Sign Up for Mortgage Rate Text Alerts
Get a real-time text alert when mortgage rates fall, plus a Friday recap of rates for conventional, FHA, VA and jumbo loan programs and a short note on what moved the market that week.
How LendFriend’s Mortgage Rate Text Alerts Work
Mortgage rates change daily, and a small move may shift the monthly payment on a jumbo loan by hundreds of dollars. LendFriend’s text alerts track those moves for you, so homebuyers know when to lock a rate and homeowners know when a refinance may make sense. Sign up below with your name, email and phone number to receive the next update.
➕ Lower your monthly payment and get better terms.
➕ Get real-time market updates so you know when mortgage rates fall.
➕ Friday recaps with housing market updates and mortgage rates for conventional, FHA, VA and Jumbo loan programs
Join 2,000+ subscribers every week. Always free. Stop at any time.
Join 2,000+ subscribers every week. Always free. Unsubscribe at any time.
How Our Mortgage Rate Alerts Help Homebuyers Save on Their Home Loans
Thousands of smart homebuyers and homeowners have used LendFriend’s rate alerts to lock in lower rates at just the right time — saving money on their mortgage payments for years to come. Here are just 4 examples of borrowers who saved thousands with our Rate Alert.
✅ $4,500 Upfront Savings — Thanks to a Realtor Who Cares
A realtor on our Friday Rate Alert list helped her buyer Ft. Lauderdale, Florida save $4,500 upfront. Her client was under contract — working with another lender who offered him a 6.375% + $3,000 in discount points. After the realtor saw our alert, she introduced us to her client— and we locked in 6.125% + a $1,500 credit. That’s $4,500 saved on day one PLUS $695 per year in lower interest — all because a realtor wanted her buyer to get a better deal.
✅ $11,000 Saved — Just By Getting a Second Opinion
Another borrower in San Antonio, Texas was about to lock in a rate from a lender his realtor had recommended — it seemed like a great deal. But after getting our rate text, he reached out to us. We offered the same rate but with no points and no fees — saving him over $11,000 in discount points. That’s money he could now put toward furniture, renovations, or whatever he wants — plus he enjoyed a faster closing and the 5-star service we’re known for.
✅ Lowered Closing Costs by $9,000 — Friends Don't Let Friends Waste Money
Another borrower, Steve, in Tomball, Texas was working a lender he thought was his "best friend". But after a true friend showed Steve our rate text, Steve reached out to us. We offered the 1% lower rate with NO points or lender fees — saving him over $9,000 in discount points and $7,000 a year in interest! It's a nice idea to work with friends, until you're flushing tens of thousands down the toilet.
✅ $12,000 Saved on a Cash-Out Refinance — One Rate Alert at the Right Time
A homeowner in Avalon, New Jersey wanted to take equity out of his shore home to pay for a renovation. His bank quoted 7.125% with one discount point on a $1.2 million cash-out refinance. After our Friday Rate Alert showed jumbo rates falling, he asked us to price the same loan. We locked in 6.75% with no points — saving him $12,000 upfront and about $4,500 a year in interest.
This Week's Mortgage Rate Alert
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Read The Latest About Mortgage Rates
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Mortgage Rate FAQs: What You Need to Know and How LendFriend Helps You Save
Why Sign Up for Mortgage Rate Alerts?
Get notified when mortgage rates drop — so you can secure a lower payment before the market shifts.
Being able to see rates come down in real time allows you to better time the market. Typically for every 1% rates fall, about 1 million more Americans reignite their home shopping search and qualify easier for their dream home.
A well-timed alert may also spare you the cost of paying discount points for a permanently lower rate, since the market sometimes delivers that rate on its own.
What’s Included in Our Rate Alerts?
Check out the prior week's Rate Update here as an example. Our weekly mortgage rate updates show rates for 30-year fixed, VA, FHA, jumbo, and ARM loan options.
The text will also have a quick blurb about the most important items that had an impact on mortgage rates over the week.
Who Benefits from Rate Alerts?
Homebuyers, homeowners looking to refinance, and investors can all gain by knowing when it’s time to lock in the best mortgage rate. High-net-worth buyers may benefit as well, since a lower rate changes the math for anyone weighing a mortgage against selling appreciated stock and paying capital gains tax.
How are these different from the average mortgage rates calculated?
The national mortgage rate averages shown above come from the Optimal Blue Mortgage Market Indices (OBMMI). These rates represent a daily average of actual locked rates across thousands of lenders nationwide. The index includes a wide range of borrowers, property type (condo vs house), loan type (primary, secondary, investment), credit scores, and loan-to-value ratios, so it reflects general market pricing rather than a specific lender’s rate sheet.
LendFriend uses a typical borrower profile to price out a real scenario. Our rates are accurate and apply to the average LendFriend borrower.
Why are LendFriend's rates often lower than the national average?
LendFriend Mortgage is a family-owned, independent mortgage broker. That means we work with many different lenders to shop around and find you the best deal — not just the rates from one bank. Because of this, we can often offer access to wholesale mortgage rates that are lower than the national average.
We’re a small business, not a big bank. Unlike large lenders with high overhead costs, we keep things lean so there’s less cost passed on to you. On top of that, we help match you with the right loan program for your needs — and you may qualify for special discounts or lender credits through us that you wouldn’t get elsewhere, helping you save even more.
What’s the difference between conforming, jumbo, VA, FHA, and ARM rates?
