The only rate that matters is yours.
We don't post a flashy teaser rate, because it wouldn't be the rate you'd actually get. Here's how mortgage rates really work — and how to make brokers compete for the best one for you.
Today's national average rates
Weekly national averages by loan program — a market reference, not the rate you'll be offered. Your rate depends on your credit, loan size, and down payment.
- FHA 30-Year Fixedestimate6.33%$2,484/mo
- VA 30-Year Fixedestimate6.23%$2,458/mo
- Conventional 15-Year Fixed5.79%$3,330/mo
- Conventional 30-Year Fixed6.48%$2,523/mo
- Jumbo 30-Year Fixedestimate6.48%$2,523/mo
National averages · week of June 4, 2026 · Principal & interest on a $400,000 loan
Conventional 30- and 15-year figures are Freddie Mac PMMS national weekly averages. FHA, VA, and jumbo rows are estimates derived from the conforming average using typical spreads — illustrative only, not an offer. View legal disclosures
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Mortgage rate trend
National weekly averages over the past year.
Source: Freddie Mac PMMS via FRED. Historical context only; current averages are in the table above.
What moves mortgage rates
Rates aren't set by any single lever. A few big forces push them up and down:
The bond market
Mortgage rates track the 10-year Treasury and mortgage-backed securities far more than the headlines about the Fed.
Inflation & the economy
Higher inflation generally pushes rates up; a cooling economy can pull them down.
Federal Reserve policy
The Fed sets short-term rates, which influence — but don't directly set — 30-year mortgage rates.
Supply & demand
Investor appetite for mortgage bonds moves pricing day to day.
What determines your rate
Two people applying on the same day can get very different rates. These factors are why:
Credit score
Higher scores unlock better pricing — often in tiers at 660, 700, 740, and 760+.
Down payment / equity
More down (lower LTV) usually means a better rate and no PMI at 20%.
Loan type & term
FHA, VA, conventional, and jumbo price differently; shorter terms often carry lower rates.
Points
Paying discount points buys a lower rate — worth it only if you keep the loan long enough.
Property & occupancy
Primary homes price better than second homes or investment properties.
The best rate comes from competition
Submit one free request and vetted brokers compete for your business — so you compare real rates, not headline numbers.
Find mortgage rates for your state
Rates and broker availability vary by state. Pick yours to see brokers competing for your loan.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- District of Columbia
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Rate questions
Why don't you show a rate here?
Because a teaser rate isn't your rate. The number you'd actually get depends on your credit, down payment, loan type, and the day you lock — so we connect you with brokers who quote your real rate instead of dangling a headline number.
How do I get the best mortgage rate?
Shop more than one lender. The same borrower routinely gets different rates and fees from different brokers — comparing several is the single most reliable way to lower your rate.
Do rates change daily?
Yes. Mortgage rates can move daily (sometimes intraday) with the bond market, which is why locking once you're happy with an offer matters.
Will checking my options affect my credit?
No — getting matched here doesn't involve a hard credit pull from us. A broker you choose may request authorization for a credit check during an actual application.
New to the lingo? See the mortgage glossary.