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Next Wave Mortgage

Next Wave Mortgage, LLC|NMLS ID 2536820

© 2026 Next Wave Mortgage, LLC. All rights reserved.

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  • 2430 E Commercial BLVD #3, Fort Lauderdale, FL 33308
  • hello@nextwavemortgage.com
  • 617-529-9317

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MORTGAGE BROKER ONLY. NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER

Next Wave Mortgage, LLC is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.

Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. The youngest borrower must be at least 62 years old. Monthly reverse mortgage advances may affect eligibility for some other programs.

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.

Complaints may be directed to: hello@nextwavemortgage.com. For licensing information, please visit nmlsconsumeraccess.org

Mortgage rate watchUpdated Jul 5, 2026, 2:00 PM UTC

Today's Mortgage Rates

See where rates are today, how they have been moving, and what that may mean for your monthly payment. Your actual quote depends on the property, program, and timing.

Get your personalized rate->See sources and assumptions

Featured rate

30-Year Fixed

Updated weekly

Rate watch

6.43%

Effective Jul 2, 202630-year fixed

A useful market reference, not an advertised quote. Real pricing starts with your full loan scenario.

Get your actual rate->
Phil GanzRyan SkerrittPhilip Carcel MunceTyrone JeffersonJanine Baeza

Next Wave team opinion

What our team thinks about these rates

A quick read from our top mortgage experts.

“

The Math Has to Be Tight

Here is the honest read: the 30-year fixed rate is sitting at 6.43%. At this level, your monthly payment needs careful attention. It means the math has to be tight. With over 1.1 million active listings, we see more inventory than a couple years ago, which could mean more room for seller credits. We would focus on the loan type and how it impacts your comfortable monthly payment.

Today's rate picture

Compare common loan options

Use the benchmarks below to see the market at a glance, then let the loan details decide which option actually fits.

30-Year Conforming

Updated daily/Effective Jul 1, 2026

The benchmark most borrowers use to gauge payment stability over a longer term.

Today's rate

6.47%

Up+0.03 pts

Movement

1 week

+0.03 pts

1 month

+0.00 pts

1 year

-0.17 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate->

15-Year Conforming

Updated daily/Effective Jul 1, 2026

A shorter payoff path that can price lower, with a payment that usually runs higher.

Today's rate

5.69%

Down-0.07 pts

Movement

1 week

-0.07 pts

1 month

-0.16 pts

1 year

-0.10 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

30-Year FHA

Updated daily/Effective Jul 1, 2026

Often worth a look when cash to close, credit profile, or qualifying flexibility matters.

Today's rate

6.27%

Down-0.02 pts

Movement

1 week

-0.02 pts

1 month

+0.08 pts

1 year

-0.14 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

30-Year VA

Updated daily/Effective Jul 1, 2026

A powerful program to compare for eligible veterans, service members, and surviving spouses.

Today's rate

6.09%

Down-0.01 pts

Movement

1 week

-0.01 pts

1 month

+0.04 pts

1 year

-0.13 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

30-Year Jumbo

Updated daily/Effective Jul 1, 2026

Used when the loan amount moves beyond standard conforming limits.

Today's rate

6.52%

Up+0.01 pts

Movement

1 week

+0.01 pts

1 month

+0.01 pts

1 year

-0.25 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

30-Year USDA

Updated daily/Effective Jul 1, 2026

Designed for eligible properties and borrowers in qualifying rural or suburban areas.

Today's rate

6.27%

Up+0.10 pts

Movement

1 week

+0.10 pts

1 month

+0.13 pts

1 year

-0.16 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

30-Year Fixed

Updated weekly/Effective Jul 2, 2026

The benchmark most borrowers use to gauge payment stability over a longer term.

Today's rate

6.43%

Down-0.06 pts

Movement

1 week

-0.06 pts

1 month

-0.10 pts

1 year

-0.34 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

15-Year Fixed

Updated weekly/Effective Jul 2, 2026

A shorter payoff path that can price lower, with a payment that usually runs higher.

Today's rate

5.79%

Down-0.05 pts

Movement

1 week

-0.05 pts

1 month

-0.08 pts

1 year

-0.10 pts

Use this as a reference point, then compare it against a file that has your credit, property, and closing timeline in it.

Get your rate

Three-year rate view

Where today's 30-year rate sits in recent history

Short-term moves can feel noisy. This chart shows the Freddie Mac 30-year fixed benchmark over the last three years, so you can see today's rate against a wider pattern instead of one headline.

30-Year Fixed Mortgage Rate Trend

Weekly benchmark data from Freddie Mac PMMS via FRED.

Latest

6.43%

Jul 2, 2026

8.1%7.5%6.9%6.3%5.7%Jul 2023Jan 2025Jul 2026

3-year change

-0.38 pts

3-year high

7.79%

Oct 26, 2023

3-year low

5.98%

Feb 26, 2026

This chart is a benchmark, not a lender quote or offer of credit.

Housing market context

Rates do not carry the payment alone

A rate can look manageable until price, taxes, insurance, HOA dues, and inventory pressure are added to the picture. We watch those inputs because they shape the payment clients actually feel.

