Mortgage refinance rates near 7% as 75% of experts expect rises

Mortgage refinance rates sit near 7% as homeowners weigh whether to lock in, with LendingTree reporting a 30-year refinance average of 7.09% this week and Bankrate’s expert poll showing 75% of analysts expect rates to rise.

LendingTree’s published refinance-rate table lists a 30-year refinance average of 7.09%, a level that advisers say has reduced refinance activity, according to their market snapshot.

An empty bank counter with stacked mortgage paperwork on a wooden surface, a pen resting on top and a blurred informational brochure in the background

Bankrate’s weekly lender survey noted that 75% of experts polled expect mortgage rates to move higher in the near term; the same Bankrate survey also reported the average 30-year fixed mortgage rate around 6.78% on September 9, providing a separate snapshot of purchase pricing.

Mortgage refinance rates track closely with broader 30-year fixed benchmarks, so the gap between a refinance quote and the headline 30-year fixed rate matters for homeowners deciding whether to refinance now or wait. Mortgage servicers and lenders consider market yields and investor demand when setting the refinance pricing consumers see.

A close-up of anonymous hands fanning a few printed loan-estimate pages at a kitchen table, a laptop screen blurred in the background

Higher refinance averages have coincided this month with press coverage noting oil-price and inflation pressures on borrowing costs, and with lenders tightening margins in some channels — factors cited in recent market commentary.

Financial advisors contacted by outlets in recent weeks have told borrowers to compare rate quotes and closing-cost trade-offs carefully, since a modest change in the headline 30-year fixed rate can erase the savings a homeowner expects from refinancing.

For context, this site’s recent coverage tracked mortgage rates climbing back toward the high 6% range in early September and highlighted the season’s impact on refinance volume.

Sources

LendingTree — 30-year refinance average of 7.09% reported in their September refinance rate snapshot.
Bankrate — weekly lender survey reporting 75% of experts expect rates to rise and the average 30-year fixed near 6.78% on September 9.
eciks.org — recent on-site coverage tracking mortgage rates moving toward the high 6% range and refinance activity shifts.

About the author, Chris Martin

Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to some of the most complex issues shaping the American economy today. At ECIKS.org, Chris covers breaking developments across domestic economic policy, business strategy, Wall Street movements, and political decisions that ripple through financial markets. His reporting blends rigorous data analysis with accessible storytelling making critical information useful for investors, entrepreneurs, and engaged citizens alike.