September 28, 2026

Mortgage Rates Today, September 28, 2026 (index as of Sep 25 close)

Daily index figures are Mortgage News Daily as of the September 25, 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: 7.43% (-0.02 on the day) — Mortgage News Daily, as of September 25, 2026
15-year fixed: 7.10% (unchanged on the day) — Mortgage News Daily, as of September 25, 2026
FHA 30-year: 7.15% (+0.10 on the day) — Mortgage News Daily, as of September 25, 2026
VA 30-year: 7.17% (+0.10 on the day) — Mortgage News Daily, as of September 25, 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. The next survey publishes Thursday at noon Eastern.

Also today: the jumbo 30-year held at 7.55% in the same Mortgage News Daily index, while the 7/6 ARM rose 15 basis points to 6.85%. 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 5.22%, up about five basis points this morning after easing to 5.17% on Friday. The Dallas Fed manufacturing index is the only release scheduled today. 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

Friday brought the first pause in three sessions, but only for part of the market. The conventional 30-year reading eased 2 basis points to 7.43% and the 15-year held flat, while FHA and VA each rose 10 basis points and the 7/6 ARM rose 15. That is government and adjustable pricing catching up to a selloff that conventional absorbed first. It is a normal pattern after a fast move, and the practical effect is that the FHA advantage narrowed from about 40 basis points on Thursday to roughly 28 today.

Underneath, the bond market did not improve much. The 10-year Treasury dipped to 5.17% Friday as oil eased on continued talk of U.S. and Iranian negotiations, then gave that back this morning to sit near 5.22%. It remains close to levels last seen in 2007. Friday’s final University of Michigan reading confirmed a sharp increase in September inflation expectations, which is the sort of detail the Fed watches closely and which limited how much the bond rally could run.

This week is dense. The PCE inflation report, the Fed’s preferred gauge, arrives Wednesday morning alongside personal income and spending and the final second-quarter GDP reading. The September jobs report follows Friday, with consensus near 84,000 payrolls. Job openings and consumer confidence come Tuesday, ISM manufacturing Thursday, and several Fed officials speak throughout. Futures currently price roughly a 66% chance of an increase at the October meeting, down slightly from last week, which means both Wednesday and Friday have room to move that number in either direction.

What it means if you are…

Buying. Which loan product you are using matters more this week than it usually does. Conventional, FHA, VA and adjustable pricing all moved differently on Friday, so a quote comparison only works if both lenders are quoting the same program on the same day. If you are weighing FHA against conventional, the gap between them has moved 12 basis points in one session, which is worth a fresh look rather than relying on what you were told last week.

Refinancing. The FHA and VA readings rose while conventional held, so the relative case for a government streamline is slightly weaker than it was on Thursday, though those products still price below conventional. The refinance savings check on this site shows 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 scheduled reports this week can move pricing meaningfully, Wednesday’s PCE and Friday’s jobs report, and they sit on either side of a closing calendar that is about to flip into October. If your lock expires in the next two weeks, this is the week to confirm the exact expiration date and what an extension costs, because doing that after a surprise is more expensive than doing it before one.

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

At 7.43% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,778 per month (7.43% ÷ 12 = 0.619% 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 own a Florida home and have never had a wind mitigation inspection, it is the cheapest thing on the list of ways to lower a monthly payment. The inspection documents features that reduce hurricane damage risk, things like roof covering and deck attachment, roof-to-wall connections such as clips or straps, roof geometry, and opening protection like impact glass or shutters. Florida law requires insurers to give premium discounts for those features, and the credits can be substantial on an older home that was reroofed or had shutters added without the carrier ever being told. The inspection itself typically costs about what a home inspection add-on does, and the report is usually good for five years. The mortgage connection is escrow: a lower annual premium lowers the monthly escrow payment, which lowers the total payment even though the rate has not changed. For a buyer, asking whether the seller has a current wind mitigation report is worth doing early, since a missing one means your insurance quote may be priced without credits the house actually earns.

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.