united states mortgage rates

Today's competitive mortgage rates†

30-year fixed. Rate 6.250% APR 6.443% Points 0.512. ...

20-year fixed. Rate 6.125% APR 6.363% Points 0.391. ...

15-year fixed. Rate 5.125% APR 5.498% Points 0.927. ...

10y/6m ARM variable. Rate 5.875% APR 6.515% ...

7y/6m ARM variable. Rate 5.625% APR 6.556% ...

5y/6m ARM variable. Rate 5.500% APR 6.700%

Current U.S. Mortgage Rates (September 2025)

• The average 30-year fixed mortgage rate has dipped to around 6.5%, the lowest level since October 2024.
   

• Mortgage News Daily reports a 30-year fixed rate of about 6.28% as of September 8.
   

• Freddie Mac, referencing data for the week ending September 4, confirms a 30-year fixed rate at 6.50%.
   

• Bankrate cites the current average 30-year fixed mortgage rate at 6.49%, with refinance rates slightly higher (around 6.67%).
   

• Bank of America lists a competitive 30-year fixed rate around 6.25% to 6.45%, assuming strong borrower credentials.
   

Summary: Rate Overview Table

What’s Driving These Changes?

• Weak jobs reports have contributed to falling rates, making mortgage borrowing slightly more affordable.
   

• Investor demand for Treasuries has strengthened amid economic uncertainty, pulling bond yields—and related mortgage rates—lower.
   

• While rates are easing, they remain historically elevated, continuing to limit housing affordability in many markets.
   

What This Means for You

• Homebuyers may find these rates more favorable, especially if they’ve been waiting for lower borrowing costs.
   

• Potential for refinancing—many homeowners are now exploring refinance options, given that rates have dropped significantly from earlier in 2025.
   

• Still, rates are expected to hold in the mid-6% range through much of the remainder of the year.