Mortgage Rates
Searching for low mortgage rates? At Alpine Mortgage, we're committed to finding you the best rates available. Below are today's purchase and refinance mortgage rates on our conventional, FHA and VA loan programs. Rates are updated daily. For rates on our other loan programs such as investment property loan rates, renovation loan rates, reverse mortgage rates, DSCR loan rates or Non QM loan rates, please reach out to us for a personalized quote.
Current Mortgage and Refinance Rates
| Loan Program | Rate | APR | Fees | Action |
|---|---|---|---|---|
| 30 Year Fixed Conv | 5.625% | 5.738% | $995 | Apply Now |
| 20 Year Fixed Conv | 5.375% | 5.526% | $995 | Apply Now |
| 15 Year Fixed Conv | 4.875% | 5.064% | $995 | Apply Now |
| 30 Year Fixed FHA | 5.250% | 6.068% | $995 | Apply Now |
| 30 Year Fixed VA | 5.125% | 5.421% | $995 | Apply Now |
| 5/1 ARM Conv | 5.250% | 6.350% | $995 | Apply Now |
Rates published by Alpine Mortgage Services (NMLS 56905). Alpine Mortgage publishes current purchase and refinance rates for conventional, FHA, and VA loans to help borrowers understand today’s market before requesting a personalized quote. The advertised rate is based on specific assumptions including loan amount, credit score, down payment and property type. The actual rate you qualify for may vary based on your individual financial profile and other factors. The annual percentage rate (APR) includes the interest rate plus loan origination fees, points and other loan costs.
The conventional rates shown are based on a loan amount of $525,000 and a down payment of at least 25%. The FHA rates shown are based on a loan amount of $675,500 and a down payment of at least 3.5%. The VA rates shown are based on a loan amount of $700,000 and no down payment. Mortgage rates are subject to change at any time and are subject to mortgage approval with full documentation of income. All rates shown are for a 30 day rate lock with one discount point on the purchase or rate and term refinance of a single family primary residence with a 740 or higher FICO score.
Best Rate Guarantee
Tired of comparing the fine print to see what’s the difference between the quotes from various lenders? At Alpine Mortgage we help you get the best deal on your mortgage which is why we offer our Best Rate Guarantee. We find the best rate and fees for you based on your goals and find the best pricing through our many loan programs.
You are welcome to shop all other local lenders for a better deal. If you can find one, provide us with that lender's signed and dated lock-in agreement and Loan Estimate on the day the interest rate is locked in and we will beat that lender's interest rate and/or lender fees. At Alpine Mortgage, your satisfaction is our priority. With our Best Rate Guarantee, you can shop for your mortgage with confidence knowing that you are getting the best possible interest rate for your mortgage.
Terms and conditions: Our Best Rate Guarantee applies to our fixed rate conventional, FHA and VA loan programs only and does not apply to any other loan programs. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.
What Our Clients Say
"Alpine got me an amazing rate and made the process so easy!"
– John D, Paramus, NJ
""Buying our vacation home in Tampa was stress free thanks to Alpine. The team was responsive, friendly and got us an amazing rate."
– David L, Tampa, FL
Why Choose Alpine Mortgage?
- ✅ Best Rate Guarantee – We Beat Competitor Rates
- ✅ Fast, Simple Pre-Approval Process
- ✅ Licensed Mortgage Specialists
- ✅ $995 Flat Lender Fee – No Hidden Costs
- ✅ Conventional, FHA, VA and DSCR Loans Available
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Mortgage Programs
Conventional Loans. Among our most popular loan products, conventional loans have specific requirements such as a 620 minimum credit score and a 3% minimum down payment. Interest rates vary based on the credit score and down payment. If you put down less than 20% down, you will also have to pay private mortgage insurance (PMI) which can be paid either upfront at closing or monthly until your equity in the property reaches at least 20%. These loans can be used to finance a primary residence, vacation property or an investment property.
FHA Loans. If your credit history makes it hard to qualify for a conventional loan, a FHA loan may be a good alternative.A FHA loan is a loan that is insured against default by the Federal Housing Administration (FHA). A FHA loan requires a minimum down payment of 3.5% with a minimum credit score of at least 580. For borrowers with a credit score as low as 500, it is still possible to get a FHA loan with a larger down payment of at least 10%. Regardless of the amount of your down payment FHA loans require the payment of mortgage insurance premiums (MIP). FHA loans are only available on a primary residence.
VA Loans. Backed by the Department of Veteran Affairs, VA loans offer veterans and their families with home loans with no down payment required. VA loans do not have any mortgage insurance but may have a funding fee that is collected at closing. VA loans are only available on a primary residence.
Non QM Loans. For borrowers that can't qualify for a conventional, FHA or VA loan because of credit issues or income documentation requirements, we offer several different Non QM loan products. For investment properties, we offer our DSCR loan program where qualification is based on the cash flow of the investment property. Our Non QM provides flexibility in lending standards for individuals with unique financial circumstances or credit issues such as a recent bankruptcy or foreclosure. These loans can be used to finance a primary residence, vacation property or an investment property.
Reverse Mortgage Loans. For homeowners that are 62 years or older, a reverse mortgage allows you to access the equity in your home by either receiving a lump sum, fixed monthly payments or a line of credit. Reverse mortgages are only available on a primary residence.
| Loan Type | Min. Credit Score | Min. Down Payment |
|---|---|---|
| Conventional | 620 | 3.0% |
| FHA | 580 | 3.5% |
| FHA Low Score | 500 | 10% |
| VA | 620 | None |
| Non-QM | 500 | 20% |
What Factors Affect Mortgage Rates?
- Credit score: Higher scores usually receive lower rates.
