mortgage rates for June 21, 2026
Mortgage Rates Today
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Today’s Rate Snapshot
Updated: June, 21 2026
30-yr. fixed
6.327%
6.331% APR
6.331% APR
15-yr. fixed
5.852%
5.858% APR
5.858% APR
30-yr. fixed FHA
-
- APR
- APR
30-yr. fixed VA
5.755%
5.757% APR
5.757% APR
purchase rates
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed-rate | 6.327% | 6.331% |
| 20-year fixed-rate | 6.101% | 6.104% |
| 15-year fixed-rate | 5.852% | 5.858% |
| 10-year fixed-rate | 6.075% | 6.1% |
| 7-year ARM | 6.062% | 6.253% |
| 5-year ARM | 6.09% | 6.346% |
| 30-year fixed-rate FHA | - | - |
| 15-year fixed-rate FHA | 5.333% | 6.033% |
| 30-year fixed-rate VA | 5.755% | 5.757% |
| 15-year fixed-rate VA | 5.472% | 5.473% |
refinance rates
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed-rate | 6.242% | 6.245% |
| 15-year fixed-rate VA | 5.231% | 5.412% |
| 20-year fixed-rate | 5.84% | 5.844% |
| 15-year fixed-rate | 5.632% | 5.639% |
| 10-year fixed-rate | 5.414% | 5.427% |
| 7-year ARM | 5.896% | 6.154% |
| 5-year ARM | 6.024% | 6.32% |
| 30-year fixed-rate FHA | - | - |
| 15-year fixed-rate FHA | 5.513% | 6.221% |
| 30-year fixed-rate VA | 5.618% | 5.828% |
Purchase and refinance mortgage rates updated as of June 21, 2026. Rates are informational only and subject to change. Personalized rates may vary based on credit score, loan amount, property type, occupancy, discount points, and other loan factors. Data Source: Zillow Inc. 2006-2026.
what today's rates means for buyers
Mortgage rates move every day based on economic data, inflation trends, bond market activity, and investor demand. The rates you see online are a helpful starting point, but your actual mortgage rate will depend on your credit score, down payment, loan amount, property type, occupancy, and the loan program you choose.
A higher credit score, larger down payment, and lower debt-to-income ratio can help you qualify for a more competitive rate. Working with a mortgage broker can also give you access to more lender options, which may help you compare different structures and find the right fit for your goals.
How to compare mortgage rates
The lowest advertised interest rate is not always the best deal. To compare mortgage offers fairly, look at the interest rate, APR, discount points, lender fees, estimated monthly payment, and total cash needed to close. A loan with a slightly higher rate but lower upfront costs may be better depending on how long you plan to keep the mortgage.
You should also compare loan programs, not just rates. Conventional, FHA, VA, jumbo, ARM, and non-QM loans can all price differently based on your profile. The best mortgage rate is the one that fits your budget, timeline, and long-term financial plan.
Tip: Once you find the right loan option, locking your rate can help protect you from market changes while your loan is being processed.
Interest Rate vs APR
Your interest rate is the cost of borrowing money. APR includes the interest rate plus certain lender fees and costs, giving you a clearer picture of the loan’s total cost over time.
Learn More →
What Affects Your Rate?
Your credit score, down payment, debt-to-income ratio, loan amount, property type, and occupancy can all affect your mortgage rate. Market factors like inflation and the 10-year Treasury also play a role.
Learn More →
30 Year vs 15 Year
A 30-year mortgage usually gives you a lower monthly payment and more flexibility. A 15-year mortgage typically has a lower rate, higher payment, and can save you interest over time.
Learn More →
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We compare rates from 40+ lenders to find competitive options that fit your needs. You’ll get expert guidance, personalized solutions, and a partner who works for you.
why work with a mortgage broker?
We compare rates from 40+ lenders to find competitive options that fit your needs. You’ll get expert guidance, personalized solutions, and a partner who works for you.
