What is a good mortgage rate?
As of September 2026 the Freddie Mac average 30-year fixed rate is about 6.95%, so a good rate is anything below 6.75%, with under 6.5% considered excellent. The headline rate depends on credit score (760+ gets the best), down payment (20%+ helps), and lender competition — quotes commonly vary 0.25-0.5% across lenders.
More context
As of September 2026 the Freddie Mac average 30-year fixed rate is about 6.95%, so a good rate is anything below 6.75%, with under 6.5% considered excellent. The headline rate depends on credit score (760+ gets the best), down payment (20%+ helps), and lender competition — quotes commonly vary 0.25-0.5% across lenders. The exact answer depends on your specific situation — the numbers above are a strong starting point, but the right next step is to plug in your actual figures.
For a deeper analysis, use one of the related tools below — they take your specific income, debt, location, and goals as inputs and produce a tailored answer.