If you’re searching for mortgage rates today, today mortgage interest rates, or simply the mortgage rate today, the latest U.S. data shows that borrowing costs remain around the 7% range for a typical 30-year fixed mortgage.
As of September 28, 2026, Bankrate’s latest national averages show a 7.22% rate for a 30-year fixed mortgage and 6.61% for a 15-year fixed mortgage. Freddie Mac’s latest weekly survey, released September 24, reports 7.03% for a 30-year fixed mortgage and 6.42% for a 15-year fixed mortgage.
Because different surveys use different lenders and methodologies, today’s advertised rate can vary from one source to another. Your actual mortgage offer can also depend on your credit score, down payment, loan type, property and lender.
Mortgage Interest Rates Today
Here are the latest widely reported mortgage interest rates:
| Mortgage Type | Current Rate | Source |
|---|---|---|
| 30-Year Fixed | 7.22% | Bankrate |
| 15-Year Fixed | 6.61% | Bankrate |
| 30-Year Fixed | 7.03% | Freddie Mac |
| 15-Year Fixed | 6.42% | Freddie Mac |
| 30-Year FHA | 6.78% | MBA |
| 30-Year Jumbo | 7.15% | MBA |
These figures are national benchmarks and not guaranteed individual loan offers.
Interest Rates Mortgage Today: What Are Borrowers Paying?
The phrase interest rates mortgage today is commonly used when people search for the latest cost of financing a home.
For a 30-year fixed mortgage, current national benchmarks are around 7%. The exact rate offered to a particular borrower may be higher or lower.
Several factors can influence the final rate, including:
- Credit score
- Down payment
- Loan amount
- Loan term
- Property type
- Debt-to-income ratio
- Loan program
- Discount points
- Lender pricing
This is why two borrowers shopping for the same type of mortgage can receive different offers.
Today Mortgage Interest Rates
Today mortgage interest rates are influenced by conditions in the broader financial markets.
Mortgage rates don’t simply follow the Federal Reserve’s benchmark rate. Long-term Treasury yields, inflation expectations, economic growth, investor demand and mortgage-market conditions can all affect pricing.
Freddie Mac’s latest data shows the 30-year fixed average increasing from 6.66% on August 27 to 7.03% on September 24, 2026.
Interest Mortgage Rates Today
When comparing interest mortgage rates today, it’s important to look beyond the headline percentage.
A lender may advertise a particular mortgage rate while charging points or other fees. Another lender might offer a slightly higher rate with lower upfront costs.
That’s why borrowers should compare both the interest rate and APR.
| Term | What It Means |
|---|---|
| Interest Rate | Cost of borrowing the mortgage principal |
| APR | Broader annualized borrowing cost including certain fees |
| Points | Upfront cost that can reduce the interest rate |
| Closing Costs | Fees associated with completing the mortgage |
Interest Rates Today: What Is Driving the Market?
Current interest rates today are being influenced by economic and financial-market conditions.
Mortgage rates can change when investors reassess inflation, economic growth or the future path of interest rates.
The latest Freddie Mac survey showed the 30-year mortgage rate moving above 7%, while the 15-year rate reached 6.42%.
This doesn’t mean that every lender will offer exactly those rates.
Interest Rates Today Mortgage Comparison
For someone searching specifically for interest rates today mortgage information, the following comparison provides a useful snapshot:
| Loan | Rate |
|---|---|
| 30-Year Fixed | 7.22% Bankrate |
| 15-Year Fixed | 6.61% Bankrate |
| 30-Year Fixed | 7.03% Freddie Mac |
| 15-Year Fixed | 6.42% Freddie Mac |
| FHA 30-Year | 6.78% MBA |
| Jumbo 30-Year | 7.15% MBA |
The different figures reflect different surveys rather than necessarily indicating a disagreement about the market.
Interest Rates Mortgage: 30-Year vs. 15-Year
One of the biggest decisions for borrowers is choosing between a 30-year and 15-year mortgage.
A 30-year loan generally has a lower required monthly payment because repayment is spread over a longer period.
A 15-year loan generally requires a larger monthly payment but allows the borrower to repay the balance much faster.
| Feature | 30-Year Mortgage | 15-Year Mortgage |
|---|---|---|
| Repayment period | 30 years | 15 years |
| Monthly payment | Generally lower | Generally higher |
| Total interest | Generally higher | Generally lower |
| Equity buildup | Slower | Faster |
| Current Bankrate rate | 7.22% | 6.61% |
Mortgage Rate Today: 30-Year Fixed
The mortgage rate today most commonly searched by homebuyers is the 30-year fixed rate.
Bankrate’s latest national average is 7.22%, while Freddie Mac’s latest weekly benchmark is 7.03%.
For a hypothetical $400,000 loan at 7.22% over 30 years, the estimated principal-and-interest payment is approximately $2,718 per month.
That figure excludes taxes, insurance, HOA fees and mortgage insurance.
Mortgage Interest Rates and Monthly Payments
Even relatively small changes in mortgage interest rates can affect monthly payments.
