Mortgage rate report — week of 2026-10-19
Published 2026-10-19
Ralo's illustrative 30-year fixed rate is 6.75% (6.798% APR), up 0.125 percentage points over 30 days and 0.65 percentage points below the Freddie Mac PMMS average of 7.4%. The 20-year fixed sits at 6.49% (6.551% APR), down 0.26 percentage points over the same period, while the 15-year fixed is 6.125% (6.199% APR), unchanged.
In the 30-year fixed scenario by credit score and down payment, a 780 score with 20% down shows 6.75% – 6.875% (6.794% – 6.941% APR), while a 660 score with 5% down shows 7.125% – 7.375% (7.784% – 8.065% APR). By state at a 740 score with 20% down, Texas shows 6.75% – 6.875% (6.853% – 7.005% APR) versus California at 6.875% – 7% (6.919% – 7.066% APR).
On the ARM desk, Ralo's illustrative 5/6 ARM is 6.5% (6.591% APR), with a 2.75% margin and 2/1/5 caps, against a 30-day average SOFR of 3.866%.
Ralo vs the market: Ralo’s illustrative 30-year fixed rate is 6.75% (6.798% APR), priced 2026-10-18, against a Freddie Mac PMMS 30-year national average of 7.4% (as of 2026-10-15).
| Term | Illustrative rate | APR | 30-day change |
|---|---|---|---|
| 30-year fixed | 6.75% | 6.798% | +0.125 pts |
| 20-year fixed | 6.49% | 6.551% | -0.260 pts |
| 15-year fixed | 6.125% | 6.199% | 0.000 pts |
Illustrative 30-year ranges by credit band (2026-10-16):
| Credit score | Down payment | Rate range | APR range |
|---|---|---|---|
| 780 | 20% down | 6.75% – 6.875% | 6.794% – 6.941% |
| 780 | 5% down | 6.75% – 6.875% | 7.066% – 7.245% |
| 740 | 20% down | 6.75% – 7% | 6.853% – 7.066% |
| 740 | 5% down | 6.875% – 6.99% | 7.281% – 7.42% |
| 700 | 20% down | 6.75% – 7.125% | 6.838% – 7.192% |
| 700 | 5% down | 6.99% – 7.125% | 7.465% – 7.623% |
| 660 | 20% down | 6.75% – 7.375% | 6.838% – 7.444% |
| 660 | 5% down | 7.125% – 7.375% | 7.784% – 8.065% |
Local ranges (30-year fixed, 740 score, 20% down; 2026-10-16):
| State | Rate range | APR range |
|---|---|---|
| CA | 6.875% – 7% | 6.919% – 7.066% |
| CO | 6.875% | 6.927% – 6.941% |
| TX | 6.75% – 6.875% | 6.853% – 7.005% |
Full county-level history: the City Rate Index.
ARM desk: the 30-day average SOFR is 3.866% (2026-10-15); an illustrative Ralo 5/6 ARM priced 2026-10-19 is 6.5% (6.591% 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.