See current national mortgage benchmarks, compare common loan types, estimate your payment, and understand which mortgage path may fit your situation.
Mortgage rate benchmarks help you understand the market before you compare lender quotes. The rate you are offered can still vary based on your credit score, down payment, loan purpose, loan amount, property type, points, fees, and rate-lock period.
Use today’s purchase benchmarks to estimate your payment, compare loan types, and understand how PMI may affect affordability.
Compare today’s benchmark rates against your current loan, then calculate your break-even point before paying refinance closing costs.
Do not compare rate alone. Review APR, points, lender credits, origination fees, cash to close, and rate-lock terms.
These rates are national benchmarks pulled from FRED data sources where available. Your actual rate may be higher or lower based on your credit score, down payment, debt-to-income ratio, loan amount, points, property type, and lender fees.
Rates can move when inflation data, bond yields, Federal Reserve expectations, lender pricing, or housing-market conditions change. This weekly update adds context to the benchmarks above so you can understand what changed and what to watch next.
Explore why mortgage rates remain high as of June 2026 and learn practical strategies for buyers and homeowners to navigate affordability and wealth building.
Mortgage rates can vary by loan purpose. A purchase borrower and a refinance borrower may see different pricing, costs, and lender priorities even when the benchmark market rate looks similar.
Use the benchmark rates below to estimate your payment, then compare lenders using the same home price, down payment, loan type, points, and lock period.
Use the benchmark rates below to compare your current mortgage against today’s market, then calculate your break-even point before refinancing.
| Mortgage product | Benchmark rate | Latest reading | Good fit | What to compare |
|---|---|---|---|---|
| 30-Year Fixed National Average | 6.52% | June 30, 2026 | Lower monthly payment and long-term stability | APR, points, origination fee, lender credits, cash to close, and rate-lock period. |
| 15-Year Fixed National Average | 5.91% | June 30, 2026 | Faster payoff and lower total interest | APR, points, origination fee, lender credits, cash to close, and rate-lock period. |
| 30-Year Fixed Conforming Index | 6.43% | June 30, 2026 | Typical conventional purchase borrowers | APR, points, origination fee, lender credits, cash to close, and rate-lock period. |
| 30-Year FHA Mortgage Index | 6.19% | June 30, 2026 | Lower down payment or lower credit profile | APR, points, origination fee, lender credits, cash to close, and rate-lock period. |
| 30-Year VA Mortgage Index | 6.25% | June 30, 2026 | Eligible veterans, service members, and surviving spouses | APR, points, origination fee, lender credits, cash to close, and rate-lock period. |
| 30-Year Jumbo Mortgage Index | 6.70% | June 30, 2026 | Higher-priced homes above conforming loan limits | APR, points, origination fee, lender credits, cash to close, and rate-lock period. |
Rates only matter after you know which loan type you should be comparing. Start with the path that matches your situation.
Compare 30-year fixed, FHA, and 3%-down conventional options. Watch PMI and cash to close.
Start with 30-year fixed options. Compare rate, APR, points, and lender credits.
Compare 15-year fixed and 20-year fixed options. Make sure the higher payment fits your budget.
Compare VA lenders, funding fee treatment, lender fees, and whether zero down is the best move.
Use today’s benchmark rate as a starting point, then adjust the numbers to match your home price, down payment, taxes, insurance, and loan term.
Private mortgage insurance is usually estimated as an annual percentage of the loan amount when the down payment is below 20%.
Example: If the loan amount is $360,000 and the estimated annual PMI rate is 0.50%, monthly PMI is $360,000 × 0.005 ÷ 12 = $150.
Beelinger is not ranking these as the best lender for every borrower. Use this list as a starting point, then compare at least three Loan Estimates before choosing a mortgage.
Useful for borrowers who want a streamlined online application and broad loan availability.
Useful for borrowers who want a national bank with online tools and branch access.
Useful for borrowers who prefer a major bank and may qualify for relationship-based benefits.
Useful for eligible military borrowers comparing VA loan options and VA-specific guidance.
Useful for eligible members, especially military households comparing VA and conventional options.
Useful for borrowers who want an online-first mortgage process and fast quote comparison.
When you receive quotes, compare each offer using the same scenario: same home price, down payment, credit profile, loan type, points, and lock period.
| Compare this | Why it matters |
|---|---|
| Interest rate | The base cost of borrowing before certain fees are included. |
| APR | A broader cost measure that includes rate plus certain fees. |
| Points | Upfront cost paid to lower the rate. A lower rate is not always the better deal. |
| Lender credits | May lower closing costs, but can come with a higher rate. |
| Cash to close | The real amount you need to bring to closing, including down payment and closing costs. |
| Rate-lock period | A short lock may be cheaper but riskier if closing takes longer. |
Use these next-step guides and tools to move from rate research to a cleaner mortgage decision.
Estimate principal, interest, taxes, insurance, PMI, and HOA before you shop lenders.
Compare your current mortgage against a new loan and estimate your break-even point.
Walk through credit, preapproval, lender shopping, closing costs, and underwriting.
Compare FHA requirements, mortgage insurance, down payment rules, and trade-offs.
Understand VA eligibility, zero-down options, funding fees, and lender comparison points.
Compare buying against renting using timeline, monthly cost, appreciation, and opportunity cost.
Beelinger displays mortgage rate benchmarks for educational comparison. These figures are not personalized lender quotes and should be used as a starting point before requesting official Loan Estimates.
Used for broad weekly national averages, including the 30-year and 15-year fixed-rate mortgage benchmarks.
Used for daily mortgage market index benchmarks such as conforming, FHA, VA, and jumbo mortgage categories.
We emphasize APR, points, lender credits, cash to close, PMI, and lock period because rate alone is incomplete.
No. These are national benchmarks. A lender quote depends on your credit score, income, debts, loan amount, property type, down payment, points, and fees.
Benchmarks show broad market movement. Lender quotes include borrower-specific pricing, lender fees, points, credits, and lock-period assumptions.
Compare both. The interest rate affects the monthly principal-and-interest payment, while APR helps show more of the total cost after certain fees.
Compare at least three lenders using the same loan scenario. Small rate and fee differences can change the total cost substantially.
National benchmarks are useful for understanding the market, estimating payments, and knowing whether a quote looks high or competitive. They are not a substitute for a Loan Estimate.
They can be. Purchase and refinance loans may price differently because the lender evaluates the purpose, timing, risk profile, closing costs, and lock period differently.
The estimator uses this formula when the down payment is below 20%: monthly PMI equals loan amount multiplied by the annual PMI rate, then divided by 12.
Mortgage rates are influenced by bond yields, inflation expectations, lender pricing, borrower credit profile, down payment, loan type, property type, points, and rate-lock period.
Consider locking after you have a property, a lender offer, and a closing timeline. Compare the rate, APR, lock length, points, and whether the lender charges for extensions.