For example, a hypothetical $400,000 30-year mortgage would have approximately these principal-and-interest payments:
| Interest Rate | Approx. Monthly Payment |
|---|---|
| 6.00% | $2,398 |
| 6.50% | $2,528 |
| 7.00% | $2,661 |
| 7.22% | $2,718 |
| 7.50% | $2,797 |
These calculations are illustrations rather than lender quotations.
What Determines Mortgage Interest Rates?
Your individual mortgage interest rate can depend on several factors.
Credit Score
Borrowers with stronger credit profiles can potentially qualify for different pricing than borrowers with weaker credit.
Down Payment
The amount put down can affect both pricing and mortgage-insurance requirements.
Loan Type
Conventional, FHA, VA and jumbo mortgages can have different rates and costs.
Loan Term
15-year and 30-year loans generally have different interest rates.
Discount Points
Some borrowers pay upfront points in exchange for a lower rate.
Lender
Mortgage lenders can price the same loan differently, making comparison shopping important.
Interest Rates: Why Do They Change?
Mortgage interest rates can change daily and sometimes during the same day.
Financial markets continuously respond to new information about:
- Inflation
- Employment
- Economic growth
- Treasury yields
- Federal Reserve policy expectations
- Global financial conditions
- Investor demand
As those conditions change, lenders can adjust mortgage pricing.
Mortgage Interest Rates vs. Federal Reserve Rates
One common misunderstanding is that mortgage rates simply rise or fall whenever the Federal Reserve changes its policy rate.
The relationship is more complicated.
The Federal Reserve’s policy decisions influence financial conditions, but fixed mortgage rates are also strongly connected to longer-term bond-market conditions.
As a result, mortgage rates can sometimes move in a different direction from the federal funds rate.
FHA Mortgage Interest Rates Today
FHA mortgage rates can differ from conventional mortgage rates.
The latest MBA survey reported a 6.78% average 30-year FHA rate for the week ending September 24, 2026.
FHA financing also comes with its own mortgage-insurance rules and eligibility requirements, so the lowest advertised rate isn’t necessarily the lowest overall borrowing cost.
Jumbo Mortgage Interest Rates Today
Jumbo mortgages are designed for loan amounts above applicable conforming limits.
The latest MBA survey reported a 7.15% average 30-year jumbo mortgage rate for September 24, 2026.
Jumbo loans can have different underwriting requirements and pricing from conventional conforming mortgages.
Are Mortgage Interest Rates Going Up or Down?
The latest Freddie Mac weekly data shows rates moving higher through September.
| Date | 30-Year Fixed |
|---|---|
| August 27, 2026 | 6.66% |
| September 3, 2026 | 6.71% |
| September 10, 2026 | 6.76% |
| September 17, 2026 | 6.95% |
| September 24, 2026 | 7.03% |
The 30-year average therefore increased by 0.37 percentage point between August 27 and September 24.
How to Compare Mortgage Rates Today
When comparing mortgage interest rates, don’t look at the percentage alone.
Compare:
- Interest rate
- APR
- Points
- Origination fees
- Closing costs
- Mortgage insurance
- Loan term
- Total repayment cost
A mortgage with the lowest advertised rate isn’t automatically the cheapest loan.
Frequently Asked Questions
What are mortgage rates today?
The latest Bankrate national averages show a 30-year fixed mortgage at 7.22% and a 15-year fixed mortgage at 6.61%. Freddie Mac’s latest weekly averages are 7.03% and 6.42%, respectively.
What is the mortgage rate today for a 30-year loan?
Bankrate’s latest national average is 7.22%, while Freddie Mac’s latest weekly benchmark is 7.03%.
What are today’s mortgage interest rates?
Current national benchmarks are around 7% for a 30-year fixed mortgage and the mid-6% range for a 15-year fixed mortgage.
What are interest rates today?
Interest rates vary depending on the type of borrowing. For mortgages, current 30-year fixed national benchmarks are around 7%.
What are mortgage interest rates today for a 15-year loan?
Bankrate reports a 6.61% national average, while Freddie Mac’s latest weekly figure is 6.42%.
Why are mortgage interest rates different between lenders?
Lenders use different pricing models and consider factors such as credit, loan-to-value ratio, loan type, property type and market conditions.
Will mortgage rates go down?
Mortgage rates can rise or fall as economic conditions and financial markets change. No specific future rate is guaranteed.
Is a 7% mortgage rate high?
Whether a mortgage rate is affordable depends on the borrower’s financial situation, loan amount, income, down payment and other costs. The monthly payment and total cost of the loan are more useful measures than the rate alone.
Final Takeaway
The latest mortgage interest rates today remain around the 7% level for 30-year fixed mortgages.
For September 28, 2026, Bankrate’s latest national averages show 7.22% for a 30-year fixed mortgage and 6.61% for a 15-year fixed mortgage, while Freddie Mac’s latest weekly benchmarks are 7.03% and 6.42%.
Anyone searching for interest rates mortgage today, today mortgage interest rates, mortgage rate today, or interest rates today mortgage should remember that these are national benchmarks rather than guaranteed personal offers.
The actual mortgage interest rate available to you can be different based on your financial profile, loan type, property and lender.
Mortgage rates change frequently. This article provides general information and is not personalized financial or mortgage advice.
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