What are todays conventional loan rates?

As of March 2026, conventional 30-year fixed rates start at 5.750% and conventional 15-year fixed rates start at 5.500%.

Are conventional rates lower than conventional?

Yes. conventional rates are typically 0.25-0.50% lower than conventional rates due to the conventional guaranty reducing lender risk.

Rates updated live · April 9, 2026 · Next update in 3h 42m

ml> Conventional Mortgage Rates Today — April 2026 | Valley West Mortgage

conventionalhomeloans.services

VA version: vahomeloans.services/rates/ →

conventional rates from 5.750% · 5-20% down · No PMI at 20%+ Down Check rate →

Updated March 2026 · Real wholesale rates

Today's
Conventional Rates.

conventional loan rates starting at 5.750%. 5-20% down payment. No private mortgage insurance. Compare all conventional programs and get your personalized rate in 60 seconds.

Check Your Conventional Rate (702) 696-9900

No SSN required · No credit impact · 60-second quote · NMLS #65506

Funded since 1997

5-star reviews

Wholesale lenders

Licensed nationwide

TODAY'S RATES

Complete Conventional Rate Sheet

Side-by-side comparison of every conventional loan program. Real wholesale rates — not teaser rates.

conventional 30-Year Fixed

5.923% APR

Detailed Rate Table

Complete breakdown including APR, monthly payment, and points for each conventional program.

Program

Rate

APR

Payment*

Points

conventional 30-Year Fixed

Purchase & Refinance

5.750%

5.923%

$2,334

0.00

conventional 15-Year Fixed

Purchase & Refinance

5.500%

5.712%

$3,268

0.00

conventional rate-and-term refinance Streamline

Rate reduction refi

5.625%

5.841%

$2,302

0.00

conventional Cash-Out Refinance

Up to 100% LTV

6.000%

6.187%

$2,398

0.00

*Monthly P&I on $400,000. Does not include taxes, insurance, or conventional closing costs. 740+ FICO, owner-occupied SFR. NMLS #65506.

COMPARE

conventional vs Conventional & Conventional

conventional loans consistently offer the lowest mortgage rates. See the difference.

30-Year Fixed Rate Comparison

Conventional Loan5.750%

Best rate

Conventional Loan5.875%

+ $32/mo

Conventional6.125%

+ $96/mo

$400K loan, 740+ FICO.

Conventional Loan Monthly Savings

conventional vs FHA (30yr)

Lower rate + no mortgage insurance

conventional vs Conv (5% down)

Lower rate + 5-20% down + no PMI at 20%+ down

Lifetime savings vs Conv

Over 30-year term

Compare Conventional Rates → Compare Conventional Rates →

RATE FACTORS

What Affects Your Conventional Rate

Your personalized conventional rate depends on several factors. Understanding them helps you lock the lowest rate possible.

Credit Score

Higher scores unlock lower rates. 740+ gets the best pricing.

Score Impact on Rate

740+ 5.750%

720-739 5.875%

700-719 6.000%

680-699 6.250%

620-679 6.500%

580-619 6.875%

Loan Type

Purchase, rate-and-term refinance, and Cash-Out each have different rate structures.

Rate by Program

Conventional Purchase 5.750%

conventional 15-Year 5.500%

conventional rate-and-term refinance 5.625%

conventional Cash-Out 6.000%

Loan Amount

Larger loans may qualify for better pricing from wholesale lenders.

Pricing Tiers

$100K-$250K Standard

$250K-$500K Best pricing

$500K-$750K Best pricing

$750K+ Jumbo conventional

Occupancy

Primary residence required

Property Type

SFR gets best rates

DTI Ratio

conventional allows up to 60%

Points

Buy down 0.25% per point

TRENDS

Conventional Rate History

conventional 30-year rates over the past 12 months. Rates have stabilized after the 2023-2024 highs.

conventional 30-Year Fixed

Down 0.50% from peak

RATE LOCK

Lock Your Rate.
Protect Your Payment.

Once you find a rate you love, lock it in. We offer 30, 45, and 60-day locks at no additional cost.

Float-down option

If rates drop after you lock, float down once before closing.

No lock fee

Standard 30 and 45-day locks at no additional cost.

Lock extensions available

Extend your lock if your closing date shifts.

Lock Your Conventional Rate

Rate Lock Timeline

Day 1 — Lock

Pre-approve and lock your rate.

Day 7-14 — Processing

Verify income, order conventional appraisal.

Day 15-25 — Underwriting

Clear to close issued.

Day 25-30 — Close

Sign docs, get your keys.

CALCULATOR

Estimate Your conventional Payment

Home Price$400,000

Interest Rate5.750%

Loan Term30 years

Est. Monthly Payment (P&I)

$2,334

$0 down

$0 PMI

Get Your Exact Conventional Rate →

Advanced conventional Calculator →

PROGRAMS

Explore Conventional Loan Programs

Conventional Purchase

5-20% down · No PMI at 20%+ Down

From 5.750% →

conventional Refinance

rate-and-term refinance & Cash-Out

Check if you qualify

Complete loan guide

FAQ

Conventional Rate Questions

As of March 2026, conventional 30-year fixed rates start at 5.750% with 0 points. conventional 15-year fixed rates start at 5.500%. conventional rate-and-term refinance rates start at 5.625%, and conventional Cash-Out rates start at 6.000%. These are wholesale broker rates for 740+ credit scores on a $400,000 loan.

Yes. conventional rates are typically 0.25% to 0.50% lower than conventional rates because the conventional guaranty reduces lender risk. Currently conventional 30yr is 5.750% vs conventional 6.125%. Combined with no PMI at 20%+ down, conventional loans offer significantly lower total monthly payments.

For the best conventional rates, aim for 740+. conventional loans are available with scores as low as 580 (lender minimums vary). Each 20-point increase typically lowers your rate by 0.125% to 0.25%.

conventional mortgage rates change daily, sometimes multiple times per day. They follow Treasury yields and mortgage-backed securities pricing. As a wholesale broker with 50+ lenders, Valley West can shop real-time rates to find the lowest available.

The conventional closing costs is a one-time fee (2.15% for first-time purchase with 5-20% down) that keeps the conventional loan program running. It can be financed into the loan. Homebuyers with service-connected disabilities are exempt.

Each point (1% of loan amount) typically reduces your rate by ~0.25%. On a $400K loan, one point ($4,000) saves ~$64/month. Break-even is about 63 months. Worth it if staying 5+ years.

Yes. The conventional rate-and-term refinance (Interest Rate Reduction Refinance Loan) is a streamline refi requiring no appraisal or income verification. Can close in as little as 15-21 days. Generally requires at least a 0.50% rate reduction.

We are an independent mortgage broker shopping your loan across 50+ wholesale lenders for the absolute lowest rate. Banks are limited to their own products with retail markups. Our wholesale access gives you direct-to-lender pricing.