Mortgage Rates Today: October 8, 2026
As of October 7, 2026, the national average 30-year fixed mortgage rate is 7.46%, up 15 basis points from last week. The national average for the 15-year fixed is 6.87%, up 11 basis points from last week. The national average for the 30-year VA rate is 7.03%, up 16 basis points from last week.
Full series and methodology: the Rates.Now Mortgage Rate Index
NATIONAL AVG. MORTGAGE RATES
30-Year Fixed
7.46%
Up0.15%7d
15-Year Fixed
6.87%
Up0.11%7d
VA 30-Yr Fixed
7.03%
Up0.16%7d
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NMLS #613839
Quote ID #58782141
va home loan
30 Yr Fixed
Points:
0
6.875
Rate
7.039
APR
$0
Upfront costs
$2,628
Mo. payment
NMLS #757416
Quote ID #58806686
va home loan
30 Yr Fixed
Points:
0.21
6.875
Rate
7.019
APR
$851
Upfront costs
$2,628
Mo. payment
NMLS #579225
Quote ID #58802803
va home loan
30 Yr Fixed
Points:
0
7.125
Rate
7.293
APR
$0
Upfront costs
$2,695
Mo. payment
NMLS #1675638
Quote ID #58770787
va home loan
30 Yr Fixed
Points:
-0.125
7.125
Rate
7.323
APR
$669
Upfront costs
$2,695
Mo. payment
NMLS #613839
Quote ID #58783072
conventional
30 Yr Fixed
Points:
0.25
7.375
Rate
7.573
APR
$1,795
Upfront costs
$2,763
Mo. payment
NMLS #757416
Quote ID #58807365
conventional
30 Yr Fixed
Points:
0.092
7.375
Rate
7.562
APR
$1,363
Upfront costs
$2,763
Mo. payment
NMLS #1675638
Quote ID #58771523
conventional
30 Yr Fixed
Points:
0.125
7.500
Rate
7.698
APR
$1,675
Upfront costs
$2,797
Mo. payment
NMLS #579225
Quote ID #58803430
conventional
30 Yr Fixed
Points:
-0.125
7.750
Rate
7.936
APR
$495
Upfront costs
$2,866
Mo. payment
Loan Types:
va home loan
Different loan types have different eligibility requirements and benefits. Select loan types using the filters in the search form.
Current purchase & refinance rates
| Program | Rate | APR | Change |
|---|---|---|---|
Mortgage Rate Trends
Loan Purpose
VA 30-Yr Fixed Rate Trends
Time Interval
Data source: BankingBridge API. Updated daily.
Today's Mortgage Rates: October 8, 2026
Mortgage rates change daily in response to economic data, Federal Reserve policy, bond market movements, and lender competition. The rates shown above are pulled live from VA-approved lenders and reflect real offers available to qualified borrowers as of October 8, 2026.
What Are Today's Average Mortgage Rates?
The rate table above shows current offers across the most common loan programs — VA 30-year fixed, VA 15-year fixed, conventional 30-year fixed, FHA, and adjustable-rate mortgages. Each rate comes directly from participating lenders and reflects real pricing, not teaser rates.
VA loans typically carry the lowest rates of any loan type because the government guarantee reduces lender risk. If you're an eligible veteran, active-duty servicemember, or surviving spouse, a VA loan is almost always the most competitive option available.
What Affects Mortgage Rates?
Several factors drive rate movements day to day:
- 10-year Treasury yield — Mortgage rates closely track the 10-year Treasury. When bond yields rise, mortgage rates typically follow.
- Federal Reserve policy — The Fed's decisions on the federal funds rate and bond purchases directly influence borrowing costs across the economy.
- Inflation data — Higher inflation tends to push rates up; cooling inflation gives lenders room to lower them.
- Employment reports — Strong jobs numbers often signal economic strength, which can push rates higher.
- Lender competition — Different lenders price risk differently. Comparing at least three lenders on the same day can save thousands over the life of a loan.
How to Get the Best Mortgage Rate Today
The rate any individual lender offers you depends on your credit score, loan-to-value ratio, debt-to-income ratio, loan type, and property state. To secure the lowest rate available:
- Check your credit score and correct any errors before applying.
- Compare quotes from at least three lenders on the same day.
- Consider buying down your rate with discount points if you plan to stay long-term.
- Ask lenders to lock your rate once you find a competitive offer.
VA Loan Rates Today
VA loans offer the lowest average rates of any loan program — typically 0.25–0.50% below comparable conventional loans. They require no down payment, no private mortgage insurance (PMI), and have flexible credit requirements. The funding fee (1.25–3.3% of the loan, waived for service-related disabilities) is the primary cost unique to VA loans.
Eligible borrowers should compare VA rates from multiple VA-approved lenders before committing. Use the rate table above to see live offers side by side.