Mortgage Rates Today, September 22, 2026 (index as of Sep 21 close)
Today’s index numbers
All four readings below come from the Mortgage News Daily rate index on the same day, so they can be compared with each other.
- 30-year fixed: 7.19% (-0.01 on the day) — Mortgage News Daily, as of September 21, 2026
- 15-year fixed: 6.83% (unchanged on the day) — Mortgage News Daily, as of September 21, 2026
- FHA 30-year: 6.81% (unchanged on the day) — Mortgage News Daily, as of September 21, 2026
- VA 30-year: 6.83% (+0.01 on the day) — Mortgage News Daily, as of September 21, 2026
Freddie Mac weekly survey: 6.95%, week of 09/17. A weekly national survey of purchase applications, so it lags the daily index above. The next survey publishes Thursday at noon Eastern.
Also today: the jumbo 30-year read 7.35% and the 7/6 ARM 6.74% in the same Mortgage News Daily index. The federal funds target range is 3.75% to 4.00%, raised a quarter point on September 16 (Federal Reserve). The 10-year Treasury is near 4.94%, down about two basis points this morning and roughly six lower than Friday’s close. No U.S. economic data was scheduled for release this morning. The Optimal Blue daily rate-lock index is shown live in the widget on the home page.
These are national survey and index averages, not an offer.
What moved rates
Monday was quiet in the way that follows a loud stretch. Bonds held sideways, the daily 30-year index slipped a single basis point to 7.19%, and the FHA and 15-year readings did not move at all. That makes four sessions in a row inside a two basis point band, the steadiest run since the selloff began in early September.
Oil is doing most of the work. Crude fell for a fifth consecutive session on renewed hopes for a diplomatic resolution with Iran, the same tension that drove energy prices and inflation expectations higher earlier this month. Cheaper oil reaches mortgage rates indirectly, through what the bond market expects inflation to do, and that channel has been enough to pull the 10-year Treasury from 5.00% on Friday to about 4.94% this morning.
Working the other way is what Fed officials are saying. Speaking since last week’s decision, St. Louis Fed President Alberto Musalem indicated further increases may be needed to bring inflation back to target, and Chicago Fed President Austan Goolsbee said the central bank cannot overlook persistent supply shocks. That is consistent with the projections released with the decision, where 16 of 18 participants expected at least one more increase this year. So the bond market is pricing two opposing forces: falling energy costs on one side, a Fed that is not finished on the other. Sideways is what that looks like. Flash manufacturing and services readings arrive tomorrow, with jobless claims and new home sales Thursday.
What it means if you are…
Buying. A stable stretch is worth using rather than waiting out. When pricing moves two basis points in four days, quotes gathered on Monday and Wednesday are genuinely comparable, which is not true during a fast week. Get offers from more than one lender, compare rate and APR together, and ask how long each quote holds. The steadiness is the opportunity here, not a signal about what comes next.
Refinancing. The FHA reading at 6.81% and VA at 6.83% remain roughly 36 to 38 basis points below the conventional number, a gap that has held all week. If you carry an FHA or VA loan, that is the comparison that matters, since your refinance would price off those programs rather than the conventional headline. The refinance savings check on this site shows what a given rate change does to the payment and how long it takes to recover what the loan costs to set up.
Under contract. Nothing on this week’s calendar typically moves rates the way a Fed meeting or a CPI report does, which makes the next few days a reasonable window to sort out lock logistics rather than react to them. If your lock expires before closing, ask now what an extension costs, how many days it buys and who has to request it. The one thing that could disturb the calm is oil reversing, since the recent improvement traces directly to it falling.
What a $400,000 loan looks like at today’s average
At 7.19% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,712 per month (7.19% ÷ 12 = 0.599% monthly rate, over 360 payments). These figures exclude property taxes, homeowners insurance, flood insurance, mortgage insurance and any association dues; the actual monthly obligation will be greater.
Florida note
Florida’s homeowners insurance market has stabilized enough that shopping the policy has become worth the effort again, and the timing matters to a purchase. Insurers here price heavily on roof age, construction type and distance from the coast, and two carriers can look at the same Tampa Bay house and land far apart on premium. Because the premium feeds the escrow payment, it moves the monthly obligation a lender looks at, which means the quote you bring to the table is not just a homeowner decision. The practical sequence for a buyer under contract is to get insurance quotes early, in the same week as the inspection rather than the week before closing, since a surprise premium late in the process forces either a new carrier search under time pressure or a payment that is higher than planned. If you are refinancing, the same review is worth doing at the same time, because a lower premium and a lower rate both show up in the same monthly number.
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.