Austin Mortgage Rates: October 2026 Snapshot
As of Oct 19, 2026, CapFi Lending’s sample 30-year fixed conventional purchase rate in Austin, Texas, was 7.25% (APR 7.31%) for a 780 credit score with 20% down (scenario below). This is a sample, not an offer. Freddie Mac’s national average 30-year fixed rate was 7.40% as of Oct 15, 2026 (Freddie Mac PMMS); Freddie Mac no longer publishes average points. Your rate depends on your credit, down payment, loan type and the day you lock. CapFi compares 50 to 60 bank and non-bank lenders.
Reviewed by Dustin Edwards, Principal, NMLS 577050 | Last updated October 19, 2026
Sample Austin mortgage rates for October 2026
CapFi Lending sample rates locked Oct 19, 2026. Not an offer. See the scenario.
| Loan | Loan amount | Term (payments) | Interest rate | APR | Points | Lock | Est. P&I payment* |
|---|---|---|---|---|---|---|---|
| 30-yr fixed conventional | $480,000 | 30 years (360) | 7.25% | 7.31% | 0 | 30 days | $3,274 |
| 30-yr fixed FHA | $337,750 | 30 years (360) | 7.00% | 7.50% | 0 | 30 days | $2,247 |
| 30-yr fixed VA | $675,000 | 30 years (360) | 7.00% | 7.50% | 0 | 30 days | $4,491 |
| 15-yr fixed conventional | $480,000 | 15 years (180) | 6.75% | 6.86% | 0 | 30 days | $4,248 |
| 30-yr fixed jumbo | $1,200,000 | 30 years (360) | 7.00% | 7.12% | 0 | 30 days | $7,984 |
Points: 1 point = 1% of the loan amount.
*Payment shown is principal and interest (P&I) only, for the term and number of monthly payments shown. It does not include property taxes, homeowners insurance, mortgage insurance (including FHA MIP) or HOA dues, so your actual payment will be higher.
Scenario and assumptions
- Conventional 30-year: purchase, $600,000 price, $480,000 loan amount, 20% down (80% LTV), 780 credit score, 360 monthly payments, 30-day lock, 0 points. Locked Oct 19, 2026.
- FHA 30-year: purchase, $350,000 price, $337,750 base loan amount (before any financed FHA upfront MIP or VA funding fee), 3.5% down, 680 credit score, 360 monthly payments, 30-day lock, 0 points. Locked Oct 19, 2026. The FHA APR includes the financed UFMIP and the annual mortgage insurance premium (MIP).
- VA 30-year: purchase, $675,000 price, $675,000 base loan amount (before any financed FHA upfront MIP or VA funding fee), 0% down, 700 credit score, 360 monthly payments, 30-day lock, 0 points. Locked Oct 19, 2026. The VA APR includes any financed funding fee.
- VA APR assumes no funding-fee exemption.
- Conventional 15-year: purchase, $600,000 price, $480,000 loan amount, 20% down (80% LTV), 780 credit score, 180 monthly payments, 30-day lock, 0 points. Locked Oct 19, 2026.
- Jumbo 30-year: purchase, $1,500,000 price, $1,200,000 loan amount, 20% down (80% LTV), 780 credit score, 360 monthly payments, 30-day lock, 0 points. Locked Oct 19, 2026.
- All rows: fixed rate for the full term, single-family primary residence in Travis County, priced Oct 19, 2026.
- APR includes: origination, processing and underwriting fees, plus mortgage insurance (FHA upfront and monthly MIP) and the VA funding fee where applicable.
Sample rates are for illustration only and are not an offer or commitment to lend. Rates and APRs are as of Oct 19, 2026, for the scenario shown and assume the credit score, LTV, loan amount, single-family primary residence occupancy, 30-day lock and 0 points shown for each scenario. APR includes origination, processing and underwriting fees, plus mortgage insurance (FHA upfront and monthly MIP) and the VA funding fee where applicable. Payments shown are principal and interest only; taxes, insurance and mortgage insurance (if any) are not included, so the actual payment will be higher. Your rate depends on credit, income, property, loan type and market conditions at lock. Not all applicants qualify. CapFi Lending, NMLS 1692019 · Dustin Edwards, NMLS 577050 · nmlsconsumeraccess.org
How Austin compares to the national average
| Measure | Rate |
|---|---|
| CapFi sample 30-yr fixed conventional (Austin), Oct 19, 2026 | 7.25% (APR 7.31%) |
| Freddie Mac PMMS 30-yr fixed, national weekly average, as of Oct 15, 2026 (average points no longer published) | 7.40% |
| Freddie Mac PMMS 15-yr fixed, as of Oct 15, 2026 | 6.71% |
| PMMS one month earlier, as of Sept 17, 2026 (30-yr fixed) | 6.95% |
| PMMS one year earlier (as stated in the Oct 15, 2026 release) | 6.27% (15-yr: 5.52%) |
| MND 30-yr fixed daily index, as of Oct 19, 2026, national average contract rate (not CapFi’s offer, not an APR) | 7.43% |
Freddie Mac’s Primary Mortgage Market Survey is a national weekly average. Freddie Mac doesn’t publish an Austin figure. Source: Freddie Mac PMMS.
Mortgage News Daily’s 30-year fixed index is a national daily average contract rate. It is not CapFi’s offer and not an APR. We quote only its headline figure, with attribution. Source: Mortgage News Daily.
