FHA 30-Year mortgage rates
FHA 30-year average 6.89% · Optimal Blue OBMMI · Nov 5, 2026
FHA rates often sit near or below conventional rates because the government insures the loan, but the rate is only part of the price. FHA adds an upfront and an annual mortgage-insurance premium, so judge it by the all-in payment below, not the rate alone.
FHA 30-Year mortgage rates: chart & history
Over the past 52 weeks the FHA 30-year average ranged from 5.86% (Feb 27, 2026) to 7.18% (Oct 9, 2026); today's 6.89% is 0.29 percentage points below the high. Weekly readings of Optimal Blue's daily index of rates lenders actually locked, with the conforming 30-year from the same index for comparison — from the last 30 days to 5 years.
- Now
- 6.89%
- Nov 5, 2026
- 1 week ago
- 7.00%
- −0.11 pts
- 1 month ago
- 7.18%
- −0.29 pts
- 1 year ago
- 6.08%
- +0.81 pts
FHA 30-Year: Optimal Blue OBMMI (rates lenders locked), weekly. National series.
What an FHA loan really costs each month
A $400,000 home with 3.5% down at today's 6.89% FHA average:
| Amount | |
|---|---|
| Base loan | $386,000 |
| Upfront MIP (1.75%, financed) | $6,755 |
| Principal & interest on $392,755 | $2,584/mo |
| Annual MIP (0.55%), first year | $177/mo |
| Loan payment before taxes and insurance | $2,761/mo |
With less than 10% down, annual MIP lasts for the life of the loan. That is why an FHA quote can beat a conventional rate yet cost more each month.
Is my FHA 30-year rate competitive?
Enter the rate from your quote or Loan Estimate. It's compared with today's national average of rates lenders actually locked for this program (Optimal Blue) and that average's 52-week range. The index mixes borrowers of every credit score and down payment, so treat it as a yardstick, not a promise.
An example rate is filled in — replace it with yours. Government-backed loans don’t carry Fannie Mae’s credit-score price adjustments, so there is no score field here.
In line with the average lenders locked for this program, within the normal spread between lenders.
Shaded: the average's 52-week range, 5.86%–7.18%.
- Your payment
- $2,695/mo
- principal & interest at 7.125%
- At today's average
- $2,632/mo
- FHA 30-year average, 6.89%
- 5 years of payments
- +$3,789
- $63 a month more than at the average
Have quotes from several lenders? Compare up to three side by side — payment, cash up front, APR and when points pay back.
The catch is mortgage insurance — an upfront premium plus an annual MIP that, at the minimum down payment, lasts the life of the loan. That is why an FHA APR sits well above its note rate. Always compare FHA against conventional-with-PMI both ways once your score clears 620.
FHA loan limits are set per county, from a national floor up to a high-cost ceiling. Check your county’s limit before assuming a price cap.
FHA 30-Year rate FAQ
What is the current FHA 30-year rate?
The national average FHA 30-year rate is about 6.89% (Optimal Blue OBMMI, Nov 5, 2026). On a $400,000 loan that works out to roughly $2,632 a month in principal and interest over 30 years.
Averages assume a well-qualified borrower; your quote depends on credit, down payment and lender.
What is a good FHA 30-year mortgage rate right now?
A quote at or below today's 6.89% average is a good FHA 30-year rate — that's Optimal Blue's index of rates lenders actually locked (Nov 5, 2026), across borrowers of every credit score and down payment. Over the past 52 weeks it ranged from 5.86% to 7.18%.
Quotes for the same borrower routinely differ by a quarter point or more between lenders, so a rate within about 0.25 percentage points of the average is competitive; much more than that is worth questioning. Test yours in the rate check above.
Why is an FHA loan's APR higher than its interest rate?
Because the APR counts the mortgage insurance. On a $400,000 home with 3.5% down at 6.89%, the upfront premium adds $6,755 to the loan and annual MIP adds about $177 a month, so the yearly cost is well above the note rate. Compare FHA and conventional offers on APR and on the all-in payment.
Why is my quoted rate different from the average?
National averages assume strong credit, a solid down payment and a single-family primary home. Lower scores, smaller down payments, condos, second homes and cash-out all add pricing adjustments, so the average is a benchmark for judging quotes, not a promise.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment figures are principal and interest, plus mortgage insurance or program fees only where a row says so; property tax and homeowners insurance are not included. Confirm current pricing with a licensed lender.