Mortgage rates this week
The national average from Freddie Mac's weekly survey, a payment calculator that runs on it, and eight lenders worth asking for a quote. We don't publish per-lender rates: they change through the day and depend on your credit, down payment and state, so a static number would mislead you.
Average for the week of Oct 22, 2026. Updates automatically each Thursday. Sources: Freddie Mac PMMS; U.S. Treasury via FRED.
Your payment at this week's average
Principal and interest only. Taxes and insurance come on top.
Monthly principal and interest at 7.32%
$0
If your quote lands up to a point either side of the average
- Each quarter point adds about
- $0
- Amount borrowed
- $0
- Total interest over the term
- $0
An estimate on a national average, not a quote. For taxes, insurance, PMI and extra payments, use the full mortgage calculator. The 30-year average sits 2.36 points above the 10-year Treasury; that gap is lenders' margin for risk and cost.
Eight lenders to get quotes from
Ask at least three of them for a written Loan Estimate on the same day, for the same loan amount and lock period. That is the only rate comparison that means anything. Listed alphabetically, not by rate or by what anyone pays us.
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AmeriSave
Online lender
Suits Rate-focused shoppers comfortable with a no-frills process
An online-only lender with a straightforward application: more a competent web form than a designed product. Its case rests on price, so test that directly: request a Loan Estimate on the same day as your other quotes and compare the rate and section A, the origination charges, line by line.
Who should look elsewhere Borrowers who want a loan officer to walk them through an unusual file. Read the rate-lock terms, including any extension fee, before you lock with any lender.
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Better.com
Online lender
Suits Borrowers comparing on total closing costs, not just rate
Better built its pitch on an all-online process and plain fee disclosure. That is easy to check: its Loan Estimate puts the fees in the same standard boxes as everyone else's, so you can see whether the lower-cost claim holds for your loan.
Who should look elsewhere Anyone who wants the stability of a long-established lender. Better went through deep layoffs in 2021 and 2022 before going public in 2023.
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Chase
Bank with branches
Suits Existing Chase customers
The case for Chase is concentration. If your checking, savings and cards are already there, a mortgage in the same place is simpler to manage, and existing customers may qualify for relationship pricing. Ask what you qualify for and make sure it appears on the Loan Estimate.
Who should look elsewhere Borrowers with no Chase relationship, who have no particular reason to start here rather than with the cheapest of their quotes.
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LendingTree
Marketplace, not a lender
Suits Several lender offers from one application
LendingTree passes one application to several lenders, who then contact you with offers. It is useful for one thing: getting four or five real quotes without filling in four or five forms. The spread between offers is usually the lesson.
Who should look elsewhere Anyone who doesn't want weeks of calls and emails from lenders. If you use it, give it a separate email address.
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Navy Federal
Credit union, members only
Suits Service members, veterans and their families
A large credit union that handles VA loans routinely. Its own Military Choice loan, for active-duty members, reservists and honorably discharged veterans, needs no private mortgage insurance and is pitched at borrowers who have used up their VA loan benefit or are using it elsewhere.
Who should look elsewhere Anyone outside its membership, which is limited to the armed forces, veterans, Department of Defense civilians and their families.
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Rocket Mortgage
Online lender
Suits First-time buyers who want a smooth digital process
Rocket made more home loans than any other U.S. lender in 2025: 429,332, against 422,120 for UWM, which led on dollar volume (HMDA data, reported by HousingWire). Its app keeps documents, prequalification and loan status in one place, which takes real friction out of a first purchase. Source.
Who should look elsewhere Borrowers with unusual files, such as self-employed income or complex tax returns, who may be better served by a broker who shops the loan for them.
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SoFi
Online lender
Suits Existing SoFi members
SoFi's mortgage makes most sense if you already use its banking or investing accounts. Eligible members get $500 off the origination fee on a purchase or refinance mortgage (SoFi, October 2026). Without that, judge it like any other quote. Source.
Who should look elsewhere Non-members, for whom the main advantage doesn't apply.
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Wells Fargo
Bank with branches
Suits Existing Wells Fargo customers who want a branch loan officer
Wells Fargo was once the largest mortgage lender in the country. In January 2023 it said it would shrink the business and focus on its existing bank and wealth-management customers and on borrowers in minority communities. For those borrowers, a loan officer you can sit down with is a real advantage. Source.
Who should look elsewhere Borrowers with no Wells Fargo relationship; the bank has said it is no longer chasing that business.
None of the links on this page are affiliate links; we earn nothing if you apply. If that changes, this page will say so at the top. See how the site makes money.
How we chose these eight
They are not the eight with the lowest rates today; that list changes by the hour. They are the ones we think most readers should consider first, picked so that between them there is a sensible option for first-time buyers, people who want several offers at once, military households, and people who already bank somewhere and may get relationship pricing. Each publishes rate information on its own site.
The averages come from Freddie Mac's Primary Mortgage Market Survey, published every Thursday, and the 10-year Treasury yield, both pulled automatically through the St. Louis Fed's FRED service.
Common questions
Are these the rates I'll actually get?
Almost certainly not exactly. Your credit score, loan amount, down payment, property type, state and the day you lock all change the rate a lender quotes. The averages here come from Freddie Mac's weekly survey of conventional, conforming home-purchase loans to borrowers with good or excellent credit who put 20% down. Use them to judge your quotes, not as a promise.
What's the difference between the rate and the APR?
The interest rate is what you pay on the balance each year. The APR folds in most lender fees and spreads them over the loan's full term, so a low rate with heavy fees shows up as a higher APR. That spreading flatters loans with large up-front points if you sell or refinance early. Our guide to mortgage APR vs. interest rate works through the math.
How often do rates change?
Lenders reprice daily, sometimes several times a day. Mortgage rates move with the 10-year Treasury yield, which reacts to inflation reports, jobs data and Federal Reserve decisions. The averages on this page come from Freddie Mac's weekly survey, published on Thursdays.
Should I lock now or wait?
We don't try to time rates, and professional forecasters miss often. If you've found the home, the payment works for your budget and the rate is in line with the market, locking removes a risk you can't control. If rates fall later, refinancing is an option; if they rise while you wait, the home may move out of reach.
How many lenders should I get quotes from?
At least three. Credit checks from mortgage lenders within a 45-day window are recorded as a single inquiry (CFPB), so shopping costs you little. Freddie Mac's 2018 research estimated that one extra quote saved borrowers about $1,500 on average over the life of the loan, and five quotes about $3,000.
What's a good mortgage rate?
One at or below the current average for your credit profile and loan type, with reasonable fees. For the week of Oct 22, 2026, Freddie Mac's averages were 7.32% for a 30-year fixed and 6.68% for a 15-year fixed. Judge a rate against today's market, not the 2.65% low of January 2021, which was the exception rather than the benchmark.
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iGrow Wealth is not a lender, broker or financial adviser. This page is educational and is not personalized financial, tax or legal advice. The rates shown are national averages, not quotes; your rate will depend on your finances and the lender. Check current rates and terms with the lender before you decide.