What Austin borrowers actually got (public loan data)
These are last year’s closed loans, not today’s quotes. CFPB HMDA Data Browser, data year 2025: Austin-Round Rock-San Marcos MSA (MSA 12420), first-lien, owner-occupied home-purchase loans with a 30-year term.
- Loans: 26,629
- Median interest rate: 6.125%
- Share that paid discount points: 58.4%
- Median loan amount: about $375,000
| Loan type (30-year) | Median interest rate |
|---|---|
| Conventional | 6.375% |
| FHA | 5.375% |
| VA | 5.75% |
Source: CFPB HMDA Data Browser, 2025, MSA 12420.
Local cost context
- 2026 conforming loan limit (one unit): $832,750 in Travis and Williamson counties, the national baseline. Loans above it are jumbo loans. Source: FHFA.
- 2026 FHA loan limit (one unit), Travis County: $571,550. Source: HUD FHA mortgage limits.
- Title insurance: Texas title insurance premiums are set by the Texas Department of Insurance.
What moved rates this month
Freddie Mac’s 30-year fixed average was 7.40% as of Oct 15, 2026, unchanged from the week before and up from 6.27% a year earlier (Freddie Mac PMMS). The 15-year average slipped to 6.71% from 6.73% that week (Freddie Mac PMMS). Mortgage News Daily’s 30-year fixed index was 7.43% on Oct 19, 2026, down 0.05 percentage point from a week earlier but up 0.23 point from a month earlier (Mortgage News Daily). In October, that index peaked at 7.61% on Oct 5 and dipped to 7.33% on Oct 15 (Mortgage News Daily).
How to find the best rate for you
No lender is cheapest for every borrower. To compare:
- Get Loan Estimates on the same day for the same scenario. Lenders must issue one within 3 business days of your application (CFPB).
- Compare APR, points, Section A origination charges and lender credits, not just the rate.
- Understand your lock. A rate is set only once it’s locked, for a set number of days.
- Let a broker shop for you. CapFi compares 50 to 60 bank and non-bank lenders for one scenario. See why Austin borrowers use a mortgage broker.
Refinancing instead? See our refinance rate watch. Loan programs: fixed-rate, FHA, VA, jumbo.
Frequently asked questions
What are mortgage rates in Austin today?
As of Oct 19, 2026, CapFi Lending’s sample 30-year fixed conventional rate in Austin was 7.25% (APR 7.31%) with a 780 credit score and 20% down. Sample 30-year FHA and VA rates were 7.00% (APR 7.50%). These are samples, not offers; your rate depends on your scenario.
Who has the best mortgage rates in Austin?
No single lender is cheapest for everyone; it depends on your scenario and the day you lock. Compare same-day Loan Estimates. A broker like CapFi compares 50 to 60 bank and non-bank lenders at once.
Why is my quote different from the rate on this page?
Your credit score, LTV, loan amount, property type, points and lock period all change pricing. Each sample uses one fixed scenario.
What’s the difference between interest rate and APR?
The interest rate sets your payment. APR adds certain loan costs, such as points and lender fees, so it’s the better number for comparing offers.
Are Austin mortgage rates different from national rates?
Rates are set mostly by national markets, but your scenario and each lender’s pricing matter. Compare our sample with Freddie Mac’s national average above.
Should I pay points to lower my rate?
Divide the cost of the points by the monthly savings to find your break-even month. If you’ll keep the loan longer than that, points may pay off. Example (illustrative only, not a quote): on a $400,000 loan, one point costs $4,000. If that point lowered your rate by about a quarter of a percentage point, your monthly principal and interest might drop by about $67, so it would take roughly 60 months (about 5 years) to break even. If you expect to sell or refinance sooner, paying points may not pay off.
How long can I lock a rate?
Commonly 30 to 60 days. New construction may need a longer lock, and extensions can cost extra.
How often is this page updated?
Monthly, on the first business day. Each update refreshes CapFi’s sample rates and APRs, the Freddie Mac PMMS figure and the Mortgage News Daily 30-yr fixed index headline figure with its as-of date. The as-of date and time are shown at the top.
Does checking rates hurt my credit?
Multiple mortgage credit checks within a short window are typically treated as a single inquiry (CFPB).
Get your own quote
Your rate depends on your scenario. Get a quote priced across 50 to 60 bank and non-bank lenders.
- Apply online
- Call or text (512) 593-1336
- Email info@capfilending.com
- 2617 Willow St, Unit 1, Austin, TX 78702, by appointment only
Dustin Edwards, Principal, NMLS 577050. 22 years in mortgage lending. Call or text 512-484-7776. Full profile
Rate history
| Month | 30-yr fixed rate | APR | Points |
|---|---|---|---|
| Oct 2026 | 7.25% | 7.31% | 0 |
Disclosures. CapFi Lending, NMLS #1692019 · https://capfilending.com. Verify licensing at NMLS Consumer Access. Sample rates are illustrations, not offers or commitments to lend, and are not guaranteed. Not all applicants qualify. FHA and VA are government loan programs; CapFi Lending is not affiliated with or endorsed by any government agency. TEXAS RESIDENTS: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSED IN TEXAS SHOULD SEND A COMPLETED COMPLAINT FORM TO THE DEPARTMENT OF SAVINGS AND MORTGAGE LENDING (SML): 2601 N. LAMAR BLVD., SUITE 201, AUSTIN, TEXAS 78705; TEL: 1-877-276-5550. INFORMATION AND FORMS ARE AVAILABLE ON SML’S WEBSITE: SML.TEXAS.GOV. Equal Housing Opportunity.