Mable Loans

Is This a Good Mortgage Rate?

Short answer

A good mortgage rate is within about 1/8 of a percentage point of today's best rate for your credit score and loan type, at the same points. Today a good FHA rate at 680 credit is about 6.375% (7.442% APR) with 1.74 points. Enter your rate below and we'll tell you in 10 seconds if it's great, good, fair or high. Benchmarks are today's rates for one standard scenario (below each table), updated every weekday.

Today’s rates · Rates as of October 16, 2026

Reviewed by Gerald Hanson — CEO & Mortgage Expert · NMLS #1169684

Free rate check

Check your rate in 10 seconds

No credit pull. Priced on today’s rates.

How it works

  1. 1Enter your quoteYour rate and points from your Loan Estimate.
  2. 2We price the same loanOn today's rates, at the same or fewer points.
  3. 3Get your comparisonBy email and in your dashboard: our rate and your 10-year savings.
Loan type
Your points
% of loan
Have you owned a property in the last three years?

Today's benchmarks

What’s a good rate for your credit score?

“Good rate” = Mable’s rate today with about 2 points, the same rate our rates page shows. $375,000 home in Virginia (ZIP 23832), FHA 3.5% down, Conventional 5% down, VA 0% down, 30-year fixed purchase, single-family primary residence.

Your Loan Estimate

How to read your Loan Estimate

  • Rate

    What you pay in interest each year. It sets your monthly payment. Page 1, “Loan Terms”.

  • Points

    Upfront fees to buy a lower rate. 1 point = 1% of the loan. Page 2, section A. A lender credit is the opposite: a higher rate, and the lender pays some of your costs (section J).

  • APR

    The rate plus fees and mortgage insurance, spread over the loan. It's always higher than the rate. Use it to compare offers with different fees.

  • Compare like for like

    A rate only means something next to its points. 6.25% with 2 points and 6.5% with none are different deals. Compare at the same points.

FAQ

Questions people ask

How do I know if my mortgage rate is good?

Compare it to today's rate for your credit score and loan type, at the same points. Within 1/8 of a percentage point is good. More than 3/8 above, you're likely overpaying. Our free rate check does the math in about 10 seconds.

What are discount points?

Upfront fees you pay to get a lower rate. One point costs 1% of the loan: $3,500 on a $350,000 loan. You'll find them on page 2 of your Loan Estimate, section A.

Why is my APR higher than my rate?

APR adds your points, lender fees and mortgage insurance to the interest rate and spreads them over the loan. So it's always higher than the rate. FHA APRs run higher still because of FHA mortgage insurance.

Should I pay points?

Only if you'll keep the loan long enough to earn them back. Divide the cost by the monthly saving: $3,500 to save $25 a month takes almost 12 years. If you might move or refinance in 5 to 7 years, fewer points usually wins.

Can I negotiate my mortgage rate?

With many lenders, yes, and their first quote often isn't their best. At Mable there's nothing to negotiate. Every customer gets our best rate right up front. Check yours against it above.

How we stack up

Lower rates than Zillow and Rocket

Rates up to

0.875%

lower

Save up to

$20,500*

over 10 years

FHASave up to $20,500

Mable

6.250%

Zillow

7.125%

Rocket

6.990%

Up to 0.875% lower rate

VASave up to $13,700

Mable

6.499%

Zillow

7.000%

Rocket

6.990%

Up to 0.501% lower rate

ConventionalSave up to $17,800

Mable

6.999%

Zillow

7.490%

Rocket

7.625%

Up to 0.626% lower rate

See your custom rate

The Mable way

No haggle. No hassle.

Great rates, right up front, for every customer.

  • Our best rate from the start

    No negotiating and no games. The rate we show you is the rate we honor.

  • A real person answers

    Call or text and you'll hear back fast, all the way to closing.

  • No late surprises

    We check your credit and documents before we pre-approve you.

Keep going

More ways to check your numbers

Get your custom quote in 60 seconds

Today’s rates, priced for your scenario.

  • Just a few questions
  • Instant, automated pricing
  • No hard credit pull
See my rate Or call (571) 396-5719

* Comparison uses rates published on each lender’s website, for each lender’s own sample loan: Zillow Home Loans, $275,000 loan, 20% down, 740+ credit score, primary residence, as of October 16, 2026 at 2:00 PM ET; Rocket Mortgage, $350,000 loan, 20% down, 740 credit score, single-family primary residence, as of October 6, 2026 at 2:00 PM ET. Mable’s rate is the lowest rate from our pricing of those same sample loans (same loan amount, down payment and credit score, at no more discount points than the lender it was priced against). Savings over 10 years are the difference in monthly principal and interest on each lender’s sample loan amount, times 120 months. Published rates change often and may include assumptions we can’t verify. Your rate depends on your credit, property, loan amount and other factors. This is not a loan offer or a commitment to lend. Zillow Home Loans and Rocket Mortgage are trademarks of their respective owners and are not affiliated with Mable Loans.