Introduction
On October 2, 2026, mortgage rates show subtle shifts that could influence your next move in home financing. Credit unions report a mixed week, with some lenders nudging rates higher while others hold steady or even dip slightly. Zillow’s jumbo loan rates tick up modestly, reflecting broader economic trends seen in the Federal Reserve data, where inflation expectations edge just a bit higher. If you’re watching for the best deal, the lowest rate today is a 15-year fixed refinance at 5.5% offered by Knoxville TVA Employees Credit Union, a standout option for those looking to trim years off their mortgage. Here’s what you need to know before locking in a rate, whether you’re buying, refinancing, or investing.
At a glance
Refinance - Conventional 15 yrs Fixed
| Lender | 2026-10-02 Current | 2026-09-25 7 Days Ago | 2026-09-17 15 Days Ago | 2026-09-02 30 Days Ago | 2026-08-18 45 Days Ago | 2026-08-03 60 Days Ago | 2026-07-04 90 Days Ago | 2026-04-05 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.50%▲ 25 bps | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.63% |
| LANGLEY FEDERAL CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.50% |
| NEIGHBORS FEDERAL CREDIT UNION | 5.88% | 5.88% | N/A | N/A | N/A | N/A | N/A | N/A |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | 6.00%▲ 25 bps | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.63% | N/A |
| DELTA COMMUNITY CREDIT UNION | 6.00%▲ 38 bps | 5.63% | 5.50% | 5.50% | 5.50% | 5.50% | 5.25% | 5.13% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 6.49% | 6.49% | 6.74% | 6.74% | 6.74% | 6.74% | 6.74% | 6.74% |
| WHATCOM EDUCATIONAL CREDIT UNION | 6.50%▼ 25 bps | 6.75% | 6.25% | 6.00% | 5.88% | 5.88% | 5.75% | 5.63% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 6.63% | 6.63% | 6.38% | 6.13% | 5.88% | 6.00% | 5.88% | 5.40% |
| FIRST ENTERTAINMENT CREDIT UNION | 6.88%▲ 13 bps | 6.75% | 6.50% | 6.13% | 6.00% | 6.13% | 5.88% | N/A |
| AFFINITY PLUS FEDERAL CREDIT UNION | 7.00%▲ 13 bps | 6.88% | 6.50% | 6.13% | 6.13% | 6.13% | 5.88% | 5.88% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
Refinance - Conventional 30 yrs Fixed
| Lender | 2026-10-02 Current | 2026-09-25 7 Days Ago | 2026-09-17 15 Days Ago | 2026-09-02 30 Days Ago | 2026-08-18 45 Days Ago | 2026-08-03 60 Days Ago | 2026-07-04 90 Days Ago | 2026-04-05 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| LANGLEY FEDERAL CREDIT UNIONLOWEST | 5.90% | 5.90% | 5.90% | 5.90% | 5.63% | 5.63% | 5.63% | 5.25% |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | 6.38%▲ 38 bps | 5.99% | 5.99% | 5.99% | 5.99% | 5.99% | 5.88% | N/A |
| KNOXVILLE TVA EMPLOYEES CREDIT UNION | 6.50%▲ 100 bps | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 6.25% |
| NEIGHBORS FEDERAL CREDIT UNION | 6.63% | 6.63% | N/A | N/A | N/A | N/A | N/A | N/A |
| DELTA COMMUNITY CREDIT UNION | 6.88%▲ 38 bps | 6.50% | 6.25% | 6.25% | 6.25% | 6.25% | 6.00% | 5.88% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 7.25% | 7.25% | 6.88% | 6.63% | 6.63% | 6.63% | 6.38% | N/A |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 7.25% | 7.25% | 6.88% | 6.63% | 6.49% | 6.49% | 6.38% | 6.38% |
| WHATCOM EDUCATIONAL CREDIT UNION | 7.25%▼ 75 bps | 8.00% | 7.50% | 7.25% | 6.63% | 7.25% | 6.50% | 6.38% |
| FIRST ENTERTAINMENT CREDIT UNION | 7.38%▲ 13 bps | 7.25% | 6.88% | 6.63% | 6.50% | 6.63% | 6.38% | N/A |
| AFFINITY PLUS FEDERAL CREDIT UNION | 7.50%▲ 13 bps | 7.38% | 7.00% | 6.75% | 6.75% | 6.75% | 6.38% | 6.50% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
1ST ADVANTAGE FEDERAL CREDIT UNION