Frequently asked questions
Why should you compare mortgage rates
Comparing today’s mortgage rates is a vital step in the home-buying or refinance process, as even a slight difference in rates can have a significant impact on the total cost of a loan over its lifetime. By thoroughly comparing rates from various lenders, borrowers can identify the most favorable terms, potentially saving thousands of dollars in interest payments.
As mortgage brokers, Andes Mortgage LLC has the ability to compare over 30 lenders for you when you start the home loan process with us.
You can click this link to get pre-approved and check the best rate you qualify for. The rates you see in the table above are national average rates provided to Andes Mortgage by our partners at Zillow and designed to give you an idea of what’s going on with today’s mortgage rates. However, they may not be specific to your personal needs.
To get a personalized rate options that you can qualify for, you’ll need to provide some information about the type of process you are looking for, the price or value of the home, your credit score and income. If you would like to see tailor-made options for you, simply start below to get started, and we’ll be sure to get you rate quotes that reflect your situation without inquiring on your credit.
How do I get the best mortgage rate?
The best way to improve your rate options is to strengthen your credit, lower your debt-to-income ratio, save for a larger down payment, compare multiple lenders, and choose the right loan program. Working with a mortgage broker can help because one application can be compared across multiple lenders.
What is the difference between interest rate and APR?
The interest rate is the cost of borrowing the money. APR, or annual percentage rate, includes the interest rate plus certain loan costs and fees. APR can be helpful when comparing offers because it gives you a broader view of the total cost of the loan.
What's the difference between fixed and adjustable rates?
When exploring mortgage options, understanding rate types and terms is crucial. One of the main questions that we receive is which is the better interest rate – a fixed mortgage or a variable loan?
Fixed-Rate Mortgages
These loans have an interest rate that remains constant throughout the loan term and are the most common type of loan chosen by borrowers. In fact, the 30-year fixed mortgage is the most common loan in the United States.
Advantages of a fixed rate mortgage
Some of the most important advantages of a fixed rate mortgage include stability and predictability. With a fixed rate mortgage, you will know exactly how much you’ll pay each month, allowing for easier budgeting and planning. Additionally, if interest rates rise in the future, with a fixed-rate mortgage will not be affected as their rate is locked in.
Downsides of a fixed rate mortgage
However, the downside of a fixed-rate mortgage is that if interest rates drop, borrowers are stuck paying a higher rate than what is currently available in the market. This can result in missed opportunities to lower monthly payments or pay off the mortgage faster. Additionally, a fixed rate mortgage will have a higher interest rate than a variable rate mortgage, as the lender is taking on more risk by locking in a set rate.
Adjustable Rate Mortgages (ARMs)
Variable-rate mortgages, also known as adjustable-rate mortgages (ARMs), have interest rates that fluctuate based on an index such as the prime lending rate. These loans typically start with a lower interest rate for a number of years, most commonly 5, 7 and 10 years. Afterwards, the rate becomes variable and can change twice a year.
Advantages of an Adjustable Rate Mortgage (ARM)
Adjustable Rate Mortgages can offer lower introductory rates, making them an attractive option for borrowers looking to save money in the short term. For example, say you are only planning to stay in the home for 2 or 3 years. You’ll want to opt for a mortgage that offers lower rates than a standard 30 year fixed loan. Or perhaps, you believe that rates are going to drop at some point in the future and refinancing is something you are going to do regardless. These two scenarios are very common amongst those who want to pay less on the financing by taking the risk of not fixing their rate for 30 years.
Downsides of an Adjustable Rate Mortgage (ARM)
The main downside of a variable-rate mortgage is uncertainty after the fixed period has concluded and the borrower enters the variable period. As the interest rate can change periodically, borrowers may face fluctuating monthly payments, making budgeting and planning more challenging.
Additionally, if interest rates increase significantly, borrowers may end up paying more in interest over the life of the loan than they would have with a fixed-rate mortgage. Therefore, it is essential for borrowers to carefully consider their financial situation and long-term goals before choosing an ARM.
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