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.
Updated July 9, 2026 · Source: Freddie Mac PMMS & U.S. Treasury via FRED (Federal Reserve Bank of St. Louis)
Two-year rate trend
Compare rates by loan type
Est. payment on a $400,000 loan| Loan type | Avg. rate | Est. payment | |
|---|---|---|---|
| 30-Year FixedFreddie Mac | 6.49% | $2,526/mo | Calculate |
| 20-Year FixedOBMMI | 6.30% | $2,935/mo | Calculate |
| 15-Year FixedFreddie Mac | 5.82% | $3,337/mo | Calculate |
| 10-Year FixedOBMMI | 5.70% | $4,381/mo | Calculate |
| FHA 30-YearOBMMI | 6.35% | $2,489/mo | Calculate |
| VA 30-YearOBMMI | 6.20% | $2,450/mo | Calculate |
| USDA 30-YearOBMMI | 6.30% | $2,476/mo | Calculate |
| Jumbo 30-YearOBMMI | 6.55% | $2,541/mo | Calculate |
| 5/1 ARMOBMMI | 6.10% | $2,424/mo | Calculate |
30- and 15-year conventional rates are Freddie Mac weekly averages (as of July 9, 2026). FHA, VA, USDA, jumbo, ARM and the other terms are national averages from Optimal Blue’s OBMMI, updated June 27, 2026. All are national averages, not personalized quotes — your rate depends on your credit, down payment and lender.
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.
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.
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 (4.54% 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.
- 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.
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.