As of October 2, 2026, refinance rates for fixed-rate mortgages have increased notably. The 15-Year Fixed Refinance rate stands at 6.00%, rising by 25 basis points compared to one week ago and matching a similar increase over the past 30 days. Meanwhile, the 30-Year Fixed Refinance rate is at 6.375%, up by 38.5 basis points from last week and reflecting a comparable 30-day rise. These upward shifts indicate a higher cost of borrowing for members considering refinancing, potentially impacting monthly payments and overall interest expenses.Members prioritizing stability may find the 15-Year Fixed Refinance option preferable due to its lower rate. Given these changes, it is prudent to evaluate refinancing strategies carefully, especially when potential savings outweigh closing costs or if locking in a fixed rate aligns with long-term financial goals.For details, visit https://www.1stadvantage.org/personal/home-loans-equity/refinance-home-loan/#rates.
AFFINITY PLUS FEDERAL CREDIT UNION
On October 2, 2026, 15-Year Fixed-Rate Conventional Refinance loans stand at 7.00%, reflecting a 12.5 basis point increase compared to last week and an overall rise of 87.5 basis points over the past 30 days. Similarly, the 30-Year Fixed-Rate Conventional Refinance option is priced at 7.50%, up by 12.5 basis points from seven days ago and showing a 75 basis point increase over the last month. These yield spreads indicate rising borrowing costs for homeowners considering refinancing. For borrowers prioritizing predictability, fixed-rate terms remain suitable despite recent upticks; however, evaluating your mortgage strategy in light of these trends is advisable. Members should consider refinancing only if projected savings exceed associated expenses or explore shorter-term fixed products to mitigate long-term interest risks. For details, visit https://www.affinityplus.org/rates/mortgage-rates.
CONNECTICUT STATE EMPLOYEES CREDIT UNION
As of October 2, 2026, 15 Year Fixed Refinance rates remain at 6.625%, unchanged over the past week but up 50 basis points compared to 30 days ago. This upward trend increases the cost of borrowing for homeowners seeking shorter-term refinancing solutions. Meanwhile, the 30 Year Fixed Refinance rate holds steady at 7.25%, with no weekly change and a 62.5 basis point rise since last month, reflecting wider yield spreads in longer-term fixed products.Members considering refinancing should assess their long-term financial plans; those prioritizing payment stability may find the 15 Year Fixed option more cost-effective despite recent increases. Evaluating current rates against potential savings is essential before committing to refinancing strategies.For details, visit https://www.csecreditunion.com/Rates/Loan-Rates#firstmortgage.
DELTA COMMUNITY CREDIT UNION
On October 2, 2026, refinance rates for fixed mortgages have increased notably. The 15-year fixed refinance rate stands at 6.0%, up by 37.5 basis points from last week and 50 basis points compared to 30 days ago. Similarly, the 30-year fixed refinance rate is 6.875%, rising by 37.5 basis points over seven days and 62.5 basis points month-over-month. These yield spreads reflect higher borrowing costs, impacting members seeking to lower monthly payments through refinancing. Borrowers prioritizing payment stability may find the current rates warrant a careful evaluation of long-term savings versus upfront costs. Considering recent upward trends, members should analyze whether refinancing benefits outweigh rate increases or if locking in a fixed rate now aligns better with their financial strategy.For details, visit https://www.deltacommunitycu.com/personal/loans/home-loans/home-loan-refinance.html#mortgage-rates.
