie Mac weekly averages (as of November 5, 2026). FHA, VA, USDA and jumbo rates are national averages of locked loans from Optimal Blue’s OBMMI (as of November 5, 2026); 20-year, 10-year and ARM rates are Zillow national averages (as of November 6, 2026). All are national averages, not personalized quotes — your rate depends on your credit, down payment and lender.
Each row shows its own source and date. Minimum down payments and fees are program rules from each loan's guide; “lender norm” marks a typical lender requirement. The surveys measure different borrowers, so compare rates within a row rather than across sources — how these rates are sourced.
Check your quotes
Is your rate quote a good one?
Enter up to three lender quotes. See the monthly payment, the cash up front, the cost over the years you'll keep the loan, when points pay for themselves — and how each rate compares with today's national average.
Today's average for a 30-Year Fixed: 7.18% · Freddie Mac, Nov 5
Quote B costs about $3,065 less than Quote A if you keep the loan 7 years.
Quote B7.00%
0.18% below today's average
$2,661/molowestprincipal & interest
- Cash up front
- $5,500 1% points + $1,500 fees
- APR (est.)
- 7.138%
- Interest over 7 years
- $188,131
- Cost over 7 years
- $193,631lowestup-front cost + interest
- Break-even
- 60 months extra up-front cost vs Quote A, recovered within 7 years
The national average describes a typical well-qualified borrower (Freddie Mac: strong credit, 20% down), so a quote above it is not necessarily a bad offer — but a gap of more than a few tenths is worth questioning. APR here counts points and lender fees only; your Loan Estimate's APR also includes other finance charges. Lenders aren't obliged to match any average. To price points in detail, use the points calculator.
Two-year rate trend
30-year fixed 15-year fixed
See every week since 1971, rates by year and record highs and lows on the mortgage rates chart — or follow five loan types week by week, with an email alert at your target, on the mortgage rate tracker.
Mortgage rates by state
Local prices, taxes & assistanceThe note rate is national, but home prices, property taxes and down-payment help are local. Pick your state for the median price, an estimated payment and its housing-agency programs.
Northeast
Midwest
South
Popular mortgage lenders
All 60 lender reviews| Lender | Best for | Loan types | |
|---|---|---|---|
| Rocket MortgageThe largest U.S. retail mortgage lender, known for a fully digital application and fast, guided online closings. | Online experience | Conventional · FHA · VA · Jumbo · Refi | Review |
| United Wholesale MortgageThe nation's largest wholesale lender — you don't apply directly; an independent mortgage broker places your loan with UWM. | Working through a broker | Conventional · FHA · VA · Jumbo | Review |
| loanDepotA large nonbank lender with a national retail footprint and a lifetime-guarantee refinance program for return customers. | Repeat refinancers | Conventional · FHA · VA · Jumbo · Refi | Review |
| ChaseThe mortgage arm of the largest U.S. bank, with relationship pricing for eligible deposit and investment clients. | Existing bank customers | Conventional · FHA · VA · Jumbo | Review |
| Bank of AmericaA major national bank whose Preferred Rewards members can earn interest-rate or closing-cost reductions. | Relationship discounts | Conventional · FHA · VA · Jumbo | Review |
| Wells FargoOne of the largest bank mortgage lenders, with a nationwide branch network and its own down-payment-assistance grants. | Branch banking | Conventional · FHA · VA · Jumbo | Review |
| U.S. BankA large national bank offering loyalty pricing for existing checking and investment customers. | Branch + bundle | Conventional · FHA · VA · Jumbo | Review |
| PNC BankA large national bank whose low-down-payment community loan can require as little as a small contribution from the borrower. | Low-down-payment buyers | Conventional · FHA · VA · Jumbo | Review |
Independent reviews of major U.S. lenders and what each is known for — not personalized offers, and no lender pays to be listed. We don't display live per-lender rates; get a quote directly from any lender to see your real rate. Comparing three or more lenders typically saves the most. Compare any two lenders side by side.
How today’s rates are set
The rates above are national averages from Freddie Mac’s Primary Mortgage Market Survey, published every Thursday. They track the rate a well-qualified borrower with strong credit and a 20% down payment is typically offered on a conforming loan — a clean benchmark, not a personal quote.
Mortgage rates move with the bond market, not directly with the Federal Reserve. The clearest signal is the 10-year Treasury yield (4.84% today): when it rises, mortgage rates usually follow within days, because mortgages are funded by investors who compare them to Treasuries.
What moves the rate you are offered
Your rate can sit well above or below the average depending on factors a national survey can’t see:
- Credit score — the single biggest lever; a higher score earns a lower rate (see mortgage rates by credit score).
- Down payment / loan-to-value — more equity means less risk and a better rate.
- Loan type and term — 15-year, FHA, VA, USDA and jumbo loans each price differently.
- Discount points — paying points buys the rate down; weigh the break-even.
- Debt-to-income ratio and the property type.
How to actually get a lower rate
Shop at least three lenders within a two-week window — credit bureaus treat multiple mortgage inquiries in that period as a single pull, so it won’t dent your score. Compare the APR and the official Loan Estimate, not just the headline rate, and decide whether paying points pays off for how long you’ll keep the loan.
Rates by loan type
The averages above cover conforming fixed loans. Other programs price differently: government-backed FHA, VA and USDA loans often carry lower rates but add mortgage insurance or fees, while jumbo loans above the conforming limit can run higher. Model your exact program rather than assuming the average applies.
Mortgage rates: common questions
What’s the 30-year mortgage rate right now?
The national average 30-year fixed rate is 7.18% as of November 5, 2026, according to Freddie Mac’s weekly survey — down 0.06 percentage points from the prior week, against 6.22% a year ago. The 15-year fixed averages 6.57%.
That average assumes strong credit and 20% down; your own quote can land above or below it.
What are mortgage rates today by loan type?
Today’s national averages: 30-year fixed 7.18%, 15-year fixed 6.57%, FHA 6.89%, VA 6.71%. Government-backed loans often price near or below conventional, but FHA adds mortgage insurance and VA a funding fee — compare the full cost in the rates-by-loan-type table above.
How much is a $300,000 mortgage at 7% interest?
About $1,996 a month in principal and interest on a 30-year loan. At today’s 7.18% average it is about $2,032. Property tax, homeowners insurance and any PMI come on top — run your full payment in the mortgage calculator.
Can I afford a $300K house on a $70K salary?
It’s a stretch at today’s rates. The common 28% guideline caps housing at about $1,633 a month on a $70,000 income, while a $300,000 home with 10% down at 7.18% runs roughly $2,403 including estimated taxes, insurance and PMI.
A larger down payment, a lower-tax area or down-payment assistance closes the gap — test your numbers in the affordability calculator.
Can you get a 4% mortgage rate?
Not at today’s averages — the 30-year sits at 7.18%, and Freddie Mac’s survey hasn’t been near 4% since early 2022.
Paths to a lower effective rate do exist: assuming a seller’s older FHA or VA loan at its original rate, a builder or seller-paid rate buydown, or buying discount points (roughly 0.25% per point).
Why are mortgage rates going up?
Mortgage rates follow the bond market. The 10-year Treasury yield is 4.84%, up 0.67 percentage points from a year ago, and lenders price 30-year mortgages at a spread above it.
When investors demand higher yields — on inflation or heavy government borrowing — mortgage rates rise with them. See what moves mortgage rates.
Rates shown are weekly national averages for general guidance and are not an offer or a personalized quote. Your actual rate depends on your lender, credit and loan details. Confirm current pricing with a licensed lender.