September 24, 2026

Mortgage Rates Today, September 24, 2026 (index as of Sep 23 close)

Daily index figures are Mortgage News Daily as of the September 23, 2026 close. The index posts each afternoon, so a morning update carries the prior business day.

By Brendin Straubel, NMLS #1757609 · All daily updates

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: 7.26% (+0.09 on the day) — Mortgage News Daily, as of September 23, 2026
15-year fixed: 6.87% (+0.04 on the day) — Mortgage News Daily, as of September 23, 2026
FHA 30-year: 6.87% (+0.07 on the day) — Mortgage News Daily, as of September 23, 2026
VA 30-year: 6.89% (+0.07 on the day) — Mortgage News Daily, as of September 23, 2026

Freddie Mac weekly survey: 7.03%, week of 09/24. A weekly national survey of purchase applications, so it lags the daily index above.

Also today: the jumbo 30-year read 7.40% and the 7/6 ARM 6.76% 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 5.13%, after surging about 16 basis points on Wednesday to above 5.12%, a level it had not reached since 2007. Weekly jobless claims: 197,000 for the week ending September 19, below the 201,000 consensus and little changed from the prior week; the Labor Department’s own release could not be retrieved at press time, so this figure comes from wire reporting of it. New home sales are due at 10:00 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

Wednesday undid the week in a single session. The daily 30-year index jumped 9 basis points to 7.26%, which is above where this month’s earlier selloff peaked and the highest reading since May 2024. FHA and VA each rose 7 basis points. The five quiet sessions described here on Monday and Wednesday are over.

The cause was data, not the Fed. The S&P Global flash readings released at 9:45 Wednesday morning showed private-sector activity expanding at its fastest pace in more than five years, with both services and manufacturing improving. Strong growth is good news for the economy and bad news for bonds, because it raises the odds that inflation stays elevated and that the Fed keeps tightening. The 10-year Treasury surged roughly 16 basis points to above 5.12%, a level last seen in 2007, and it sits near 5.13% this morning.

The repricing showed up immediately in rate expectations. Futures markets now put the odds of an increase at the October meeting near 75%, up from roughly 54% on Tuesday, with December around 58%. Oil turned higher as well, on renewed U.S. and Iran tension, which removes the tailwind that had been pulling yields down all week. This morning’s jobless claims did nothing to soften the picture: 197,000 for the week ending September 19, below the 201,000 that had been expected, which is another reading of a labor market that is not cracking. New home sales follow at 10:00, and durable goods with the final consumer sentiment reading arrive tomorrow.

What it means if you are…

Buying. A quote from Monday is no longer comparable to one from today, and that is the practical takeaway. If you have written offers in hand from earlier this week, ask each lender to requote before you compare them, because a nine basis point day makes stale numbers misleading rather than merely old. Compare rate and APR together on the same day, and confirm how long each quote is good for.

Refinancing. FHA at 6.87% and VA at 6.89% rose with everything else but remain roughly 37 to 39 basis points under the conventional reading, so the relative picture has not changed even though the absolute one has. For an existing FHA or VA borrower the comparison is still against those numbers. 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 what the loan costs to set up.

Under contract. Two things changed on Wednesday: the level of rates, and the market’s read on October. An increase at the October meeting went from a coin flip to about a 75% expectation in one day, which matters most for closings in late October and November. For a closing inside the next few weeks, the questions are unchanged and worth asking today rather than next week: does your lock reach the closing date, what does an extension cost, and who has to request it.

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

At 7.26% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,731 per month (7.26% ÷ 12 = 0.605% 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

If you already own a Florida home with a homestead exemption and you are buying another one in the state, the Save Our Homes portability rule is worth understanding before you set a budget. Years of the 3% annual assessment cap build up a gap between your home’s market value and its assessed value, and Florida lets you carry a portion of that accumulated difference, up to $500,000, to your next homestead. The effect is on the property tax line rather than the rate, but it lands in the same monthly payment through escrow, and on a long-held home it can be the difference between two very different tax bills on identical houses. Two practical points: it is not automatic, since you file for it with the county property appraiser using a separate form alongside the new homestead application, and the window is measured in tax years rather than calendar months, so a sale and purchase that straddle a January can complicate it. Confirm the specifics with the property appraiser in the county you are moving to, since they administer it.

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.