FIRST ENTERTAINMENT CREDIT UNION
As of October 2, 2026, 15-year fixed refinance rates increased by 12.5 basis points, rising to 6.875%, while the 30-year fixed refinance rate also climbed by 12.5 basis points to 7.375% compared to one week ago. Over the past 30 days, both terms experienced a notable yield spread expansion of 75 basis points, reflecting higher borrowing costs for homeowners refinancing their mortgages. The 15-year fixed refinance at 6.875% remains the lowest rate available today, offering a comparatively reduced long-term interest burden for borrowers prioritizing accelerated payoff schedules.These rate movements suggest that members evaluating refinancing should carefully weigh potential savings against increased rates; fixed-rate options provide stability amid recent volatility. Consider assessing your mortgage strategy based on current yield trends and your financial goals, especially if long-term cost reduction is a priority.For details, visit https://www.firstent.org/personal/home-loans/mortgage-refinance/#rates.
KNOXVILLE TVA EMPLOYEES CREDIT UNION
As of October 2, 2026, mortgage rates for Knoxville TVA Employees show notable increases in refinance products. The 15-Year Fixed-Rate Mortgage now stands at 5.5% with 3 points, up by 25 basis points compared to last week and month, reflecting a moderate rise in borrowing costs for shorter-term refinancing. Meanwhile, the 30-Year Fixed-Rate Mortgage has surged to 6.5% with 1 point, marking a substantial increase of 100 basis points over the past seven and thirty days. This wider yield spread affects long-term refinancing affordability more significantly.Members considering refinancing should evaluate these rate trends carefully; those prioritizing payment stability may find the 15-year fixed option at 5.5% comparatively favorable. In contrast, longer-term refinancing carries higher costs due to the recent rate jump. Data-driven assessment of your mortgage strategy is advisable given current market dynamics.For details, visit https://www.tvacreditunion.com/borrow/loans/home-refinance.html.
LANGLEY FEDERAL CREDIT UNION
As of October 2, 2026, Langley Credit Union’s refinance fixed-rate mortgage offerings remain steady with no changes in yield spreads over the past week or month. The 15-year fixed refinance rate holds at 5.75%, matching rates from seven and thirty days ago, maintaining a consistent cost of borrowing for members seeking shorter-term payoff options. Meanwhile, the 30-year fixed refinance rate stays at 5.903%, unchanged week-over-week and month-over-month, providing stability for those prioritizing longer amortization schedules.For members considering refinancing, these stable rates mean predictable monthly payments without recent upward pressure on interest costs. Evaluating your mortgage strategy with these consistent figures can help determine if refinancing aligns with your financial goals, particularly if locking in a fixed rate is important to you. For details, visit https://www.langleyfcu.org/mortgage-refinance.
MOUNTAIN AMERICA FEDERAL CREDIT UNION
On October 2, 2026, 15-Year Fixed Refinance rates remain stable at 6.49%, unchanged from a week ago but down 25 basis points compared to 30 days prior. This reduction in yield spreads lowers the cost of borrowing for members seeking shorter-term refinancing options. Conversely, the 30-Year Fixed Refinance rate holds steady at 7.25%, showing no change over the past week but an increase of 62.5 basis points versus a month ago, reflecting higher long-term funding costs.Members prioritizing predictability may consider the 15-Year Fixed Refinance for reduced interest expenses and accelerated payoff. Meanwhile, those with longer horizons should evaluate if the recent rise in the 30-Year Fixed rate aligns with their financial strategy. Given these movements, members are advised to review their mortgage profiles and consider refinancing when potential savings outweigh associated costs.For details, visit https://www.macu.com/loans/home-loans/refinance.
