What is a good mortgage rate in 2026?
Answer
Anything under 6.5% is competitive for a 30-year fixed mortgage in 2026
30-year fixed rates in 2026 typically range from 6.0%-7.0%15-year fixed rates are usually 0.5%-0.75% lower than 30-year ratesExcellent credit (740+) qualifies for the best available ratesEach 0.25% rate reduction saves about $15/month per $100K borrowedCompare offers from at least 3 lenders — rates vary significantlyPoints (prepaid interest) can lower your rate by 0.25% per point
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How We Calculated This
M = P x [r(1+r)^n] / [(1+r)^n - 1]
$300K at 6.5% for 30 years = $1,896/month vs 7.0% = $1,996/month ($100/month difference)
Related Calculations
What is the monthly payment on a $100,000 mortgage at 5% for 15 years?$791/monthWhat is the monthly payment on a $100,000 mortgage at 5.25% for 15 years?$804/monthWhat is the monthly payment on a $100,000 mortgage at 5.5% for 15 years?$817/monthWhat is the monthly payment on a $100,000 mortgage at 5.75% for 15 years?$830/monthWhat is the monthly payment on a $100,000 mortgage at 6% for 15 years?$844/month
Calculated using verified formulas. Last updated March 2026.