September 29, 2026

Mortgage Rates Today, September 29, 2026 (index as of Sep 28 close)

Daily index figures are Mortgage News Daily as of the September 28, 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: 7.50% (+0.07 on the day) — Mortgage News Daily, as of September 28, 2026
15-year fixed: 7.12% (+0.02 on the day) — Mortgage News Daily, as of September 28, 2026
FHA 30-year: 7.17% (+0.02 on the day) — Mortgage News Daily, as of September 28, 2026
VA 30-year: 7.19% (+0.02 on the day) — Mortgage News Daily, as of September 28, 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 read 7.56% in the same Mortgage News Daily index and the 7/6 ARM held at 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 5.21%, after Monday’s 8 basis point climb took it to its highest level since mid-2007; it is up roughly 46 basis points over the course of September. Case-Shiller home prices, job openings and consumer confidence are all due between 9:00 and 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

The daily 30-year index added 7 basis points Monday to reach 7.50%, a round number it had not touched since April 2024. The other products moved only slightly, 2 basis points each for the 15-year, FHA and VA, and the adjustable reading did not move at all. So Monday was a conventional story rather than a broad one.

Two forces are behind it and neither is new. Oil keeps pressing on inflation expectations, with little progress reported in the U.S. and Iran talks aimed at fully reopening the Strait of Hormuz. And the bond market is carrying a heavier supply story, with concern about large fiscal deficits adding to the pressure on longer maturities. The 10-year climbed 8 basis points Monday to its highest level since mid-2007, and it has risen about 46 basis points since the start of September. Futures now price roughly a 70% chance of a Fed increase in October, with traders positioned for close to a full percentage point of increases over the coming year. One counterweight showed up yesterday: the Dallas Fed manufacturing index declined in September, a reminder that not every regional reading matches the national strength shown in last week’s flash PMI.

The week’s real tests arrive next. The PCE inflation report, the Fed’s preferred measure, comes tomorrow morning at 8:30 alongside personal income and spending. The September jobs report follows Friday, with consensus near 84,000 payrolls. Between them sits jobless claims and ISM manufacturing on Thursday. This morning brings job openings and consumer confidence, both after this page publishes.

What it means if you are…

Buying. At 7.50% the arithmetic has changed enough this month to be worth redoing rather than assuming. The same payment that supported a given price in late August supports a smaller one now, and a preapproval written three weeks ago was priced off a different market. Getting it refreshed before you write an offer is a better use of this week than watching the daily number.

Refinancing. FHA at 7.17% and VA at 7.19% are about 33 basis points under the conventional reading, a gap that widened again on Monday after compressing late last week. For an existing FHA or VA borrower those remain the relevant numbers. 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 in three days, either of which can move pricing, and a market that has gone one direction for a week. If you are locked, the only thing to manage is the expiration date. If you are floating with a closing in October, it is worth knowing exactly what your lender’s extension policy costs and how late in the process you can request one, because those are easier questions to answer today than on Friday afternoon.

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

At 7.50% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,797 per month (7.50% ÷ 12 = 0.625% 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

In a market like this one, an assumable loan is worth knowing about, and Florida sees more of them than most states because of how much FHA and VA volume runs through here. Most FHA and VA loans are assumable, meaning a buyer can take over the seller’s existing mortgage at its original rate rather than getting a new one, subject to lender approval and the buyer meeting the program’s requirements. The catch is the equity gap. The assumption covers the remaining balance, so a buyer has to bring the difference between that balance and the purchase price in cash or cover it another way, which on a home that has appreciated is often a large number. There is a second issue specific to VA: the seller’s entitlement generally stays tied to the loan unless the buyer is an eligible veteran who substitutes their own, which can limit the seller’s ability to use VA financing on their next purchase. Assumptions also take longer to process than a standard loan, so the closing timeline needs to account for it. None of this makes an assumption the right answer, but when a listing mentions a rate in the threes or fours, these are the questions that determine whether it is real.

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.