NEIGHBORS FEDERAL CREDIT UNION
On October 2, 2026, refinance fixed-rate mortgages remain steady at 5.875% for 15-year terms and 6.625% for 30-year terms, with no change in yield spreads over the past week. These rates reflect stable borrowing costs, offering predictable payment structures for members seeking to refinance. The 15-year fixed refinance rate at 5.875% represents the lowest cost option currently available, appealing to those prioritizing faster equity build-up and lower total interest expense. Meanwhile, the unchanged 30-year fixed refinance rate of 6.625% supports long-term affordability with extended payment periods.Members evaluating refinancing should weigh current rate stability against their financial goals; consider fixed-rate options if you value payment certainty or evaluate refinancing to reduce long-term costs when savings exceed associated fees.For details, visit https://www.neighborsfcu.org/learn/rates/mortgage-rates#:~:text=First%20Mortgage%20Purchase,View%20Mortgages.
WHATCOM EDUCATIONAL CREDIT UNION
On October 2, 2026, 15-Year Fixed Refinance rates declined by 25 basis points to 6.5%, marking a modest decrease compared to last week but a 50 basis point increase over the past 30 days. This tightening in yield spreads raises the cost of borrowing for short-term refinancers seeking accelerated payoff. Meanwhile, 30-Year Fixed Refinance rates dropped significantly by 75 basis points from last week to 7.25%, yet remain unchanged versus 30 days ago, reflecting volatility in long-term fixed yields that affects borrowers locking in extended terms.Members considering refinancing should weigh these shifts carefully: the 15-year fixed option offers the lowest current rate, beneficial for those prioritizing faster equity build-up despite slightly higher recent costs. Conversely, the stable 30-year fixed rate may suit borrowers valuing payment predictability over time. Evaluate your mortgage strategy against these trends and consider refinancing if long-term savings outweigh transaction expenses.For details, visit https://www.wecu.com/homeloans/va-loans/.
Zillow National Average
As of October 2, 2026, mortgage rates show a mixed trend. The 15-Year Fixed Rate Jumbo increased slightly to 7.084%, marking a 1-day rise of 0.01 basis points and a 30-day increase of 0.81 basis points, indicating a growing cost of borrowing for short-term loans. Conversely, the 30-Year Fixed Rate Jumbo decreased to 7.231%, reflecting a 1-day drop of 0.21 basis points, providing potential savings for long-term borrowers. Overall, these shifts suggest that while some options are becoming more expensive, others may offer competitive rates; borrowers should evaluate their choices carefully based on their financial goals and market conditions.
Federal Reserve Economic Trends
Current inflation expectations are reflected in the Breakeven Inflation Rates, with both the 10-year and 5-year rates holding steady at 2.360. This stability indicates a cautious outlook on future inflation, impacting mortgage rates and the overall cost of borrowing. Notably, the largest 7-day change was in Mortgage 30Yr Average Rates, which increased by 0.25 points, now at 7.280; this rise can affect affordability for new borrowers. Additionally, the Mortgage 30Yr Va Average Rates saw a significant increase of 0.60 points over the past month, currently at 7.005, reflecting tightening conditions. As such, prospective borrowers should closely monitor these trends to make informed decisions about financing options.
LendMesh
Every homeowner’s journey is different, but almost all of us remember that mix of excitement and uncertainty when it’s time to find the right mortgage. At LendMesh, we know the process can be overwhelming—that’s why we’ve created a place where you can get honest guidance, side-by-side rate comparisons, and direct access to lending partners who put your needs first. We work with a nationwide network of credit unions and banks, offering options you might not find anywhere else. Think of us as your financial co-pilot, here to help you make decisions with confidence. When you’re ready to explore what’s possible, visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans . Let’s turn those dreams of homeownership into reality, one step at a time.
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Conclusion
As mortgage rates inch upward across many products, even small increases can add significant costs over time. For example, a quarter-point rise on a $300,000 loan translates into roughly $40 more per month and thousands extra in interest over 15 or 30 years. With today’s data showing some credit unions holding firm while others rise by as much as 1 percentage point, it pays to shop carefully and consider your long-term goals. If you can secure one of the lowest available fixed refinance rates like the 5.5% from Knoxville TVA Employees, it might be worth moving sooner rather than later. Keep an eye on inflation signals and lender offers; thoughtful timing and precise budgeting will protect your financial future in this shifting market.