Interest Rates
As of 08/04/26
The market rates above are based on assumptions that might be different from your situation (you can read the fine print below). That means your rate could be better or worse than what you see above based on your scenario.
Click below to get your personal rate quote:
¹Advertised rates assume the closest rate to 2 Discount Points paid at closing, which is intended to help potential borrowers compare our rates to advertised rates of large, online lenders. All Rates and Terms subject to change without notice. This is not a commitment to lend. For all rates shown we assume a $400k Purchase Price in TX, 20% down for Conventional, 0% down for VA, 3.5% down for FHA, 770 FICO, Single Family, Primary Residence with 2 discount points included. A Discount Point is a one-time fee paid at closing to lower the interest rate. 1 Point = 1% of the loan amount. APR = Annual Percentage Rate, which is the interest rate plus lender fees charged. Other rates, points, and terms may be available. All loans are subject to credit and property approval. VA loans may include a funding fee, which may be financed up to the maximum allowed loan amount.
Frequently Asked Questions
Have questions? We’re here to help you understand your options with clear, honest answers.
What's the Difference Between Interest Rate and APR?
Your interest rate is the cost you pay each year to borrow the money – it affects your monthly payment directly.
Your APR (Annual Percentage Rate) includes that interest rate plus most of the fees and costs associated with getting the loan, shown as a yearly rate.
In other words, the APR gives you a more complete picture of what your mortgage actually costs over time. The difference between the two reflects things like lender fees, discount points, and other closing costs spread out over the life of the loan.
What is a Discount Point?
A discount point is an optional upfront fee you can pay at closing to lower your interest rate. Each point typically costs 1% of your loan amount.
Paying points is sometimes called “buying down the rate.”
It’s basically a trade-off: you pay more now to get a lower monthly payment for the duration of your loan.
What Causes Mortgage Rates to Go Up or Down?
Mortgage rates move based on what’s happening in the broader economy.
Rates tend to rise when the economy is strong, inflation is higher, or the Federal Reserve is raising its benchmark rate to slow things down. They tend to fall when the economy cools, inflation eases, or investors move money into safer assets like mortgage bonds.
In short:
When inflation and growth heat up, rates usually go up.
When the economy slows, rates usually go down.
While these big-picture trends set the direction, your personal rate will still depend on things like your credit, down payment, and loan type.
How Often do Mortgage Rates Change?
Mortgage rates can change daily, sometimes even multiple times per day depending on market volatility. They’re driven by broader economic factors like inflation, employment reports, and Federal Reserve policy. For the most accurate quote, contact us for a custom rate quote.
What Impacts the Rate That I Qualify For?
Your exact rate depends on a few personal and property factors, including:
Credit score
Loan type (Conventional, FHA, VA, etc.)
Loan amount
Down payment
Debt-to-income ratio
Property type and occupancy
Market conditions at the time of lock
Two borrowers can see very different rates even on the same day based on these variables. This is why it’s important for you to check in with a loan officer for your custom rate quote. When you’re ready, we’re standing by to assist you in understanding what rate you might qualify for.
How Can I Get the Lowest Rate?
Your mortgage rate is based on how likely you are to make your payments on time – in other words, how much risk the lender is taking. The stronger your financial profile, the better your rate is likely to be.
Here are some of the key factors that help determine your rate:
Your credit profile: shows how you’ve managed debt and made payments in the past. Your FICO score, and all the debts you currently owe will factor into this part.
Your down payment: the more you put down, the less you need to borrow – which can mean a lower rate.
Your debt-to-income ratio (DTI): compares what you owe each month to what you earn, showing how comfortably you can afford your home.
- The Property Type: Primary residences usually get the lowest rates, while second homes and investment properties often have slightly higher rates because they carry more repayment risk.
While all of these things matter, our job is to help you get the best rate possible for your situation, and to structure your loan in a way that helps you reach your homeownership goals with confidence.
When Can I Lock my Interest Rate?
You can lock once you’ve submitted an application and provided required information.
Common lock periods are 15 and 30 days. Your Loan Officer will recommend the best option based on your closing timeline and market conditions.
