Conventional Mortgage Rates Today

As of April 2026, conventional 30-year fixed rates start at 5.750% (APR 6.014%). conventional 15-year rates start at 5.250%. conventional refinance refinance rates start at 5.500%. Valley West updates rates daily from 50+ lenders.

Generally yes. conventional rates are typically 0.125-0.250% lower than conventional because conventional loans carry government insurance. However, conventional adds mortgage insurance that can offset the rate advantage.

conventional rates change daily based on mortgage-backed securities markets. Rates can fluctuate multiple times per day. Valley West locks rates quickly to protect borrowers from increases.

Yes. Valley West offers rate locks of 15, 30, 45, or 60 days. A rate lock guarantees your interest rate will not increase during the lock period, even if market rates rise.

Credit score, loan amount, down payment, property type, and loan term all affect your rate. Higher credit scores and larger down payments get lower rates. Valley West shops 50+ lenders to find your lowest available rate.