Mortgage rates in US stay above 7% this week

Mortgage rates today remain above 7% for U.S. borrowers as benchmark 30-year fixed averages climbed back above the threshold in late September.

Freddie Mac’s weekly Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaged 7.03% as of September 24, 2026, up from 6.95% the prior week, according to Freddie Mac’s published data.

An empty bank loan counter with stacked mortgage application forms on a wooden surface, a pen resting nearby and a distant anonymous teller desk blurred in the background

The Mortgage Bankers Association’s weekly report also points to rates above 7%: the MBA said the average contract interest rate for 30-year fixed mortgages was 7.12% in its latest survey, a figure published in the MBA news release on September 23.

Different rate trackers show slightly different averages depending on methodology and timing: consumer-rate pages and aggregators reported 30-year averages above 7% later in the week, reflecting ongoing market moves and differing APR calculations.

A bank branch interior with empty chairs and a brochure rack, light spilling through high windows, no identifiable logos or people

What this means for borrowers is practical: mortgage rates today are elevated compared with earlier in the year, raising monthly costs for new buyers and homeowners thinking about refinances.

Mortgage rates today move with Treasury yields and market expectations for Federal Reserve policy. Freddie Mac’s and the MBA’s weekly numbers are snapshots that follow trading in bond markets and the flow of economic data that influence those yields.

Borrowers shopping for a mortgage should compare lender quotes, since advertised or average rates cited by Freddie Mac, MBA and consumer sites may differ from an individual’s offered rate based on credit profile, loan size and points paid.

For more on the recent trend and weekly releases, see a recent site summary of Freddie Mac’s numbers and a roundup of 30-year averages earlier this month.

Internal resources: mortgage rates today: Freddie Mac and 30-year mortgage rates average provide prior weekly context for readers following changes in mortgage rates today.

Sources

Freddie Mac — weekly Primary Mortgage Market Survey reporting the 30-year fixed averaged 7.03% as of September 24, 2026.
Mortgage Bankers Association — MBA news release reporting the average contract interest rate for 30-year fixed mortgages at about 7.12% in its latest weekly survey.
NerdWallet — consumer-rate snapshot reporting 30-year average rates above 7% later in the week (September 26, 2026).

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.