Mortgage Rates Today, September 25, 2026 (index as of Sep 24 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: 7.45% (+0.19 on the day) — Mortgage News Daily, as of September 24, 2026
• 15-year fixed: 7.10% (+0.23 on the day) — Mortgage News Daily, as of September 24, 2026
• FHA 30-year: 7.05% (+0.18 on the day) — Mortgage News Daily, as of September 24, 2026
• VA 30-year: 7.07% (+0.18 on the day) — Mortgage News Daily, as of September 24, 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 7.55% in the same Mortgage News Daily index, while the 7/6 ARM went the other way, down 6 basis points to 6.70%. 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 5.19%, after topping 5.15% on Thursday. Durable goods orders were flat in August, against expectations of a 0.4% decline, with orders excluding transportation up 0.3% and core capital goods orders up 1.6%; the Census Bureau’s own advance report still showed July at press time, so these figures come from wire reporting of the release. The final consumer sentiment reading is 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

Two days have now done what the previous two weeks did not. Thursday added another 19 basis points to the daily 30-year index, taking it to 7.45% after Wednesday’s 9 basis point jump. The 15-year moved even more, up 23 basis points. Together those two sessions have taken the index well above where this month’s earlier selloff peaked.

The driver is the same one that started Wednesday: an economy that keeps coming in stronger than expected. The 10-year Treasury topped 5.15% on Thursday, extending the move that began with the flash PMI report, and it sits near 5.19% this morning. This morning’s durable goods figures did nothing to change the picture. Headline orders were flat in August, better than the 0.4% decline that had been expected, and the core measure that strips out aircraft and defense rose 1.6%, well above the 0.5% forecast. Core capital goods orders are a read on business investment, and a strong one argues the economy has more momentum than a slowing cycle would show.

Rate expectations have moved with it. Futures now price roughly a 70% chance of another quarter-point increase at the next meeting, with several more expected over the coming year. One offsetting note: oil eased on reports that U.S. and Iranian negotiators may be working toward a phased agreement on the Strait of Hormuz, which took a little pressure off yields late in the week. Also worth noticing is the 7/6 ARM, which fell 6 basis points to 6.70% while every fixed product rose. Adjustable pricing keys off shorter maturities, and the short end has not moved the way the long end has.

What it means if you are…

Buying. A quote from earlier this week is out of date, not merely old. Two sessions moved the index 28 basis points, which on a $400,000 loan is real money in the payment, so anything you are comparing needs to be requoted today to be a fair comparison. Ask for rate and APR together, and ask what the quote costs in points, because in fast markets lenders often hold a rate steady and move the points instead.

Refinancing. FHA at 7.05% and VA at 7.07% rose less than conventional did this week, widening the gap to roughly 38 to 40 basis points. For an existing FHA or VA borrower, those are still the numbers your own refinance would price against. 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. This is the week to know exactly where your lock stands. If you locked before Wednesday, that lock is now worth more than it was, and the thing to protect is its expiration date. If you are floating with a near-term closing, the two questions are what your lender’s current pricing looks like today and what an extension would cost if you need one. Either way, the conversation is more useful today than next week.

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

At 7.45% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,783 per month (7.45% ÷ 12 = 0.621% 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

When rates move like this, builder incentives in Florida new construction get more attention, and they are worth understanding before they factor into a decision. The common structures are a permanent buydown, where money is paid up front to lower the note rate for the life of the loan, and a temporary buydown, where the rate is reduced for the first year or two and then steps up to the note rate. Three things are worth checking on either. First, the money comes from the seller or builder as a concession, and concessions are capped by program and by down payment, so a large incentive can bump into a limit. Second, on a temporary buydown the qualifying is generally done at the full note rate, not the reduced starting rate, so the incentive lowers your early payments without expanding your purchase budget. Third, ask what happens to unused buydown funds if you refinance or sell during the buydown period, since the answer varies. None of this makes an incentive good or bad, but it does change how you compare two homes when one comes with a rate offer and the other comes with a lower price.

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.