Mortgage Rates Today
Current mortgage rates updated daily. Compare rates across loan types and terms to find the best deal.
Last updated: 2026-06-02
Current Mortgage Rates
Average rates from lenders nationwide
| Loan Type | Interest Rate | APR | Change |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.82% | +0.02 |
| 15-Year Fixed | 6.25% | 6.35% | +0.01 |
| 30-Year FHA | 6.5% | 6.65% | 0.00 |
| 30-Year VA | 6.125% | 6.3% | -0.01 |
| 5/1 ARM | 6.1% | 6.55% | +0.03 |
| 7/1 ARM | 6.2% | 6.6% | +0.02 |
Mortgage Rates by State
Average rates, monthly payments, and home prices for key states
What Determines Your Mortgage Rate?
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Credit Score
Borrowers with 740+ scores get the best rates. A lower score can add 0.5-1.5% to your rate.
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Down Payment
20% down gets you the best rates. Less than 20% means PMI and potentially higher rates.
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Loan Term
15-year rates are typically 0.5% lower than 30-year. ARM rates start lower but can adjust.
Primary Sources
Rates, limits, and program rules change. Always confirm current figures with the issuing agency.
Tips for Getting the Best Rate
- 1. Shop at least 3-5 lenders. Rates can vary by 0.25-0.5% between lenders for the same borrower.
- 2. Consider buying discount points. Paying 1% of the loan amount upfront can lower your rate by 0.25%.
- 3. Lock your rate. Once you find a good rate, lock it for 30-60 days to protect against increases.
- 4. Improve your credit. Even a 20-point increase can save you thousands over the loan term.
- 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?
As of August 2026, 30-year fixed rates range from about 6.65% in California to 6.75% in Ohio, against the 6.625% national average (Freddie Mac PMMS). Use the state pages above for county-level rates and monthly payments.
How are state mortgage rates different from national rates?
State averages differ from the national PMMS average by lender competition, jumbo-loan demand, and local credit profiles — usually within 0.1-0.2 percentage points. County-level pages on this site compute PITI with local tax rates and median home values.
Which state has the lowest property taxes?
Hawaii (0.28% effective), Alabama (0.40%), and Colorado (0.48%) lead the low-tax states. The highest are New Jersey (2.23%), Illinois (2.27%), and Texas (1.6-2.1% by county). Tax rate often matters more than the rate quote for your monthly budget.
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.