Refinance rates are hovering around 7% as Freddie Mac reported the 30-year fixed-rate mortgage averaged 6.95% for the week ending September 17, 2026.
Freddie Mac’s Primary Mortgage Market Survey shows the 30-year FRM rose to 6.95% from 6.76% the prior week, and the 15-year FRM averaged 6.26%, according to the agency’s Sept. 17 release.
Reuters noted the 30-year average at 6.95% was the highest reading since January 2025, linking the weekly move to shifts in market yields as investors digested economic data and the Federal Reserve’s policy stance.
Sam Khater, Freddie Mac’s chief economist, said in the release that “the 30-year fixed-rate mortgage continues to fluctuate as markets assess economic data.” That comment accompanied the PMMS tables showing the week-to-week change.
Mortgage industry trackers and rate services have reported similar levels this month, and lenders and borrowers have been weighing whether to lock given the recent rise in long-term Treasury yields that typically move mortgage pricing.
Borrowers considering a refinance should note Freddie Mac’s PMMS focuses on conventional, conforming loans for well-qualified borrowers; the survey is a weekly national average and may differ from individual lender offers.
The article links to recent analysis and daily rate pages to help readers compare options and timing when refinance rates approach 7%.
Sources
- Freddie Mac — reported the 30-year FRM averaged 6.95% for the week ending Sept. 17, 2026, and provided the 15-year FRM and week-to-week comparisons in its Sept. 17 news release.
- Reuters — noted the 30-year rate was the highest since January 2025 and reported market reaction to economic data and yields.
- The Washington Post — summarized Freddie Mac’s 6.95% print and the implications for borrowing costs.
