Mortgage Glossary

Below are some common (and not so common) mortgage terms.

C

Closing Costs

D

Debt-to-Income Ratio

E

Escrow

Today's Mortgage Rates for
October, 23 2026

Conventional 30 YR Fixed Rate Options

Rate	APR	Points	Option
6.750%	6.934%	1.592 Points	Lowest Rate, Higher Fees
6.990%	7.083%	0.662 Points	Low Rate, Normal Fees
7.125%	7.175%	0.237 Points	Competitive Rate, Less Fees
7.375%	7.402%	-0.679 Points	Lowest Total, Lender Credit

Conventional 15 YR Fixed Rate Options

Rate	APR	Points	Option
6.125%	6.413%	1.547 Points	Lowest Rate, Higher Fees
6.375%	6.524%	0.670 Points	Low Rate, Normal Fees
6.625%	6.678%	0.069 Points	Competitive Rate, Less Fees
6.875%	6.918%	-0.524 Points	Lowest Total, Lender Credit

FHA 30 YR Fixed Rate Options

Rate	APR	Points	Option
6.250%	7.168%	1.649 Points	Lowest Rate, Higher Fees
6.375%	7.225%	0.970 Points	Low Rate, Normal Fees
6.625%	7.404%	0.257 Points	Competitive Rate, Less Fees
6.875%	7.630%	-0.862 Points	Lowest Total, Lender Credit

FHA 15 YR Fixed Rate Options

Rate	APR	Points	Option
5.750%	6.748%	1.672 Points	Lowest Rate, Higher Fees
6.000%	6.827%	0.621 Points	Low Rate, Normal Fees
6.375%	7.178%	0.448 Points	Competitive Rate, Less Fees

VA 30 YR Fixed Rate Options

Rate	APR	Points	Option
6.250%	6.629%	1.451 Points	Lowest Rate, Higher Fees
6.500%	6.782%	0.439 Points	Competitive Rate, Less Fees
6.625%	6.908%	0.428 Points	Competitive Rate, Less Fees
6.875%	7.119%	-0.585 Points	Lowest Total, Lender Credit

VA 15yr Fixed Rate Options

Rate	APR	Points	Option
5.750%	6.389%	1.573 Points	Lowest Rate, Higher Fees
6.000%	6.507%	0.740 Points	Low Rate, Normal Fees
6.625%	7.040%	0.134 Points	Competitive Rate, Less Fees

Jumbo 30 YR Fixed Rate Options

Rate	APR	Points	Option
6.250%	6.424%	1.703 Points	Lowest Rate, Higher Fees
6.500%	6.554%	0.453 Points	Competitive Rate, Less Fees
6.500%	6.554%	0.453 Points	Competitive Rate, Less Fees
6.750%	6.761%	-0.547 Points	Lowest Total, Lender Credit

Jumbo 15 YR Fixed Rate Options

Rate	APR	Points	Option
6.250%	6.531%	1.650 Points	Lowest Rate, Higher Fees
6.490%	6.655%	0.922 Points	Low Rate, Normal Fees
6.750%	6.770%	0.014 Points	Competitive Rate, Less Fees
6.875%	6.893%	-0.486 Points	Lowest Total, Lender Credit

USDA 30 YR Fixed Rate Options

Rate	APR	Points	Option
6.250%	6.870%	1.357 Points	Lowest Rate, Higher Fees
6.375%	6.940%	0.797 Points	Low Rate, Normal Fees
6.500%	7.005%	0.194 Points	Competitive Rate, Less Fees
6.750%	7.238%	-0.558 Points	Lowest Total, Lender Credit