Mortgage Rates Today, September 4, 2026 (index as of Sep 3 close)

Today’s index numbers

• 30-year fixed: 6.71% (+0.05 vs. prior week) — Freddie Mac Primary Mortgage Market Survey, latest survey dated September 3, 2026
• 15-year fixed: 6.04% (+0.06 vs. prior week) — Freddie Mac Primary Mortgage Market Survey, latest survey dated September 3, 2026
• Daily rate index: 6.88% 30-year fixed (−0.03 on the day) — Mortgage News Daily, as of September 3, 2026. The same reading showed the 15-year at 6.48%, FHA 30-year at 6.44%, VA 30-year at 6.46%, jumbo 30-year at 7.05% and the 7/6 ARM at 6.47%. Today’s reading will not post until this afternoon, after the market digests the jobs report.
• 10-year Treasury: about 4.79% shortly after the 8:30 a.m. release, up roughly 3 basis points from Thursday’s 4.76% close.

These are national survey and index averages, not an offer.

What moved rates

The August jobs report, released at 8:30 a.m. Eastern this morning, came in far stronger than expected. Employers added 162,000 jobs against a Dow Jones consensus near 53,000, and the two prior months were revised up by a combined 55,000 — July, first reported as a loss of 23,000, now shows a gain of 21,000. The unemployment rate held at 4.1%. Average hourly earnings rose 0.3% on the month and 3.1% over the year, and participation edged up to 61.6%.

That is the opposite of what the bond market had positioned for. Thursday was the best day of the week for mortgage rates: Fed Governor Christopher Waller said he would prefer to hold rates steady in September if disinflation resumes, the ISM services index came in at a firm 55.4, weekly jobless claims stayed low at 206,000, and the 10-year Treasury still finished near 4.76%, with the Mortgage News Daily 30-year index easing to 6.88%. The first reaction this morning has reversed some of that: the 10-year moved up to about 4.79% within minutes of the release. A payroll number three times the forecast gives the Federal Reserve less reason to hold and more reason to consider the quarter-point increase that three officials wanted in July, when the Committee held the target range at 3.50%–3.75% on a 9–3 vote. Before this morning, futures priced roughly even odds of a hike at the September 15–16 meeting; the report pushes in the direction of higher, not lower.

The Freddie Mac survey released Thursday caught up with last week’s selloff, rising to 6.71% on the 30-year and 6.04% on the 15-year. That figure is a weekly average collected before today’s report, so it will not reflect this morning’s move until next Thursday’s survey.

What it means if you are…

Buying. The daily index at 6.88% is the closer reflection of what lenders are quoting today, and the direction after the report is up rather than down. A strong labor market is good news for your income and job security, which underwriters care about, even as it works against the rate. Compare real offers against each other on the same day using both rate and APR, and ask each lender how their pricing changed after 8:30 this morning.

Refinancing. Today’s report makes the wait-for-lower-rates case harder, not easier. The number worth having is your break-even: the month at which the savings from a new payment cover what the loan costs to do. If that math works at today’s rates, the report changes nothing; if it only works at a rate well below today’s, the report says that rate is further away than it looked yesterday. The refinance savings check on this site takes a few minutes.

Under contract. Rates were already near the top of their recent range before the release, and the first move today is higher. Locking removes the risk that the move extends into next week’s inflation data; floating keeps the chance that the market decides one strong month does not change the Fed’s path. Which fits depends on your closing date and how much a payment change would strain your budget. Worth a conversation with whoever is handling your loan today rather than Monday, since bond markets are closed for Labor Day.

What a $400,000 loan looks like at today’s average

At 6.71% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,584 per month (6.71% ÷ 12 = 0.559% monthly rate, over 360 payments). At the daily index reading of 6.88%, the same loan runs about $2,629 — roughly $45 more per month, or about $16,000 across the full term. These figures exclude property taxes, homeowners insurance, flood insurance, mortgage insurance and any association dues; the actual monthly obligation will be greater.

Florida note

Monday is Labor Day, and the holiday weekend matters for anyone closing in mid-September. Bond markets, most lenders and every county recorder’s office are closed Monday, so a rate lock that expires early next week effectively has one fewer business day, and a closing scheduled for Tuesday needs its closing disclosure delivered by this Friday to satisfy the three-business-day rule. Florida buyers also still face the September 10 peak of hurricane season; if a storm forms over the long weekend, insurance binding can pause and a closing can slip. Confirm your lock expiration, your disclosure timing and your insurance binder before you leave the office today.

Rates shown could change or may not be available at commitment or closing. For a quote on your own scenario, use the rate-quote form on this page.

Daily Mortgage Rates is published by PMF, Inc. d/b/a Pioneer Mortgage Funding, NMLS #1980 · Branch NMLS #2681379 · Mortgage Loan Originator: Brendin Straubel, NMLS #1757609 · 401 E Jackson St, Suite 2340, Tampa, FL 33602 · 813-728-7764 · bstraubel@pmfmortgage.com. Verify licensing at nmlsconsumeraccess.org. Not a commitment to lend. All loans subject to credit approval.