Mortgage Rates Today, September 23, 2026 (index as of Sep 22 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: 7.17% (-0.02 on the day) — Mortgage News Daily, as of September 22, 2026
- 15-year fixed: 6.83% (unchanged on the day) — Mortgage News Daily, as of September 22, 2026
- FHA 30-year: 6.80% (-0.01 on the day) — Mortgage News Daily, as of September 22, 2026
- VA 30-year: 6.82% (-0.01 on the day) — Mortgage News Daily, as of September 22, 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 tomorrow at noon Eastern.
Also today: the jumbo 30-year read 7.35% and the 7/6 ARM 6.72% 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 4.99%, up about two basis points this morning after settling at 4.97% Tuesday. Flash manufacturing and services readings are due at 9:45 a.m. Eastern, after this page publishes. 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
Tuesday was another small move in the same direction. The daily 30-year index eased two basis points to 7.17%, which puts it back where it sat on September 14, before the final leg of this month’s climb. FHA and VA each slipped a basis point. That makes five consecutive sessions without a meaningful move, and the cumulative drift is now slightly lower rather than flat.
Oil is still the reason. Crude fell for a sixth straight session after the President said U.S. officials had a very good meeting with Iranian envoys, which continued to unwind the risk premium that drove energy prices up earlier this month. Cheaper oil lowers what the bond market expects inflation to be, and that is the channel that reaches mortgage rates.
Pulling the other way, Fed officials have not softened. Richmond Fed President Tom Barkin cautioned this week that inflationary shocks can take time to fade and that elevated price pressures risk becoming entrenched. Futures markets are now pricing roughly a 54% chance of another increase at the October meeting, which is close to a coin flip and explains why the 10-year Treasury has not fallen further. It sits near 4.99% this morning, up about two basis points. Flash manufacturing and services readings arrive at 9:45 this morning, after this page publishes; jobless claims and new home sales follow tomorrow, with durable goods and the final consumer sentiment reading Friday.
What it means if you are…
Buying. Five quiet sessions is a usable window. A quote from Monday is still a fair comparison against one you collect today, which is not the case in a fast week, so this is the stretch to gather offers from more than one lender and line them up properly on rate and APR together. Ask each how long the quote holds, since a quote and a lock are different things.
Refinancing. FHA at 6.80% and VA at 6.82% remain roughly 35 to 37 basis points under the conventional reading. For an existing FHA or VA borrower, those are the numbers your refinance would price against, not the conventional figure that leads the headlines. The refinance savings check on this site will show what a given rate change does to the payment and how many months it takes to recover the cost of the loan.
Under contract. The October meeting is now close to a coin flip in the futures market, which matters more for closings in November than for ones in the next two weeks. For a near-term closing the question stays practical: does your lock reach the closing date, what does an extension cost, and who has to ask for it. For a November closing, it is worth knowing that the market is genuinely split on what happens next rather than leaning one way.
What a $400,000 loan looks like at today’s average
At 7.17% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,707 per month (7.17% ÷ 12 = 0.598% 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
Flood insurance is the Florida cost most often discovered late. If a property sits in a high-risk flood zone, a federally related mortgage requires flood coverage for the life of the loan, and that requirement comes from the zone determination the lender orders rather than from anything a seller discloses. Two things are worth knowing before you are deep into a contract. First, the determination is based on the current flood map, and maps get revised, so a neighbor’s premium from a few years ago is not a reliable guide to yours. Second, private flood policies are now widely accepted alongside the National Flood Insurance Program, and the two can price quite differently for the same house, particularly on newer construction or homes with an elevation certificate. Asking for both quotes early, in the same week you order the inspection, keeps a flood premium from arriving as a surprise that changes the monthly payment you planned around. The elevation certificate, if the seller has one, is worth requesting in writing.
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.