Rates last reviewed: July 27, 2026 — for illustration purposes, update regularly
| Loan Type | Rate | APR |
|---|---|---|
| 30-Year Fixed | 6.50% | 6.72% APR |
| 15-Year Fixed | 5.85% | 6.03% APR |
| 20-Year Fixed | 6.20% | 6.41% APR |
| 5/1 ARM | 5.95% | 6.85% APR |
| 7/1 ARM | 6.05% | 6.78% APR |
| FHA 30-Year Fixed | 6.25% | 7.10% APR |
| VA 30-Year Fixed | 6.10% | 6.35% APR |
| Jumbo 30-Year Fixed | 6.65% | 6.84% APR |
Higher credit scores typically qualify for lower interest rates, since lenders see you as a lower-risk borrower.
A larger down payment reduces the lender’s risk and can help you secure a better rate, along with avoiding PMI.
Shorter terms (like 15 years) usually come with lower rates than 30-year loans, since the lender’s risk window is smaller.
Conventional, FHA, VA, and jumbo loans each carry different rate structures based on government backing and risk profile.
A lower DTI signals to lenders that you can comfortably manage the new payment, which can help you access better rates.
Broader economic factors — inflation, central bank policy, and bond market movements — shift average rates daily, regardless of your personal profile.