Today's mortgage and refinance rates
Updated Oct 7, 2026Your estimate · 30-year fixed refinance · National
- Rate
- 7.356%
- APR
- 7.476%
Principal and interest: $2,758 a month on $400,000
Estimate for Oct 6, 2026. Assumes 760–779 credit, 20% down, $400,000 loan, 1.21 points: the rate is quoted at the points typical for this loan.
A national estimate, the same in every state. A local adjustment, from the loans lenders report under the Home Mortgage Disclosure Act (HMDA), comes later.
Estimate, not an offer. Built from Average prime offer rates (FFIEC), week of Oct 5, 2026; Loan-level price adjustments (Fannie Mae), dated Sep 30, 2026; Daily Treasury par yield curve (U.S. Treasury), Oct 6, 2026.
Average prime offer rates published by the FFIEC for the Consumer Financial Protection Bureau; a U.S. government work in the public domain.
Borrower adjustments derived from Fannie Mae's Loan-Level Price Adjustment Matrix dated September 30, 2026. Fannie Mae does not endorse these estimates.
10-year par yield from the U.S. Department of the Treasury's daily par yield curve rates.
Is it time to refinance?
An example loan: 7.875%, $412,000, 27 years left.
6.68%
Not yetIts trigger rate, against today's 7.256% 30-year fixed refinance estimate: 0.576 points to go.
Estimate, not an offer. Built from Average prime offer rates (FFIEC), week of Oct 5, 2026; Loan-level price adjustments (Fannie Mae), dated Sep 30, 2026; Daily Treasury par yield curve (U.S. Treasury), Oct 6, 2026; Refinance trigger (Agarwal, Driscoll and Laibson), dated Oct 6, 2026.
Average prime offer rates published by the FFIEC for the Consumer Financial Protection Bureau; a U.S. government work in the public domain.
Borrower adjustments derived from Fannie Mae's Loan-Level Price Adjustment Matrix dated September 30, 2026. Fannie Mae does not endorse these estimates.
10-year par yield from the U.S. Department of the Treasury's daily par yield curve rates.
The trigger follows Agarwal, Driscoll and Laibson, "Optimal Mortgage Refinancing: A Closed-Form Solution", Journal of Money, Credit and Banking, 2013, with that paper's assumptions except the tax rate.
Loan limits where you live
- Conforming, 2026
- $832,750 in most counties
- FHA, 2026
- $541,287 in most counties
Published limits. From FHA loan limits (HUD), 2026; Conforming loan limits (FHFA), 2026.
FHA forward mortgage limits by county from the U.S. Department of Housing and Urban Development; a U.S. government work in the public domain.
Conforming loan limits by county from the Federal Housing Finance Agency; a U.S. government work in the public domain.