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Getting multiple rate quotes can save you more than $6,000* over the life of your loan.

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What are today's average mortgage rates?

For borrowers, the morning’s evidence calls for separating weekly mortgage averages from the latest bond signal. Freddie Mac’s weekly survey released October 22, 2026, put the 30-year average at 7.32%, compared with 7.40% a week earlier. CNBC’s 10-year Treasury yield was 4.982%, below 5.04% in our last report but above the prior session close of 4.953%.

The weekly average is a dated survey measure, not today’s lender quote. Our interpretation of the bond readings is similarly limited: the comparison with our last report is favorable, while the session comparison points to upward pressure.

Although rates have elevated from recent lows, see if refinancing makes sense or tapping home equity is prudent. For home buyers, explore expert advice for 2026 and check if you qualify for financial assistance programs or more flexible loan options.

Current mortgage and refinance rates

Find your lowest rate. Start here
ProgramMortgage RateAPR*Change
Conventional 30-year fixed
Conventional 30-year fixed7.344% 7.418% -0.02
Conventional 20-year fixed
Conventional 20-year fixed7.104% 7.199% -0.13
Conventional 15-year fixed
Conventional 15-year fixed6.762% 6.874% +0.02
Conventional 10-year fixed
Conventional 10-year fixed6.718% 6.815% +0.07
30-year fixed FHA
30-year fixed FHA7.168% 7.216% -0.05
30-year fixed VA
30-year fixed VA7.144% 7.207% -0.01
5/1 ARM Conventional
5/1 ARM Conventional6.364% 6.876% -0.02
Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions See our rate assumptions here.

What’s a mortgage rate?

A mortgage rate is the rate of interest charged by a mortgage lender. Mortgage rates can be either fixed (it stays the same for the term of the loan) or variable (the rate will adjust at some point during the term of the loan). Mortgage rates are determined by the lender and can vary depending on your unique situation — your credit score, loan term, and downpayment can all affect your mortgage rate.1

Why compare mortgage rates?

The more lenders you compare when shopping for mortgage rates, the more likely you are to get the lowest interest rate available for you. Getting a lower interest rate could save you hundreds of dollars over a year of mortgage payments — and thousands of dollars over the life of the loan. Yes, it definitely pays to shop around.2

* Source: https://www.freddiemac.com/research/insight/20230216-when-rates-are-higher-borrowers-who-shop-around-save
1. Source: Freddie Mac
2. Advertising disclosure: we receive advertising revenue from some partners.

Mortgage and refinance rates by state