Current mortgage rates are hovering around 7% for a 30-year fixed loan in the US, while the 15-year fixed rate sits near 6.3%, according to recent rate surveys and market data.
Mortgage Research Center reported a 30-year average of 7.04% on September 15, 2026, a level cited in the site’s daily roundup of rates.
Bankrate’s daily national survey shows the 15-year fixed mortgage averaged about 6.32% on September 15, 2026, reflecting smaller spreads versus the 30-year term.
Analysts and market trackers point to rising benchmark yields as a driver: a separate report notes the 10-year Treasury yield has moved above 5%, lifting borrowing costs across mortgage products.
Higher Treasury yields typically push mortgage rates up because mortgage investors demand higher returns when government bond yields rise, a relationship shown in daily market commentary and the Federal Reserve’s interest-rate tables.
Those shifts have also pushed refinance costs toward the same range: refinance-rate surveys and lender pages report refinance offers near 6.9–7.0%, tightening the window for borrowers weighing a refinance.
For borrowers, that means monthly payments on new 30-year loans will be notably higher than they were earlier this year, and many homeowners are considering shorter terms or rate buydowns to lock lower long-term interest costs.
Sources
- Eciks — reported the 30-year mortgage rate averaged 7.04% on September 15, 2026.
- Bankrate — provided the national average 15-year fixed mortgage rate of about 6.32% on September 15, 2026.
- Eciks — reported that the 10-year Treasury yield rose above 5%, contributing to higher mortgage costs.
- Federal Reserve — H.15 release showing selected market yields and the relationship between Treasury yields and borrowing costs.
