The RallyRates Index
A neutral U.S. mortgage-rate benchmark: the average note rate across lenders’ own published rate sheets — monitored politely, sorted lowest-APR-first, and nobody pays to be included or to rank. The Optimal Blue OBMMI market index sits alongside as an independent cross-check. Free to read and free to cite.
| Product | Index rate | Avg APR | Range | Lenders | OBMMI |
|---|---|---|---|---|---|
| 30yr Fixed · Conforming | 7.264 | 7.441 | 6.875–7.500 | 9 | 7.424 |
| 20yr Fixed · Conforming | 7.125 | 7.256 | 6.750–7.500 | 8 | — |
| 15yr Fixed · Conforming | 6.653 | 6.880 | 6.375–7.125 | 9 | 6.735 |
| 10yr Fixed · Conforming | 6.583 | 6.797 | 6.250–7.125 | 6 | — |
| 30yr Fixed · Jumbo | 7.406 | 7.463 | 6.875–7.750 | 4 | 7.374 |
| 15yr Fixed · Jumbo | 7.000 | 7.071 | 6.625–7.250 | 3 | — |
| 30yr Fixed · FHA† | 6.938 | 8.326 | 6.750–7.125 | 2 | 7.176 |
| 15yr Fixed · FHA† | 6.688 | 8.257 | 6.250–7.125 | 2 | — |
| 30yr Fixed · VA | 6.750 | 7.020 | 6.750–6.750 | 1 | 7.088 |
| 15yr Fixed · VA | 6.250 | 6.682 | 6.250–6.250 | 1 | — |
| 5-yr ARM | 6.583 | 6.627 | 6.250–7.000 | 3 | — |
| 7-yr ARM | 6.938 | 6.977 | 6.500–7.375 | 4 | — |
| 10-yr ARM | 7.094 | 7.126 | 6.625–7.500 | 4 | — |
“Index rate” = mean note rate across sourced lenders for that product. “OBMMI”
= Optimal Blue Mortgage Market Indices, an independent market benchmark. All figures %, as of 2026-10-09.
Not all lenders or offers are shown; figures are informational, not offers of credit.
† FHA loans may require the borrower to pay discount points; a quoted FHA rate can carry points that a comparable conventional rate does not.
How to cite the RallyRates Index
Machine-readable: JSON CSV llms.txt
Rates by metro
Real 2025 HMDA medians by metro area (what borrowers there actually paid): Chicago · Detroit · Denver · Colorado Springs · Miami · Tampa · Fort Myers · Phoenix · Atlanta · Dallas · Houston · Austin · Las Vegas · Nashville · Seattle · New York · Washington DC · Boston · Philadelphia · Charlotte · Los Angeles · San Francisco · San Diego · Portland · San Jose. See all metros vs the U.S. median on the Rates by City hub →
Methodology
Per-product market rate = Optimal Blue OBMMI (daily, lock-based, via FRED). Lender panel = real published rate sheets, monitored politely (report-not-route). Par-only: only zero-point quotes enter the average — rates bought down with discount points are excluded so the benchmark stays apples-to-apples. Coverage is thin by design; thinness shows as absence, never filler.
- Sourced-lender panel: we monitor lenders’ own public rate pages — one polite request at a time (a “monitor, not a scraper”). The Index rate for a product is the simple mean of those real published note rates. Refreshed multiple times daily.
- Neutrality: the ranking is walled off from money. We take no payment from the lenders we list, and no payment can move a lender up the board — lowest APR ranks first, always.
- Independent cross-check: the Optimal Blue OBMMI (lock-based, daily, via the St. Louis Fed’s FRED) is shown beside our panel so you can compare our transparently-sourced average to a broad market index.
- Honest limits: not all lenders or offers are shown; coverage grows over time and thinness shows as absence, never filler. Figures are informational — not live quotes, not offers of credit, and not a substitute for a lender’s own quote.