Mortgage rate report — week of 2026-10-26
Published 2026-10-26
Ralo's illustrative 30-year fixed rate is 6.625% (6.66% APR), down 0.25 percentage points over 30 days and 0.695 percentage points below the Freddie Mac PMMS average of 7.32%. Ralo's illustrative 20-year fixed rate is 6.375% (6.42% APR), down 0.615 percentage points over 30 days, while the 15-year fixed is 6.125% (6.18% APR), down 0.25 percentage points.
In the 30-year fixed scenario by credit score and down payment, a 780 score with 20% down shows a range of 6.625% – 6.75% (6.7% – 6.841% APR), while a 660 score with 5% down shows 7% – 7.125% (7.657% – 7.823% APR). By state at a 740 score with 20% down, CA shows 6.875% (6.916% – 6.922% APR) versus a TX range of 6.625% – 6.875% (6.7% – 6.967% APR).
On the ARM desk, the 30-day average SOFR is 3.888%. Ralo's illustrative 5/6 ARM is 6.125% (6.443% APR), priced 2026-10-26, with a 2.75% margin and 2/1/5 caps.
Ralo vs the market: Ralo’s illustrative 30-year fixed rate is 6.625% (6.66% APR), priced 2026-10-25, against a Freddie Mac PMMS 30-year national average of 7.32% (as of 2026-10-22).
| Term | Illustrative rate | APR | 30-day change |
|---|---|---|---|
| 30-year fixed | 6.625% | 6.66% | -0.250 pts |
| 20-year fixed | 6.375% | 6.42% | -0.615 pts |
| 15-year fixed | 6.125% | 6.18% | -0.250 pts |
Illustrative 30-year ranges by credit band (2026-10-23):
| Credit score | Down payment | Rate range | APR range |
|---|---|---|---|
| 780 | 20% down | 6.625% – 6.75% | 6.7% – 6.841% |
| 780 | 5% down | 6.625% – 6.75% | 6.962% – 7.104% |
| 740 | 20% down | 6.625% – 6.875% | 6.7% – 6.967% |
| 740 | 5% down | 6.75% – 6.875% | 7.156% – 7.319% |
| 700 | 20% down | 6.625% – 6.99% | 6.7% – 7.083% |
| 700 | 5% down | 6.875% – 6.99% | 7.348% – 7.504% |
| 660 | 20% down | 6.625% – 7.125% | 6.7% – 7.219% |
| 660 | 5% down | 7% – 7.125% | 7.657% – 7.823% |
Local ranges (30-year fixed, 740 score, 20% down; 2026-10-23):
| State | Rate range | APR range |
|---|---|---|
| CA | 6.875% | 6.916% – 6.922% |
| CO | 6.875% | 6.918% – 6.928% |
| TX | 6.625% – 6.875% | 6.7% – 6.967% |
Full county-level history: the City Rate Index.
ARM desk: the 30-day average SOFR is 3.888% (2026-10-22); an illustrative Ralo 5/6 ARM priced 2026-10-26 is 6.125% (6.443% 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.