Current VA Mortgage Rates
Current VA Mortgage Rates: what to know and how to act in 2026.
What to know
VA mortgage rates typically run lower than conventional or FHA because the VA guaranty reduces lender risk. They still move daily with the bond market, and the program has no monthly mortgage insurance to add on top.
What affects your VA rate
- Your credit score and loan term
- Whether you buy discount points
- Purchase vs IRRRL vs cash-out
- The bond market and Fed policy
- Lender margins — so compare quotes
Example payment by rate
| Rate | P&I on a $300,000 loan (30-yr) |
|---|---|
| 5.25% | $1,657 |
| 5.50% | $1,703 |
| 5.75% | $1,751 |
| 6.00% | $1,799 |
| 6.25% | $1,847 |
| 6.50% | $1,896 |
| 6.75% | $1,946 |
Rates move daily. Join the free VA Rate Guide alerts so you can lock — or IRRRL — at the right time.
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Frequently Asked Questions
- Current VA Mortgage Rates — the quick answer?
- VA mortgage rates typically run lower than conventional or FHA because the VA guaranty reduces lender risk. They still move daily with the bond market, and the program has no monthly mortgage insurance to add on top.
- Are VA rates lower than conventional?
- Usually yes — the VA guaranty lowers lender risk, and there is no monthly mortgage insurance, so the all-in cost is typically lower.