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TruePITI
Benchmark Rates
30-Year Fixed7.32%PMMS 10/22|15-Year Fixed6.68%PMMS 10/22|30-Year FHA7.13%MBA 10/17|30-Year Jumbo7.33%MBA 10/17|5/1 ARM6.46%MBA 10/17|30-Year Fixed7.32%PMMS 10/22|15-Year Fixed6.68%PMMS 10/22|30-Year FHA7.13%MBA 10/17|30-Year Jumbo7.33%MBA 10/17|5/1 ARM6.46%MBA 10/17|
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Mortgage Rates Today

National averages from Freddie Mac and MBA, updated weekly. Local rates vary by lender, credit score and down payment.

Last updated: 2026-10-22

Current Mortgage Rates

Freddie Mac PMMS (released 2026-10-22) · MBA Weekly Applications Survey (week ending 2026-10-17)

Loan TypeInterest RateSourceChange
30-Year Fixed7.32%PMMS-0.08
15-Year Fixed6.68%PMMS-0.03
30-Year FHA7.13%MBA-0.06
30-Year Jumbo7.33%MBA-0.16
5/1 ARM6.46%MBA-0.08

Mortgage Rates by State

Average rates, monthly payments, and home prices for key states

California

0.71% tax
Avg Home Price:$759,500
Est. Monthly:$4,623
View California Rates →

Texas

1.31% tax
Avg Home Price:$313,200
Est. Monthly:$2,063
View Texas Rates →

Florida

0.75% tax
Avg Home Price:$396,900
Est. Monthly:$2,429
View Florida Rates →

New York

1.45% tax
Avg Home Price:$449,800
Est. Monthly:$3,015
View New York Rates →

Illinois

1.92% tax
Avg Home Price:$280,700
Est. Monthly:$1,992
View Illinois Rates →

Pennsylvania

1.16% tax
Avg Home Price:$277,600
Est. Monthly:$1,794
View Pennsylvania Rates →

Ohio

1.22% tax
Avg Home Price:$239,800
Est. Monthly:$1,562
View Ohio Rates →

Georgia

0.74% tax
Avg Home Price:$343,300
Est. Monthly:$2,098
View Georgia Rates →

North Carolina

0.61% tax
Avg Home Price:$333,000
Est. Monthly:$1,999
View North Carolina Rates →

Michigan

1.18% tax
Avg Home Price:$254,200
Est. Monthly:$1,647
View Michigan Rates →

Arizona

0.43% tax
Avg Home Price:$426,000
Est. Monthly:$2,494
View Arizona Rates →

Colorado

0.49% tax
Avg Home Price:$574,600
Est. Monthly:$3,392
View Colorado Rates →

Washington

0.79% tax
Avg Home Price:$602,200
Est. Monthly:$3,706
View Washington Rates →

Massachusetts

1% tax
Avg Home Price:$607,400
Est. Monthly:$3,844
View Massachusetts Rates →

Virginia

0.71% tax
Avg Home Price:$403,500
Est. Monthly:$2,456
View Virginia Rates →

All 50 States

Browse mortgage rates, property tax context, and a true monthly payment estimate (PITI) for every state.

What Determines Your Mortgage Rate?

📊

Credit Score

Borrowers with 740+ scores get the best rates. A lower score can add 0.5-1.5% to your rate.

💵

Down Payment

20% down gets you the best rates. Less than 20% means PMI and potentially higher rates.

📅

Loan Term

15-year rates are typically 0.5% lower than 30-year. ARM rates start lower but can adjust.

Want to know where rates are heading? Read our 2026 mortgage rate trends & forecast.

Primary Sources

Rates, limits, and program rules change. Always confirm current figures with the issuing agency.

Tips for Getting the Best Rate

  1. 1. Shop at least 3-5 lenders. Rates can vary by 0.25-0.5% between lenders for the same borrower.
  2. 2. Consider buying discount points. Paying 1% of the loan amount upfront can lower your rate by 0.25%.
  3. 3. Lock your rate. Once you find a good rate, lock it for 30-60 days to protect against increases.
  4. 4. Improve your credit. Even a 20-point increase can save you thousands over the loan term.
  5. 5. Use our Mortgage Calculator to see how different rates affect your monthly payment.

Frequently Asked Questions

What is the average mortgage rate in my state?
Freddie Mac publishes one national 30-year fixed average — currently 7.32% as of 2026-10-22 — not separate state rates. State pages show that national average alongside state-level median home values and effective property-tax rates from the Census ACS 2024 release, so the monthly-payment estimates reflect local housing costs even though the rate does not vary by state.
How are state mortgage rates different from national rates?
Freddie Mac and MBA publish national averages only; there is no official state-level rate survey. TruePITI therefore shows the same national 30-year rate on every state page and explains that your quoted rate depends on your credit score, down payment, loan type and lender rather than on the state you live in.
Which state has the lowest property taxes?
The lowest effective property-tax rates are Hawaii (0.27%), Alabama (0.38%) and Arizona (0.43%). The highest are Illinois (1.92%), New Jersey (1.89%) and Connecticut (1.66%). Figures are effective annual property tax as a share of home value, computed from the U.S. Census Bureau ACS 2024 1-year release (median real estate taxes paid, table B25103, divided by median home value, table B25077).
How much house can I afford in my state?
Use the 28/36 rule: housing costs under 28% of gross income and total debts under 36%. At the $80,000 median household income, that supports roughly a $2,400/month PITI payment — about a $380,000 home at current rates with 20% down.
Do I need to use a lender in my state?
No. Out-of-state lenders can originate loans in most states, and online lenders often price competitively. Local lenders may offer state-specific programs (e.g., CalHFA, TSAHC, SONYMA) and faster closings for complex purchases.