Updated July 02, 2026
Use the latest weekly mortgage benchmark, payment estimates, and refinance context to compare offers before speaking with a lender.
Data source: Freddie Mac PMMS. Rates are planning benchmarks, not guaranteed lender offers.
Featured benchmark
Weekly PMMS benchmark for conforming purchase loans
Compare the weekly fixed-rate benchmark with a refinance planning estimate before requesting personalized quotes.
Weekly PMMS benchmark for conforming purchase loans
Rate
6.43%
APR
6.58%
Shorter term with lower lifetime interest
Rate
5.79%
APR
5.94%
Planning estimate based on the 30-year benchmark plus lender spread
Rate
6.58%
APR
6.73%
Estimate principal and interest using the current weekly benchmark rate.
Estimated monthly principal and interest
$2,259
The latest PMMS benchmark shows fixed mortgage rates easing from the prior week. A lower benchmark can improve affordability, but lender quotes still depend on credit score, down payment, loan size, property type, points, and market timing.
Treat the national average as a baseline, then compare personalized APRs from multiple lenders. The APR matters because it reflects rate plus certain loan costs.
No. The benchmark rates are weekly market averages and planning estimates. Actual quotes vary by lender and borrower profile.
Check at least weekly while shopping, and more often when you are close to locking a loan.
Track 30-year fixed mortgage rates, estimate a monthly payment, and compare lender quotes.
Compare 15-year fixed mortgage rates and estimate payments for a shorter loan term.
Compare refinance rate benchmarks and estimate whether refinancing could lower your monthly payment.
Estimate refinance savings, break-even timing, and payment changes using current mortgage rate assumptions.
Calculate principal and interest payments for common U.S. mortgage rates and loan terms.