Median Listing Price

$430,000

Jun 1, 2026

Down-10950.00

MEDLISPRIUS - monthly

Active Listings

1,102,615

Jun 1, 2026

Up+20095.00

ACTLISCOUUS - monthly

Home Price Index

713.1

Jan 1, 2026

Up+23.15

USSTHPI - quarterly

What changes your rate?

Why your rate may be different

The same market can price differently from one file to the next. These are the details that tend to move a quote before the loan ever reaches closing.

Get your personalized rate->
1

Credit profile, income documentation, and monthly debts

2

Down payment, reserves, and overall cash-to-close plan

3

Loan program, term, discount points, and lender credits

4

Property type, occupancy, and appraisal details

5

Taxes, insurance, HOA dues, and other payment inputs

6

Lock timing and the market movement before closing

Loan program fit

The rate only matters inside the right structure

A 30-year rate is helpful context, but it does not tell you which loan structure is better. A borrower comparing a conventional mortgage may be weighing different down payment, mortgage insurance, and credit tradeoffs than someone considering an FHA loan.

Eligible veterans and service members may want to compare VA loan options, especially when preserving cash is part of the plan. Some buyers outside dense metro areas may also want to review USDA loans, where property and borrower eligibility can change the conversation.

In higher-priced markets, jumbo financing can become part of the conversation once the loan amount rises above conforming limits. The useful comparison is not just rate versus rate; it is rate, points, credits, mortgage insurance, cash to close, and payment side by side. Start with a personalized loan review, and we can narrow the options from there.

Cash-to-close planning

A lower rate is not the only lever

Many buyers are not just solving for the lowest rate. They are also trying to protect cash, keep reserves intact, and avoid stretching the monthly payment too far. That is where down payment assistance, first-time homebuyer programs, seller credits, and lender credits can matter as much as the headline number.

The right answer depends on the file. Some programs reduce upfront money but add rules. Some credits help cash to close but change the rate. Some buyers are better off keeping the structure simple. We look at the whole picture before treating any one lever like the answer.

Before you get attached to a payment, run the numbers through our mortgage calculators, then ask our team to compare the result against real program pricing through a personalized pre-approval review.

Get your personalized rate->

Sources and details

What we use, and what we do not pretend

We use public market data for context. This is not a rate sheet, an approval, or a promise of pricing; it is a transparent starting point before a licensed professional reviews your file.

Refresh cycle

Automatic

Last checked

Jul 5, 2026, 2:00 PM UTC

01

Freddie Mac PMMS via FRED

weekly source

View source->
02

Optimal Blue Mortgage Market Indices via FRED

daily source

View source->
03

Housing market data via FRED

monthly source

View source->

Important disclosure

Benchmark and index values are for informational purposes only and are not a loan estimate, commitment to lend, APR quote, or offer of credit. Your actual rate and APR depend on credit, loan program, property type, down payment, points, occupancy, underwriting, and market conditions.

Next Wave Mortgage, LLC NMLS #2536820. Contact a licensed mortgage professional for a personalized loan estimate.

Mortgage rate FAQ

Mortgage Rate Questions

A few plain-English answers before you compare a live market number with your own loan scenario.

01

What is a mortgage rate?

+

A mortgage rate is the interest charged on the money you borrow for a home loan. It is a major part of the payment, but it is not the full story. APR, closing costs, credits, taxes, insurance, and loan structure all matter too.

02

Why can my quote differ from the market rate on this page?

+

This page shows benchmarks and indices. A real quote depends on the borrower, the property, the loan program, points or credits, occupancy, lock timing, and the lender pricing available when your scenario is run.

03

Are mortgage rates the same for every buyer?

+

No. Two buyers can apply on the same day and receive different pricing. Credit profile, debt-to-income ratio, reserves, property type, down payment, and program choice can all move the final rate.

04

What is the difference between interest rate and APR?

+

The interest rate is the note rate used to calculate principal and interest. APR is meant to reflect a broader annual cost after certain finance charges are included. They are related, but they answer different questions.

05

What is a mortgage rate lock?

+

A rate lock holds a specific pricing setup for a set period while the loan moves toward closing. Lock length, extensions, float-down options, and market timing can all affect how that pricing works.

06

Can discount points lower my mortgage rate?

+

Yes. Discount points are upfront costs used to buy down the rate. Whether they make sense depends on the cost, the payment difference, how long you expect to keep the loan, and whether that cash is better used elsewhere.

07

How does credit score affect a mortgage rate?

+

Credit score is one of the major pricing inputs. A stronger profile can help, but the quote still depends on the full file, including loan type, down payment, property details, reserves, and underwriting requirements.

08

Does a bigger down payment always mean a lower rate?

+

Not always. More money down can help the file, but pricing can also shift based on mortgage insurance, occupancy, credit score, reserves, loan size, and the specific program being used.

09

Do FHA, VA, USDA, conventional, and jumbo loans have different rates?

+

Yes. Each program has its own pricing, eligibility rules, insurance or funding fee structure, and underwriting requirements. The lowest note rate is not automatically the strongest overall loan fit.

10

Why do housing costs matter when comparing mortgage rates?

+

Because the payment is built from more than principal and interest. Purchase price, taxes, homeowners insurance, HOA dues, mortgage insurance, and credits can change the real monthly number.

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