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Mortgage Glossary
Below are some common
(and not so common)
mortgage terms.
A
Adjustable Rate Mortgage
Amortization
C
Closing Costs
D
Debt-to-Income Ratio
E
Escrow
✖
Today's Mortgage Rates for
April, 18 2026
Conventional 30 YR Fixed Rate Options
Rate
APR
Points
Option
5.750%
5.942%
1.787 Points
Lowest Rate, Higher Fees
5.990%
6.087%
0.769 Points
Low Rate, Normal Fees
6.250%
6.298%
0.242 Points
Competitive Rate, Less Fees
6.500%
6.526%
-0.619 Points
Lowest Total, Lender Credit
Conventional 15 YR Fixed Rate Options
Rate
APR
Points
Option
5.125%
5.424%
1.672 Points
Lowest Rate, Higher Fees
5.375%
5.531%
0.743 Points
Low Rate, Normal Fees
5.750%
5.805%
0.086 Points
Competitive Rate, Less Fees
5.875%
5.916%
-0.429 Points
Lowest Total, Lender Credit
FHA 30 YR Fixed Rate Options
Rate
APR
Points
Option
5.500%
6.418%
1.809 Points
Lowest Rate, Higher Fees
5.990%
6.795%
0.603 Points
Low Rate, Normal Fees
6.250%
7.009%
0.114 Points
Competitive Rate, Less Fees
6.500%
7.251%
-0.891 Points
Lowest Total, Lender Credit
FHA 15 YR Fixed Rate Options
Rate
APR
Points
Option
5.375%
6.390%
1.811 Points
Lowest Rate, Higher Fees
6.000%
6.834%
0.658 Points
Low Rate, Normal Fees
6.250%
7.045%
0.405 Points
Competitive Rate, Less Fees
VA 30 YR Fixed Rate Options
Rate
APR
Points
Option
5.375%
5.758%
1.701 Points
Lowest Rate, Higher Fees
5.750%
6.070%
0.964 Points
Low Rate, Normal Fees
5.875%
6.145%
0.426 Points
Competitive Rate, Less Fees
6.250%
6.484%
-0.437 Points
Lowest Total, Lender Credit
VA 15yr Fixed Rate Options
Rate
APR
Points
Option
5.000%
5.661%
1.790 Points
Lowest Rate, Higher Fees
5.500%
5.987%
0.664 Points
Low Rate, Normal Fees
5.875%
6.313%
0.331 Points
Competitive Rate, Less Fees
Jumbo 30 YR Fixed Rate Options
Rate
APR
Points
Option
5.750%
5.941%
1.933 Points
Lowest Rate, Higher Fees
6.000%
6.102%
0.979 Points
Low Rate, Normal Fees
6.250%
6.281%
0.219 Points
Competitive Rate, Less Fees
6.490%
6.501%
-0.510 Points
Lowest Total, Lender Credit
Jumbo 15 YR Fixed Rate Options
Rate
APR
Points
Option
5.625%
5.947%
1.943 Points
Lowest Rate, Higher Fees
6.000%
6.127%
0.696 Points
Low Rate, Normal Fees
6.125%
6.193%
0.324 Points
Competitive Rate, Less Fees
6.490%
6.508%
-0.446 Points
Lowest Total, Lender Credit
USDA 30 YR Fixed Rate Options
Rate
APR
Points
Option
5.375%
6.028%
1.836 Points
Lowest Rate, Higher Fees
5.625%
6.173%
0.717 Points
Low Rate, Normal Fees
5.875%
6.356%
-0.698 Points
Lowest Total, Lender Credit