Mortgage rate report — week of 2026-10-05
Published 2026-10-05
Ralo's illustrative 30-year fixed rate is 6.99% (7.067% APR), up 0.74 percentage points over 30 days and 0.29 percentage points below the Freddie Mac PMMS average of 7.28%. Ralo's illustrative 20-year fixed rate is 7.125% (7.227% APR), up 1.135 percentage points over 30 days, while Ralo's illustrative 15-year fixed rate is 6.5% (6.617% APR), up 0.875 percentage points over 30 days.
On the credit side, Ralo's illustrative 30-year fixed range for a 780 credit score with 20% down is 6.875% – 7.49% (6.973% – 7.563% APR), versus 6.875% – 7.625% (7.588% – 8.466% APR) for a 660 credit score with 5% down. By state, Ralo's illustrative 30-year fixed range at a 740 credit score with 20% down is 7.125% – 7.75% (7.201% – 7.828% APR) in CA, while TX is 6.875% – 7.125% (6.991% – 7.234% APR).
At the ARM desk, the 30-day average SOFR is 3.754%. Ralo's illustrative 5/6 ARM is 6.625% (6.566% APR), with a margin of 2.75% and caps of 2/1/5.
Ralo vs the market: Ralo’s illustrative 30-year fixed rate is 6.99% (7.067% APR), priced 2026-10-04, against a Freddie Mac PMMS 30-year national average of 7.28% (as of 2026-10-01).
| Term | Illustrative rate | APR | 30-day change |
|---|---|---|---|
| 30-year fixed | 6.99% | 7.067% | +0.740 pts |
| 20-year fixed | 7.125% | 7.227% | +1.135 pts |
| 15-year fixed | 6.5% | 6.617% | +0.875 pts |
Illustrative 30-year ranges by credit band (2026-10-02):
| Credit score | Down payment | Rate range | APR range |
|---|---|---|---|
| 780 | 20% down | 6.875% – 7.49% | 6.973% – 7.563% |
| 780 | 5% down | 6.875% – 7.49% | 7.235% – 7.849% |
| 740 | 20% down | 6.875% – 7.75% | 6.991% – 7.828% |
| 740 | 5% down | 6.875% – 7.625% | 7.346% – 8.089% |
| 700 | 20% down | 6.875% – 7.625% | 6.991% – 7.783% |
| 700 | 5% down | 6.875% – 7.625% | 7.41% – 8.218% |
| 660 | 20% down | 6.875% – 7.625% | 6.991% – 7.842% |
| 660 | 5% down | 6.875% – 7.625% | 7.588% – 8.466% |
Local ranges (30-year fixed, 740 score, 20% down; 2026-10-02):
| State | Rate range | APR range |
|---|---|---|
| CA | 7.125% – 7.75% | 7.201% – 7.828% |
| TX | 6.875% – 7.125% | 6.991% – 7.234% |
Full county-level history: the City Rate Index.
ARM desk: the 30-day average SOFR is 3.754% (2026-10-01); an illustrative Ralo 5/6 ARM priced 2026-10-05 is 6.625% (6.566% APR) with a 2.75% margin and 2/1/5 caps. Mechanics and history: the ARM Index.
Rates are illustrative examples, not a loan approval, rate lock, or commitment. Ralo is an automated mortgage broker — not a lender — available where licensed: California, Colorado, and Texas.