Question 1

What are current mortgage rates in 2026?

Accepted Answer

As of March 2026, the average 30-year fixed mortgage rate ranges from 6.5% to 7.2% for borrowers with good credit (700+ score). The 15-year fixed rate ranges from 5.9% to 6.5%. Rates vary by lender, credit score, down payment, and loan type. Use our Loan Rates page for detailed comparisons across 8 loan types.

Question 2

What is the difference between a mortgage and a home equity loan?

Accepted Answer

A mortgage is a primary loan used to purchase a home, secured by the property. A home equity loan (or HELOC) lets existing homeowners borrow against the equity they've built — typically used for renovations, debt consolidation, or large expenses. HELOCs are revolving credit lines with variable rates tied to the Prime Rate, while home equity loans have fixed rates and lump-sum disbursement.

Question 3

How do I qualify for a mortgage in 2026?

Accepted Answer

To qualify for a conventional mortgage in 2026, lenders typically require: a credit score of 620+ (700+ for the best rates), a debt-to-income ratio below 43%, stable employment history of 2+ years, and a down payment of 3–20%. FHA loans allow lower credit scores (580+ with 3.5% down). VA loans offer no-down-payment options for eligible veterans. Use our Loan Finder to identify which loan type fits your situation.

Loans & Mortgage