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Mortgage rates for July 1, 2026
Compare today’s FHA mortgage rates from multiple lenders and see what options you may qualify for.
100% secured. No impact to your credit scores.
3.5% down payment
520 minimum credit score
Loan amount up to $688,850 in most counties
Fixed and ARM Options
Primary Home Only
Rates updated as of July 1 , 2026
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed-rate FHA | 6.245% | 7.257% |
| 15-year fixed-rate FHA | 5.188% | 6.15% |
| 5-year ARM FHA | 5.25% | 6.725% |
| Product | Interest rate | APR |
|---|---|---|
| 30-year fixed-rate FHA | 6.1% | 7.191% |
| 15-year fixed-rate FHA | 5.286% | 6.336% |
| 5-year ARM FHA | 5.338% | 6.804% |
Purchase and refinance FHA mortgage rates updated as of July 1, 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. Not a commitment to lend. Data Source: Zillow Inc. 2006-2026.
740+ borrowers typically get the best pricing.
A higher down payment typically improves the rate.
15 year loans have better rate than 30 year mortgages
Single family homes have better rates than condos.
Primary residences have better interest rates than investment hmes.
Loan sizes can impact pricing adjustments.
So far, 2026 has been one of the most volatile years in the mortgage industry.
Rates started the year much lower compared to the last 3 years. Unfortunately, the war in Iran has caused a spike in oil prices and inflation which has made rates jump once again.
According to experts, mortgage rates are expected to remain in the 6% rate range through the end of 2026 and beginning of 2027. Furthermore, economists believe the Federal Reserve will not be cutting rates until the middle or end of 2027.
Getting the best possible rates depends on several key factors.
Having strong credit scores is crucial to getting the best rates. If you want to get the best or lowest 30 year fixed rates available for your loan type, everything starts here.
Next, a substantial down payment will further improve your chances of receiving great rates. The more “skin in the game” that you have, the less risk lenders see and therefore, you get to have a lower interest rate.
Tip: Once you find the right loan option, locking your rate can help protect you from market changes while your loan is being processed.
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.
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.
Which one is the better one for you?
|
Requirement
|
FHA Loan
|
Conventional Loan
|
|---|---|---|
|
Credit Score
|
580+ (3.5% down)
|
No minimum
|
|
Minimum down payment
|
3.5%
|
3%
|
|
Debt to income ratio (DTI)
|
Up to 57%
|
Up to 49.9%
|
|
Loan Limits
|
||
|
Mortgage Insurance
|
Required
|
Not required with 20% down
|
|
Occupancy
|
Primary, vacation, investment
|
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.
FHA mortgage rates change daily based on market conditions, inflation data, mortgage-backed securities pricing, and lender guidelines. Your actual interest rate will depend on factors such as your credit scores, loan amount, location and overall financial profile.
Borrowers who typically receive the best FHA mortgage rates often have:
Even small improvements to your financial profile can significantly impact your rate.
The minimum credit score for an FHA loan is 520 when the borrower puts down a minimium of 10%. However, FHA’s minimum credit score requirement is 580 when the borrower puts the minimum down payment requirement of 3.5%.
Generally speaking, if your credit scores are strong, for example, 700 ore more, a conventional loan will be more advantageous than an FHA loan.
However, if your credit scores are poor or under 680, FHA loans tend to be the better option as rates for FHA loans can be lower than a conventional mortgage.
FHA mortgages require an upfront mortgage insurance and a monthly mortgage insurance, both being more expensive than a conventional loan which does not have an upfront PMI.
The main goal of FHA loans is to help borrowres whose credit isn’t the best.
FHA loans have some of the most loose credit history and credit requirements out of any loan. In fact, most borrowers can qualify for an FHA with a minimum credit score of 580 and a 3.5% down payment.
FHA loans can help you with a mortgage even with a 520 credit score but you must put at least 10% down.
Homebuyers and homeowners who may have had serious financial events such as foreclosures, bankruptcies or short sales may also be able to qualify for FHA financing with less issues than with a conventional mortgage.
Yes. FHA financing allows borrowers to purchase 2–4 unit properties while occupying one of the units as their primary residence. This is one of the most popular strategies for first-time investors and house hackers.
Get a personal rate in minutes and explore your best loan options – no impact to your credit.
Book a call and get personalized information.
Skip the wait and get started on your pre-approval asap.