Updated 2026-09-10
Today's mortgage rates, and what they are not
Your rate depends on your credit, your down payment, your loan size and your lender. The number in the news is an average of other people's loans.
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This week's national average
Survey average, not a quote. APR is not published for averages.
Survey average, not a quote. APR is not published for averages.
Week of September 3, 2026. Weekly national average for a 30-year and a 15-year fixed rate loan. It is a survey average, not an offer, and it is not what any one borrower is quoted.
Primary Mortgage Market Survey® data provided by Freddie Mac
What your credit score and down payment cost
This is the fee grid lenders use to price a conventional loan. It is a one-time charge added to the price, in percent of the loan amount. It is not a rate.
Scroll the table sideways for the larger down payment columns.
| Credit score | LTV 30% or less | LTV 30.01 to 60% | LTV 60.01 to 70% | LTV 70.01 to 75% | LTV 75.01 to 80% | LTV 80.01 to 85% | LTV 85.01 to 90% | LTV 90.01 to 95% | LTV Over 95% |
|---|---|---|---|---|---|---|---|---|---|
| 780+ | 0.000% | 0.000% | 0.000% | 0.000% | 0.375% | 0.375% | 0.250% | 0.250% | 0.125% |
| 760-779 | 0.000% | 0.000% | 0.000% | 0.250% | 0.625% | 0.625% | 0.500% | 0.500% | 0.250% |
| 740-759 | 0.000% | 0.000% | 0.125% | 0.375% | 0.875% | 1.000% | 0.750% | 0.625% | 0.500% |
| 720-739 | 0.000% | 0.000% | 0.250% | 0.750% | 1.250% | 1.250% | 1.000% | 0.875% | 0.750% |
| 700-719 | 0.000% | 0.000% | 0.375% | 0.875% | 1.375% | 1.500% | 1.250% | 1.125% | 0.875% |
| 680-699 | 0.000% | 0.000% | 0.625% | 1.125% | 1.750% | 1.875% | 1.500% | 1.375% | 1.125% |
| 660-679 | 0.000% | 0.000% | 0.750% | 1.375% | 1.875% | 2.125% | 1.750% | 1.625% | 1.250% |
| 640-659 | 0.000% | 0.000% | 1.125% | 1.500% | 2.250% | 2.500% | 2.000% | 1.875% | 1.500% |
| Under 640 | 0.000% | 0.125% | 1.500% | 2.125% | 2.750% | 2.875% | 2.625% | 2.250% | 1.750% |
LTV, loan to value, is the loan amount divided by the home price. A smaller down payment means a higher LTV. Source: Freddie Mac Single-Family Seller/Servicer Guide Exhibit 19, Credit Fees, Section 3 Base Grid for Purchase Mortgages, Bulletin 2026-H, effective 09/09/2026. Freddie Mac Guide, Exhibit 19. Loans without a credit score are charged the under 640 row. This grid does not apply to FHA, VA or USDA loans, and it is not a rate.
What borrowers actually got in 2025
Every mortgage in America is reported under HMDA. These are first-lien conventional purchase loans that closed in 2025.
- Loans counted
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- Median rate
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- Median total loan costs
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- Median origination charges
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- Share who paid discount points
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- Median points paid, when paid
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- Share with lender credits
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- Median loan amount
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Median rate reported to HMDA for first-lien conventional purchase loans, 2025. HMDA does not report APR.
Source: Home Mortgage Disclosure Act loan-level data, Consumer Financial Protection Bureau. Filters: First-lien conventional loans (loan_type 1, lien_status 1) for a home purchase (loan_purpose 1) that were originated (action_taken 1). Counties with fewer than 100 loans are left out. FFIEC HMDA Data Browser. Closed loans that were already funded in 2025. These are not offers and not a forecast of what a reader will be quoted.
Why applications were denied here
Uses the state and county picked above. Same first-lien conventional purchase applications, 2025, including denials, approvals, and originations.
Top three reasons cited
Source: Home Mortgage Disclosure Act loan-level data, Consumer Financial Protection Bureau. Filters: First-lien conventional loans (loan_type 1, lien_status 1) for a home purchase (loan_purpose 1) with action_taken 1, 2 or 3 (originated, approved but not accepted, or denied). Counties with fewer than 100 applications are left out. FFIEC HMDA Data Browser. Only the first reported denial reason (denial_reason-1) is counted; a denial can carry up to three more reasons that are not counted here. Code 10, not applicable, is excluded from the reason share. DTI (debt-to-income) and LTV (loan-to-value) come straight from the HMDA fields as reported by the lender; DTI is sometimes reported as an exact number and sometimes as a range, and this file buckets both the same way. This is closed 2025 application data, a historical population pattern, not a prediction of what will happen to any one applicant, and not a statement that any lender caused a denial.
Primary Mortgage Market Survey® data provided by Freddie Mac. How we calculate and rank rates.