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1Clear out junk files and repair common Windows errors2Scan for outdated or missing drivers - takes under a minute3Repair Windows errors before they cause bigger problemsThe Mortgage News Daily index cited in an October 10, 2026 report showed a 30-year VA mortgage rate of 7.17% on Friday, October 9, compared with 7.48% for conventional loans in that same index. The VA reading was one basis point lower than Thursday’s and down from 7.25% on Monday. These are national benchmark readings—not lender quotes or a promise of the rate any borrower will receive.
What were VA mortgage rates on October 10?
The October 10 report by Norada Real Estate Investments attributed its figures to the Mortgage News Daily index. That index’s reported Friday, October 9 reading was 7.17% for a 30-year VA loan and 7.48% for a 30-year conventional loan. The index does not publish on weekends, so Friday’s reading was the latest available for the Saturday update. The report said the VA rate fell one basis point Friday and was down from 7.25% on Monday. Norada Real Estate Investments’ October 10 report
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Those paired figures show that the VA benchmark was lower within that index; they do not establish what an individual borrower can get. Lenders set their own pricing, and offers can vary with credit, down payment, loan details, points, rate-lock terms, and other factors. The VA loan program is backed by the federal government, but private lenders underwrite, close, and service VA loans. VA purchase loan information CFPB: What is a VA loan?
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A separate October 10, 2026 rate table from NerdWallet, using Zillow data, listed a 30-year fixed VA interest rate of 6.92% and APR of 7.15%. Its conventional entry showed a 7.34% interest rate and 7.35% APR. These numbers should not be spliced into the Mortgage News Daily comparison: providers can use different inputs, timings, lender samples, and measures, and an interest rate is not the same as APR. NerdWallet mortgage rates
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For your decision, use the benchmark as a point of reference, then compare actual written offers for the same loan type and term. Neither 7.17% nor another published average tells you whether you qualify or what your lender will offer.
What makes VA and conventional loan costs different?
A VA-backed purchase loan may let an eligible borrower buy with no down payment, and VA loans do not require monthly private mortgage insurance (PMI). Most borrowers do owe a one-time VA funding fee, unless they qualify for an exemption. A conventional alternative may require a down payment and, depending on the loan and equity, mortgage insurance. Compare the full cost of each offer rather than treating the benchmark rate as the whole story. CFPB: What is a VA loan?
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan AMT, Int, Term, PMT. This industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: At the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or tvm calculations Find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: Reduce your clients' confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket User's Guide, and long-life batteries
How much is the VA funding fee?
For VA-backed purchase and construction loans, the Department of Veterans Affairs’ published funding-fee chart, effective April 7, 2023, sets the fee as a percentage of the loan amount according to down payment and whether it is the borrower’s first or subsequent use. The VA funding-fee page was last updated October 5, 2026. VA funding fee and loan closing costs
| Down payment | First use | Subsequent use |
|---|---|---|
| Less than 5% | 2.15% | 3.3% |
| At least 5% | 1.5% | 1.5% |
| At least 10% | 1.25% | 1.25% |
For example, the VA’s page calculates a $2,850 fee on a $190,000 loan at 1.5%: a $200,000 home price minus a $10,000 down payment yields a $190,000 loan, and 1.5% of that amount is $2,850. The funding fee may be paid at closing or financed into the VA loan. For a purchase or construction/permanent loan, the funding fee is the only fee or charge that may be financed; other closing charges are due at closing. Verify the rate and how it applies to your circumstances with the VA’s current fee page and lender.
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Who may be exempt?
The VA lists exemptions that include borrowers receiving VA compensation for a service-connected disability; some borrowers eligible for that compensation but receiving retirement or active-duty pay instead; certain surviving spouses receiving Dependency and Indemnity Compensation; some service members with a qualifying proposed or memorandum rating before closing; and active-duty members who provide evidence of a Purple Heart by closing. The eligibility conditions differ, so check the VA’s official guidance rather than assuming a disability-related circumstance automatically qualifies. VA funding fee and loan closing costs
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What else should you include in the comparison?
The VA does not set a lender’s interest rate, discount points, or most closing costs. Lenders determine those charges, which can differ from one offer to another. Buyers and sellers may negotiate payment of many closing costs; seller concessions are capped at 4% of the home’s reasonable value under VA rules. Costs may include origination charges, discount points, appraisal, credit report, insurance, taxes, title insurance, and recording fees. VA funding fee and loan closing costs
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
Request Loan Estimates and compare offers on equivalent terms. The CFPB recommends using Loan Estimates to examine costs alongside interest rates. CFPB: Loan Estimate Check:
- Note rate and APR for the same fixed- or adjustable-rate term, with the same rate-lock period.
- Discount points and lender origination charges.
- Whether you owe the VA funding fee, are exempt, will pay it at closing, or will finance it.
- Down payment and resulting loan balance.
- Any mortgage insurance cost on the conventional offer, where applicable.
- Total closing costs and cash due at closing.
- How long you expect to keep the home when considering whether paying points is worthwhile.
APR and total interest can help put the note rate in context, but neither replaces reviewing the complete loan terms and your own cash-flow needs. The CFPB’s rate-comparison page was modified February 17, 2026; its illustrative comparison uses rate data from April 1, 2025, so those examples are not current October 2026 quotes. CFPB: Explore interest rates
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