Today's mortgage rates
The 30-year and 15-year figures come from Freddie Mac's weekly survey of conventional purchase loans. They give you a reference point for a conversation with Lee. They aren't an offer or a rate lock.
Weekly benchmarks and individual quotes
Only the 30-year and 15-year figures are Freddie Mac national purchase-loan averages. Your purchase or refinance quote may differ.
| Loan type | Rate | Δ week | 52-week trend | |
|---|---|---|---|---|
30-Year Fixed National purchase-loan benchmark As of Oct 15, 2026 | 7.40% | – | Learn more | |
15-Year Fixed National purchase-loan benchmark As of Oct 15, 2026 | 6.71% | −2 bps | Learn more | |
20-Year Fixed / ARM Ask Lee for available terms and current pricing | Request a quote | Quoted individually | – | Learn more |
FHA 30-Year 3.5% down, flexible credit | Request a quote | Quoted individually | – | Learn more |
VA 30-Year Zero down for eligible veterans | Request a quote | Quoted individually | – | Learn more |
Jumbo 30-Year Above conforming limits | Request a quote | Quoted individually | – | Learn more |
- 30-Year FixedNational purchase-loan benchmarkAs of Oct 15, 20267.40%–
- 15-Year FixedNational purchase-loan benchmarkAs of Oct 15, 20266.71%−2 bps
- Request quote20-Year Fixed / ARMAsk Lee for available terms and current pricing
- Request quoteFHA 30-Year3.5% down, flexible credit
- Request quoteVA 30-YearZero down for eligible veterans
- Request quoteJumbo 30-YearAbove conforming limits
How rates have moved
Toggle between 3 months and 5 years to see where we are relative to recent history. Data is the Freddie Mac 30-year fixed weekly purchase-loan average. The dates show the period covered.
What 0.25% actually costs you
On a $350,000 purchase with 10% down ( $315,000 loan, 30-year term), a quarter-point difference moves your monthly payment and lifetime interest meaningfully. This is why we shop your file across lenders.
- Monthly P&I
- $2,128
- vs benchmark
- −$53/mo
- Total interest (30-yr)
- $450,911
- Less interest
- $19,247
- Monthly P&I
- $2,181
- vs benchmark
- –
- Total interest (30-yr)
- $470,159
- Monthly P&I
- $2,235
- vs benchmark
- +$54/mo
- Total interest (30-yr)
- $489,589
- More interest
- $19,431
Illustrative comparison using the dated 30-year benchmark ±0.25%. P&I only; excludes taxes, insurance, mortgage insurance, points, and fees. Total interest assumes scheduled payments for the full term. This isn't a rate offer.
Six things that move your personal rate
A national benchmark is a starting point. Lee can help you understand how these details affect the options available to you.
Your credit score
Credit history and scores affect eligibility and pricing. The thresholds depend on the lender and program; Lee can explain which options fit your file.
Down payment / LTV
Your down payment changes the amount borrowed and may change pricing or mortgage insurance. Compare the cash needed upfront with the full monthly payment.
Loan type
Conventional, FHA, VA, USDA, and jumbo loans have different eligibility rules and costs. Compare insurance and fees alongside the interest rate.
Property type and use
How you plan to use the home matters. A primary residence, second home, investment property, condo, or multi-unit building can have different loan options and pricing.
Loan size and term
Loan size and term affect your options and payment. Compare the monthly cost and total interest of actual quotes before choosing a shorter or longer term.
The bond market, today
Lender pricing responds to financial markets and can change between quotes. A rate lock has its own conditions and expiration date; ask what applies to your loan.
Broker vs. bank on the same file
Different lenders can offer different terms for the same borrower. Lee compares options from wholesale lenders. When you compare those with a bank's offer, look at fees, points, timing, and service too.
- Where the rates come fromRetail bankThe bank's available products and pricingHometown MortgageMultiple wholesale lenders shopped side-by-side
- Pricing flexibilityRetail bankPricing and credits depend on the bank and your fileHometown MortgageCompare available lenders, rates, points, and fees
- Loan program choiceRetail bankProducts available through that bankHometown MortgageConventional, FHA, VA, USDA, jumbo, whichever actually fits
- Self-employed borrowersRetail bankDocumentation requirements vary by bank and programHometown MortgageTax returns, bank statements, or asset-depletion programs
- Closing timelinesRetail bankTiming depends on the lender and transactionHometown MortgageLee coordinates the lender, documents, and closing timeline
- Who answers the phoneRetail bankService model varies by bankHometown MortgageLee
Talk through your rate options
Tell Lee about the home you're considering and your plans. Lee will follow up using your preferred contact method.
Common questions about rates
- These are Freddie Mac's weekly national benchmarks for conventional purchase loans, not Hometown offers or rate locks. Your rate depends on your credit, loan amount, down payment, property, loan program, fees, and lock date. Ask Lee for a quote based on your situation.
Source: Freddie Mac Primary Mortgage Market Survey, via FRED. Benchmarks shown are national averages, not lender offers or APRs; your quoted rate will vary based on credit score, down payment, loan type, property type, occupancy, and current market pricing. Not a commitment to lend. FT Funding, PLC DBA Hometown Mortgage, NMLS #2436863. Licensed in KY and OH and FL.