Mortgage Rates Today, September 11, 2026 (index as of Sep 10 close)

Today’s index numbers

• 30-year fixed: 6.76% (+0.05 vs. prior week) — Freddie Mac Primary Mortgage Market Survey, latest survey dated September 10, 2026
• 15-year fixed: 6.09% (+0.05 vs. prior week) — Freddie Mac Primary Mortgage Market Survey, latest survey dated September 10, 2026
• Daily rate index: 7.07% 30-year fixed (+0.10 on the day) — Mortgage News Daily, as of September 10, 2026. The same reading showed the 15-year at 6.62%, FHA 30-year at 6.62%, VA 30-year at 6.64%, jumbo 30-year at 7.20% and the 7/6 ARM at 6.62%.
• 10-year Treasury: about 4.94% Friday morning, roughly five basis points above Thursday’s level and the highest reading in more than a year.

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

What moved rates

Thursday turned into the week’s second bad day in a row. Mortgage News Daily described it as snowball selling driven half by oil and half by the producer price report, with mortgage-backed securities losing nearly a full point by the close. The daily 30-year index jumped 10 basis points to 7.07%, crossing 7% for the first time in more than a year.

This morning’s consumer price index did not help. Prices rose 0.4% in August, up from 0.1% in July, and 3.4% over the past 12 months against a forecast near 3.3%. The core measure that excludes food and energy rose 0.3% on the month, a tenth above what economists expected, and 2.4% over the year. The energy line explains most of the headline: energy prices rose 2.1% in August and 16.3% over 12 months, with gasoline alone up 3.9% on the month and 27.4% on the year. Shelter, the largest single component, rose 0.3% after 0.1% in July.

Short-term yields moved the most: the 2-year jumped about 15 basis points to its highest level in more than two years, and interest-rate futures now put the odds of a Federal Reserve rate increase at next week’s meeting near 70%. The Committee held its target range at 3.50%–3.75% in July on a 9–3 vote, with all three dissents wanting a quarter-point increase, and meets Tuesday and Wednesday with updated projections. Fed Chair Kevin Warsh has said the central bank will “have work to do” if inflation does not fade. Oil eased in premarket trading after the report, with West Texas Intermediate near $99 and Brent near $103.70, both still far above where they started the month.

What it means if you are…

Buying. The daily index at 7.07% is the number that reflects what lenders are quoting, and it now sits above every reading of the past year. The survey figure of 6.76% is a weekly average collected before this move, so it will look stale until next Thursday. The practical step is unchanged: gather offers from more than one lender on the same day, compare rate and APR together, and ask what the payment looks like with Florida insurance and taxes included rather than principal and interest alone.

Refinancing. At these levels a rate-and-term refinance makes sense for very few people who financed in the past two years. What is worth doing today is the arithmetic, not the application: know the rate at which your break-even lands inside the time you plan to keep the house. That figure does not change when rates move, so having it ready means a future opportunity turns into a decision you have already thought through. The refinance savings check on this site produces it in a few minutes.

Under contract. The Fed decision arrives Wednesday and the market has moved a long way in four sessions. Locking now removes the exposure to that meeting; floating leaves room for the market to have overshot, at the cost of being wrong if the Committee raises and signals more. Neither is the safe choice in the abstract. What tips it is your closing date, whether your lock already expires before the meeting, and how much a payment change would strain the budget you qualified on. That is a conversation for today rather than Monday afternoon.

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

At 6.76% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,597 per month (6.76% ÷ 12 = 0.563% monthly rate, over 360 payments). At the daily index reading of 7.07%, the same loan runs about $2,680 — roughly $83 more per month, or about $29,900 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

When rates sit at these levels, the gap between a warrantable and a non-warrantable condo costs real money, and Florida has more non-warrantable buildings than any other state. Since the structural integrity reserve study requirements took effect, associations that have not completed a study or that waived reserve funding can fail a lender’s project review, which pushes the loan to a portfolio product that typically prices well above a conventional rate. The documents that decide it are the association’s reserve study, its budget and its insurance certificate, none of which a buyer sees until the condo questionnaire comes back. If you are shopping condos this fall, ask the listing agent for those three items before you write an offer, not during the option period.

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.