Each loan type has its own eligibility criteria, risk profile, and secondary market pricing:
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Conforming loans (up to Fannie Mae/Freddie Mac limits) usually have the best rates for well-qualified borrowers.
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Jumbo loans exceed conforming limits and often have slightly higher rates.
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VA loans (for veterans/military) can offer below-market rates and reduced fees, and current VA borrowers may lower their rate through a VA IRRRL.
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FHA loans may have competitive rates, but they include mortgage insurance premiums that affect the overall cost.
- ARM products (aka adjustable rate mortgages) are fixed for an initial period (typically 5-10 years) and then adjusting to a market rate thereafter. It's a great option if you see yourself refinancing or selling within the initial period.
We offer a wide range of mortgage loan options and can help you find the one that suits you best.
Where can I find rates for Non-QM products like asset depletion mortgages?
Please contact us directly by completing this form to get today’s mortgage rates for all of our Non-QM loan products, like asset depletion mortgages, bank statement loans, self-employed home loans and crypto mortgages.
Non-QM pricing varies more from lender to lender than conventional pricing does, which is why we compared the best asset depletion loan lenders, the best DSCR loan lenders and the best lenders for self-employed mortgages rather than publishing one average. Guidelines move as well: Freddie Mac’s 180-month asset depletion formula changed how much qualifying income a given portfolio supports.
BORROWER TESTIMONIALS
See Why Borrowers Call Us the Best Mortgage Broker
From first-time homebuyers and business owners to jumbo borrowers and clients with complex income, see what borrowers across the country say about working with LendFriend Mortgage.
★★★★★
“Super impressed with how fast and smooth the whole process was — especially given my complex RSU comp structure that traditional banks kept discounting.
Eric and the team had no problem including my full base + RSU compensation. They were extremely fast, set clear expectations from the start, and followed through on everything they promised.
Honestly one of the easiest and most stress-free mortgage experiences I’ve ever had. Highly recommend!”
“LendFriend is the absolute best. I found them after I was denied by a lender due to an appraisal issue. I spoke with dozens of lenders, but LendFriend was the only one that could figure out a solution. They were able to close my jumbo loan in less than 3 weeks and hit my closing date. If you need a lender to step in and save the day, call LendFriend!”
“I recently used LendFriend for my home purchase, and they were fantastic! The team was professional, responsive, and truly caring. They explained everything clearly, answered all my questions, and made the process smooth and stress-free.
What really sets them apart is their forward-thinking approach—they accept cryptocurrency holdings as proof of income/assets, which was a game-changer for me and made qualifying so much easier. Communication was excellent, they secured a great rate, closed on time with no hidden fees, and their online portal was super easy to use.
If you want a modern lender that puts you first, embraces crypto, and delivers results, choose LendFriend. I’ll recommend them to everyone—thank you for making my dream home possible!”
“As a 1099 worker with non-traditional income history, Eric was able to think outside the box and help me find a mortgage for my first home. The company was always problem-solving and the process was seamless. I have already recommended them to several other friends and colleagues. If you are a non-traditional borrower or are looking for someone that can come up with creative solutions, check out LendFriend!”
“The team at LendFriend made buying our home in Florida so easy. We had an expiring lease and LendFriend was able to move very quickly to get us closed in under 30 days before the lease ended. They also got us a great rate on a jumbo loan and were available day and night to answer all of our questions. If you’re looking for a mortgage broker that makes the process stress-free while still getting you a great rate, you have to call LendFriend.”
“LendFriend made my homebuying experience so easy. As a business owner, I heard horror stories about how hard it can be for guys like me to get a mortgage. Thankfully I found LendFriend. Eric and the team had me approved in no time. My rate was great and they closed on time. Couldn’t ask for more.”
“Financing a home with acreage and unconventional retirement income can be overwhelming, but LendFriend Mortgage made the process smooth from beginning to end.
They were always quick to respond, answered every question we had, and explained each step in a way that was easy to understand. We always had direct access to the people actually working on our loan, which made the experience much less stressful.
What really stood out was that even after the loan funded, they continued helping and making sure we understood the next steps. There was never a feeling of “the loan closed, good luck.”
We truly appreciated the patience, communication, and support through the entire process and would absolutely recommend LendFriend Mortgage, especially for anyone with a unique financial situation or rural property purchase.”
“Eric and his team went above and beyond to help us with our home purchase. Our realtor recommended LendFriend to us and we couldn't have been happier with the recommendation. They were so nice and answered every question we had no matter how insignificant it seemed.”
What determines your mortgage rate?
Credit score
A higher credit score usually means you’ll qualify for lower mortgage rates. Lenders see strong credit as a sign you’re more likely to repay your home loan on time.
Debt-to-income ratio
Your DTI measures monthly debt against income. The lower your DTI, the easier it is to qualify for competitive home loan rates in Texas and beyond.
Market conditions
Rates also move with the bigger picture—things like the Federal Reserve’s policies, inflation, and overall housing demand.
Terms to know
What’s an interest rate?
It’s a percentage you’re charged to borrow money, applied to your loan amount.
What’s APR?
Annual percentage rate is interest rate with the fees to process your mortgage added on.
What’s a fixed-rate mortgage?
A fixed-rate loan where the interest rate never changes, giving you predictable payments for the life of the loan.
Who's the Fed?
The Federal Reserve is the central bank of the U.S. It controls the Fed Funds Rate, which is the interest rate banks charge to borrow money. While the Federal Reserve does not control mortgage rates, they have a heavy influence on them by increasing or decreasing the Fed Funds Rate.