Today's Mortgage Rates
Live mortgage rates from Freddie Mac's Primary Mortgage Market Survey, updated weekly. Compare current rates across 30-year fixed, 15-year fixed, and adjustable-rate products.
30-Year Fixed Rate Trend (10 Years)
Source: Freddie Mac via FRED. Data updated weekly.
Understanding Mortgage Rates in 2026
Mortgage rates in the United States are influenced by a complex mix of factors: Federal Reserve policy, inflation expectations, Treasury yields, and investor demand for mortgage-backed securities. In 2026, the 30-year fixed rate has remained in the 6-7% range after peaking near 8% in late 2023.
When the Federal Reserve raises the federal funds rate, mortgage rates typically follow—though not one-for-one. Long-term mortgage rates track the 10-year Treasury yield more closely than the short-term fed funds rate.
For homebuyers, even a 0.5% difference in rate can mean hundreds of dollars per month on a $400,000 mortgage. Use our mortgage calculator to see how current rates affect your payment.
Types of Mortgage Rates
30-Year Fixed
The most popular mortgage product in the U.S. Fixed rate for the life of the loan. Lower monthly payment than 15-year, but more total interest paid over time.
15-Year Fixed
Shorter term, lower rate (typically 0.5-0.75% below 30-year). Higher monthly payment but dramatically less total interest. Best for buyers who can afford larger payments and want to build equity quickly.
5/1 Adjustable-Rate Mortgage (ARM)
Fixed for the first 5 years, then adjusts annually based on an index plus a margin. Lower initial rate than 30-year fixed, but payment risk after the fixed period. Suitable for buyers who plan to sell or refinance within 5-7 years.
Frequently Asked Questions
How often are mortgage rates updated?
Freddie Mac's Primary Mortgage Market Survey (PMMS) is released every Thursday. Our data is refreshed weekly from the FRED database.
What is the difference between the fed funds rate and mortgage rates?
The fed funds rate is set by the Federal Reserve and applies to overnight interbank lending. Mortgage rates are set by lenders and reflect long-term bond market conditions. They are correlated but not identical.
Will mortgage rates go down in 2026?
Rate direction depends on inflation, Fed policy, and economic data. We do not make predictions. Check back weekly for the latest rates.
What credit score do I need for the best mortgage rate?
Borrowers with FICO scores above 740 typically receive the lowest rates. Scores between 620-740 are still eligible for conventional loans, but may pay a higher rate. FHA loans accept scores as low as 580 (3.5% down) or 500-579 (10% down).
Data Source: Freddie Mac Primary Mortgage Market Survey via FRED, Federal Reserve Bank of St. Louis. All data is public domain. This information is for educational purposes and does not constitute financial advice.