30-year mortgage rate averages 7.04% in US, Mortgage Research Center says

The Mortgage Research Center showed the 30 year mortgage rate averaged 7.04% in the latest data, according to a Forbes Advisor roundup of lender surveys and RateUpdate data.

Forbes Advisor reported the 7.04% figure and said it was “0.25 percentage points higher than last week,” citing Mortgage Research Center’s displayed rates and RateUpdate’s survey of lenders.

That Mortgage Research Center average is higher than Freddie Mac’s weekly Primary Mortgage Market Survey, which put the 30-year fixed rate at 6.76% as of Sept. 10, 2026.

Different surveys use different methods: Mortgage Research Center/RateUpdate reports are drawn from lender quotes and online platforms, while Freddie Mac’s PMMS is a survey of lenders’ mortgage products run weekly, which can produce different national averages in the same period.

A stack of anonymous mortgage documents and a generic calculator on a wooden table; no logos or personal details, a pen lies across the top form

Mortgage market commentary in the past week tied rates to moves in the Treasury market and economic data; for context, the 10-year Treasury yield was reported near 4.98% on Sept. 14, 2026, a level analysts say influences longer-term mortgage pricing.

Homeowners and prospective buyers watching the 30 year mortgage rate may see lender quotes clustered around the high-6% to low-7% range, with local offers varying by credit score, down payment and loan fees.

Anonymous hands filling a loan application at a kitchen table with a laptop showing a generic rate chart; faces not visible

Why it matters: higher 30 year mortgage rate averages can raise monthly payments for new buyers and reduce refinancing incentives for current borrowers. Industry guides and mortgage shops recommend checking lender-specific quotes rather than relying on a single national average.

Sources

Forbes Advisor — reported the Mortgage Research Center average at 7.04% and that it was 0.25 percentage points higher than the prior week.
Federal Home Loan Mortgage Corporation (Freddie Mac) — provided the Primary Mortgage Market Survey figure of 6.76% for the 30-year fixed as of Sept. 10, 2026, showing a different national measure.
Money — noted that rate displays are provided by RateUpdate.com and shown by Mortgage Research Center, explaining data sources behind displayed lender rates.

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.