- Down payment: Larger down payments reduce lender risk.
- Loan type: FHA, VA, conventional, jumbo, and Non-QM loans price differently.
- Loan term: 30 year fixed loans usually carry higher rates than 15 year fixed loans.
- Market conditions: Treasury yields and bond market activity drive daily rate changes.
- Occupancy: Primary residences receive better pricing than investment properties.
How Can I Get the Lowest Mortgage Rate?
Borrowers can improve their mortgage pricing by:
- Improving credit scores prior to applying
- Reducing outstanding debt
- Saving for a larger down payment
- Choosing shorter loan terms
- Comparing multiple lenders instead of one bank
As an independent mortgage broker, Alpine Mortgage compares rates from multiple wholesale lenders to help borrowers get the most competitive pricing available.
30 Year Fixed and 15 Year Fixed Mortgage Rates
30 year fixed and 15 year fixed mortgages are popular choices. A 30 year fixed mortgage is the most popular option. The biggest advantage of a 30 year term is lower monthly payments compared to shorter term loans which can make homeownership more accessible especially for first time buyers or those with other significant expenses. Understanding the estimated monthly payment for a 30 year fixed mortgage can help homeowners manage their cash flow more effectively, providing a clearer picture of their financial obligations. This is particularly beneficial for budgeting and long term financial planning as it allows for a more predictable expense over the duration of the loan. 15 year fixed loans offer lower interest rates for borrowers that can afford the higher mortgage payment due to the shorter amortization period. We offer 30 year fixed and 15 year fixed loan options on our conventional, FHA, VA and Non QM loan programs.
Choosing between a 30 Year Fixed and a 15 Year Fixed
- Financial Stability and Cash Flow. If you prefer lower monthly payments for better cash flow management, a 30 year mortgage might be the better choice. It allows more flexibility in budgeting and provides the opportunity to invest surplus funds in other ventures that may offer higher returns.
- Total Cost and Interest. If you can afford higher monthly payments without undue financial strain, a 15 year mortgage will save you money in the long run due to lower interest rates and less total interest paid.
- Equity Building. A 15 year mortgage helps build equity faster which is beneficial if you plan to sell the home after a few years or leverage the equity for other financial needs.
Real Estate & Mortgage Update
Market Conditions. U.S. real estate market trends remain mixed with increasing inventory still below normal levels. Prices continue to appreciate slowly in high demand markets, far from the frenzied rates of 2020 and 2021, while other markets see prices leveling out or even declining. Affordability is a key issue particularly in urban markets where many home values have remained high despite rising mortgage rates. Value markets are becoming more attractive as buyers look for more affordable options.
Mortgage Rate Trends. Mortgage rates have increased significantly from historic lows due to the Federal Reserve's aggressive rate hikes to combat inflation which have impacted borrowing costs. The higher rates have cooled the overheated buyer demand seen in recent years leading to a more balanced market in many areas. The cost of borrowing has also made potential buyers more cautious, with some choosing to delay buying in hopes of lower rates. However, demand in some of the hottest growth markets has remained high, driven by strong job markets and continued migration.
Mortgage Rate Outlook. Experts predict that mortgage rates may stabilize in 2026, depending on economic indicators and Federal Reserve policies. If you’re considering buying a home, keep a close eye on mortgage rate movements, watch the news for new developments in the market, and if possible, lock in a rate to prevent it from increasing further. For more information, see our Mortgage Rate Forecast for expert predictions on where rates are headed.
Steven Parangi, Licensed Mortgage Loan Originator (NMLS #76024)
View credentials →Mortgage Rates FAQs
Lower mortgage rates generally make buying a home more affordable as they reduce the monthly payment and total interest paid over the life of the loan. Conversely, higher rates can limit buying power and slow down the real estate market.
Mortgage rates can change daily based on movements in the broader financial markets. They are particularly sensitive to changes in the bond market as well as shifts in economic policy and inflation expectations.
The mortgage interest rate is the cost you will pay each year to borrow the money expressed as a percentage rate. The Annual Percentage Rate (APR), on the other hand, includes the interest rate plus other loan related charges such as origination fees or discount points expressed as a percentage rate.
There are several government-backed home loan options available nationally including FHA loans (which have lower down payment requirements), VA loans (available to veterans and active military), and USDA loans (for rural property buyers).
The U.S. real estate market varies dramatically by region. Factors such as local economic conditions, employment rates and local laws (such as property taxes and zoning regulations) can impact market conditions and property values.
Buying a house when mortgage rates are high can be less cost-effective due to increased monthly payments and total interest costs. However, if home prices are rising, and you plan to stay in the house long-term, the investment could still be worthwhile. Consider your financial stability, compare renting versus buying costs, and think about potential home value appreciation. You could face higher home process or miss out on your dream home if you are waiting for rates to go down.
Mortgage rates are expected to fluctuate and may gradually decline if inflation continues to cool and economic conditions stabilize. However, rates rarely drop in a straight line and can move up or down based on bond market activity, economic data and global events.
Mortgage rates could decline later this year but timing depends on inflation trends, employment data and financial market conditions. Even if the Federal Reserve signals future rate cuts mortgage rates may move ahead of or independently from those decisions. Borrowers should focus on affordability rather than trying to perfectly time the market.
Credit score has a significant impact on mortgage rates. Higher credit scores generally qualify for lower interest rates, while lower scores may result in higher rates or limited loan options. Even small score differences can affect pricing especially on conventional mortgage loans.
Yes, down payment can affect mortgage rates. Larger down payments typically result in lower rates and reduced mortgage insurance costs. Smaller down payments may increase rates or require mortgage insurance especially on conventional loans which raises the overall cost of borrowing.
Mortgage Rates Resources
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