Current Mortgage Rates Table – Topeka, KS
Live Market Data for
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Fixed | 360 payments of $1,797 at 5.990% | |||
| 20-Year Fixed | 240 payments of $2,085 at 5.625% | |||
| 15-Year Fixed | 180 payments of $2,431 at 5.375% | |||
| 7 Yr ARM | Initial: $1,775 (adjusts after 7 years) | |||
| 5 Yr ARM | Initial: $1,751 (adjusts after 5 years) | |||
*Estimated payments are based on a Topeka median home price of $199,500 with a 20% down payment (excluding FHA/VA). Monthly payments do not include taxes, insurance, or HOA fees.
Topeka Property Tax Estimator (2026)
Estimate your annual property taxes for Shawnee County.
Get Your Personalized Rate Quote
Mortgage rates can vary based on your credit score, down payment, and loan term. Get an accurate, no-obligation quote tailored to your specific scenario from our Topeka-based experts today.
Finding the right mortgage in the Capital City requires balancing national trends with local market conditions. As of January 6, 2026, Topeka mortgage rates have stabilized near 6.0% following the Federal Reserve’s recent pivot. Whether you are looking at a historic home in Potwin, a new build in West Ridge, or a ranch in Seaman, securing a competitive rate from our Kansas City mortgage rates table is the first step toward homeownership in a normalizing market.
January 2026 Topeka Market Pulse
Regional rates have opened the year with stability as spread compression narrows the gap between Treasury yields and consumer APRs. Local inventory in Shawnee County has seen a projected 8.9% recovery this month, giving Capital City buyers more leverage than they’ve had since 2023.
10-Yr Yield Benchmark: 4.02%
Understanding the Topeka Housing Market in 2026
Topeka offers one of the most affordable housing markets in the Midwest, but local factors in the Shawnee County housing market influence your final offer.
- Inventory Recovery: Local inventory is seeing a projected 8.9% increase in active listings this year, providing more options in high-demand areas like Westboro and Washburn.
- Median Home Value: The market currently features a median sale price of approximately $199,500, while many homes in premium neighborhoods still go pending in under 22 days.
- 2026 Conforming Limits: The conforming loan limit for Shawnee County has increased to $832,750 for 2026, providing significant flexibility for higher-balance properties without needing Jumbo products.
- Credit & VA Advantage: Personnel at Forbes Field or Fort Riley often qualify for 0% down VA loan products, while a score of 740+ is typically required for the lowest conventional rates.
Affordability Calculator: Shawnee County Benchmarks
Use our real-time calculator to estimate your payment using Topeka’s current 2026 tax and insurance benchmarks.
The “Wait vs. Buy” Analysis
Waiting for a “perfect” 5.5% rate can often cost more than buying at today’s price. If home values rise by just 5.4% while you wait, the higher purchase price negates the interest savings.
*Assumes 5.4% annual appreciation and the loss of $13,644 in non-recoverable rent while waiting.
2026 Mortgage Rate Forecast Consensus
As of January 7, 2026, experts expect the 30-year fixed rate to settle between 5.8% and 6.4% by year-end.
| Source | Projected 2026 Rate | Market Outlook |
|---|---|---|
| Fannie Mae | 6.0% | Expects gradual easing as inflation stabilizes. |
| Freddie Mac | 5.8% | Most optimistic on yield compression and labor market cooling. |
| MBA | 6.4% | Anticipates rates holding flat near 6.4% throughout the year. |
| NAR | 6.17% | Predicts modest recovery in home sales as rates steady. |
Topeka Mortgage Resource Center
Utilize our local Shawnee County tools and market intelligence to secure your 2026 home loan:
📍 Kansas Metro Comparison
- Wichita Metro: Wichita Rate Feed
- Kansas City: KC Benchmarks
- Shawnee County: Regional County Trends
📋 Topeka Loan Programs
- Fixed Rates: 30-Year Fixed | 15-Year Fixed
- Specialized: Topeka ARM Options
- State Employees: Conventional Guidelines
📊 Market Intelligence
- 2026 Forecasts: Kansas Rate Predictions
- Expert Tips: How to Get the Best Rate
- Score Impact: Credit Score Requirements
🛡️ Topeka Buying Strategy
- Rate Lock: When to Lock in Topeka
- Streamline: VA Streamline Rates
- Trends: Historical Trends