Today's mortgage rates
*Monthly payment based on a $300,000 loan amount.
| Loan type | Rate | APR | Monthly payment* |
|---|---|---|---|
| 30-year fixed | 6.85% | 6.92% | $1,966 |
| 15-year fixed | 6.15% | 6.25% | $2,562 |
| FHA 30-year | 6.45% | 7.20% | $1,884 |
| VA 30-year | 6.30% | 6.55% | $1,857 |
| Jumbo 30-year | 7.10% | 7.18% | $2,015 |
How to get the best rate
Advertisement
- Improve your credit score to 740+ before applying
- Save for a 20% down payment to avoid PMI
- Compare offers from at least 3-5 lenders
- Consider buying discount points if you plan to stay 7+ years
Frequently asked questions
Are mortgage rates going up or down in 2026?
After peaking near 8% in late 2023, rates have stabilized in the 6.5-7% range. Most economists expect gradual easing through 2026 if inflation continues toward the Fed's 2% target.
Advertisement
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Tradingpedia does not provide personalized financial recommendations. Always consult a qualified advisor before making financial decisions.