Compare current FHA loan rates

You may be wondering whether to buy now or hold off in hopes that rates will come down. Mortgage rates shift constantly, so keeping an eye on the trend chart can help you understand where the market may be headed.

However, rates can move quickly and without much warning. A short-lived dip can disappear before you have time to act, and rising home prices can offset any savings on interest. 

“Trying to time the market perfectly can be a bit of a fool's errand”, says Andrew Dehan, Bankrate senior writer and home lending expert. “Mortgage rates have a complex relationship with the economy. You can keep an eye on the 10-year Treasury bond yield, which fixed rates are based on. When this number is down, mortgage rates typically are, too.”

Watching inflation signals or shifts in tone from the Federal Reserve can help provide context, but Dehan says “it may be more productive to focus on improving your finances, which will also impact your mortgage rate.”

Key factors that influence Federal Housing Administration (FHA) mortgage interest rates include:

• Your financial profile: Generally, the larger your down payment and the higher your credit score, the lower your rate will be.
• Loan characteristics: An FHA cash-out refinance will typically have a higher rate than an FHA purchase loan. Your loan amount and loan term also make a difference, with larger amounts and longer terms garnering higher rates.
• Market conditions and lender policies: If rates are generally higher or lower when you take out your FHA loan, that — as well as a lender's specific policies — will also influence your rate.

Because the FHA insures these loans rather than lending the money directly, individual lenders have flexibility in setting their own rates, fees and credit requirements. Following these steps may help you secure the best deal:  

Before moving forward with an FHA rate, see if you qualify for a different type of mortgage that costs less over time, even if the starting rate looks similar. 

Below are some of the costs associated with an FHA loan vs. a 30-year conventional or VA loan. Keep in mind that interest rates depend on the market and the borrower's creditworthiness.

^{Note: These mortgage interest rates are as of April 20, 2026. The figures do not include homeowners insurance, property taxes or other costs that might be included with your monthly mortgage payment.}

^{* VA loans require a VA funding fee instead of mortgage insurance, which can be paid up front or rolled into your monthly payments over the life of the loan. The funding fee was calculated for a regular military member who has not had a VA loan before and is not disabled 10% or more.}