What are today's mortgage interest rates: September 17, 2026?
Summary
Mortgage interest rates have risen following the Federal Reserve's recent increase in interest rates to between 3.75% and 4.00%. As of September 17, 2026, the average 30-year mortgage rate is 7.37%, higher than earlier this year, affecting decisions on buying and refinancing homes.Key Facts
- The Federal Reserve raised its benchmark interest rate for the first time in over three years to 3.75%-4.00%.
- This rate hike aims to reduce inflation, which has been above the 2% target.
- The average 30-year mortgage rate is currently 7.37%, and the average 15-year rate is 6.62%.
- These mortgage rates are about two percentage points higher than in early March 2026.
- Refinance rates are 7.41% for 30-year loans and 6.75% for 15-year loans, also higher than six months ago.
- Borrowers with good credit, large down payments, or adjustable-rate mortgages might find lower rates.
- Refinancing may still be beneficial if borrowers can lower their rate by about 0.5% or more.
- Homebuyers and homeowners are encouraged to shop around and analyze their options before deciding.
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