--- title: 'Today''s Mortgage Rates: September 10, 2026' description: Mortgage rates are hovering above 6.7%, increasing the affordability challenge for many prospective homebuyers. authors: - name: Leslie Cook role: Editor, Real Estate url: https://money.com/author/leslie-cook/ bio: Leslie Cook is Money’s lead real estate editor covering trends in the housing market, mortgage rates and real estate. She also writes about home renovation trends and tips. education: Bryn Mawr College, BA History certifications: Certified Personal Finance Counselor at_money_since: 2019 articles: 797 covers: - Mortgages - Banking - Credit - Economy and Politics - Housing - Identity Theft - Insurance - Loans - Personal Finance - Professional Services - Retirement - Taxes social: - https://twitter.com/LeslieLCook - https://www.linkedin.com/in/leslie-cook-9829b9198/ published: '2026-09-10T13:02:25.000Z' modified: '2026-09-10T13:02:25.000Z' section: Mortgages word_count: 781 canonical: https://money.com/current-mortgage-rates/ type: Article source: structured-blocks --- > **Disclosure:** We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Today's Mortgage Rates: September 10, 2026](https://img.money.com/2020/12/GettyImages-1227640488.jpg?quality=85&w=1012&h=569&crop=1) ## Average mortgage rates today | Mortgage Type | Label | Rate | APR | | --- | --- | --- | --- | | 30-Year Fixed | Most Popular | 6.78% | 6.82% | | 30-Year FHA | Lower Credit | 6.27% | 7.48% | | 30-Year VA | Military | 6.34% | 6.5% | | 30-Year Jumbo | High Balance | 6.87% | 6.89% | | 15-Year Fixed | Shorter Term | 6.1% | 6.18% | | 7/6 ARM | Shorter Term | 6.43% | 6.5% | | HELOC | Home Equity | 8.03% | 8.03% | | Home Equity Loan | Home Equity | 8.14% | 8.14% | Updated on 09/10/2026 Rate data provided by [RateUpdate.com](https://www.rateupdate.com/). Displayed by Mortgage Research Center, LLC, NMLS# 1907, Equal Housing Opportunity, Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and Product [details](https://widgets.icanbuy.com/disclaimer.htm) ![](https://s3.consumersadvocate.org/prd/image/image/26681/large_57f09f10-efb8-487d-a73e-5f7d605144eb.png) Selected as Money's Best Overall Mortgage Lender of 2026! [View Rates](https://money.com/pr/g9ff07c5498a?ap_referrer=%2Fcurrent-mortgage-rates%2F&url=&apxa1=average-credit-score-drops-student-loans-mortgages) The average rate on a 30-year fixed-rate loan rose to 6.73%, up 0.03 percentage points. Fears of rising inflation increased, pushing Treasury yields and the mortgage rates that follow them higher. ## Key mortgage rate averages: - The 30-year fixed-rate mortgage averaged 6.73% APR - The 30-year fixed-rate FHA mortgage averaged 7.37% APR - The 30-year fixed-rate VA mortgage averaged 6.4% APR - The 30-year fixed-rate jumbo mortgage averaged 6.8% APR - The 15-year fixed-rate mortgage averaged 6.05% APR - The 7/6 adjustable-rate mortgage averaged 6.44% APR - The rate on a HELOC averaged 8.09% APR - The rate on a home equity loan averaged 8.14% APR ## Mortgage rate trends Mortgage rates are edging higher as the Iran War escalates, pushing oil prices higher and increasing concerns over higher consumer prices. Rising national debt is also putting upward pressure on Treasury yields, despite efforts by the U.S. Treasury Department to lower bond prices. Housing experts now expect mortgage rates to remain elevated through the rest of the year. Zillow has increased its year-end rate forecast to 6.7%. In a recent [report](https://www.zillow.com/research/mortgage-rates-18722/), Kara Ng, senior economist at Zillow Home Loans, says that the mortgage math for prospective buyers is harder now than it was a few months ago. "For many households, gains in housing affordability are quickly offset by living expenses — with CPI inflation rising faster than wages, there's little breathing room left in budgets," Ng notes. ## Which loan is best for you? When shopping for a mortgage, you may be offered several loan options to meet different needs. Here's a rundown of the most common loan types you'll find, and who they work best for. **30-year conventional mortgage:** Conventional loans work best for borrowers who have a credit score above 620, have saved enough to make a down payment of at least 3% and are looking for flexibility in the type of property being purchased. **30-year Federal Housing Administration (FHA) mortgage:** FHA loans are good for first-time homebuyers, borrowers with less-than-perfect credit scores or those with a high debt-to-income ratio. **30-year U.S. Department of Veterans Affairs (VA) loan:** Specifically designed for active-duty and retired service members, members of the National Guard and Reserves, and surviving spouses. Offers 0% down loan options, competitive rates and accepts less-than-perfect credit scores. **30-year jumbo loan:** Good for homebuyers purchasing property that is priced above the Federal Housing Finance Agency (FHFA) conforming loan limit. In 2026, that limit is $832,750 in most of the U.S. but increases to $1,249,125 in high-cost areas. **15-year fixed-rate loan:** Borrowers who prefer a shorter loan term and can afford to make higher monthly payments will pay less overall interest with a 15-year mortgage and pay off the loan faster. **7/6 adjustable rate loan:** Good for a buyer who wants to lock in a favorable interest rate for a set period of time and either plans on selling the home before the interest rate starts, is willing to make a higher monthly payment once the rate becomes variable or is open to refinancing the loan. **Home equity line of credit (HELOC):** A good option for a homeowner who wants to access the equity they've accumulated in their home and have an open line of credit to use as needed. **Home equity loan:** Another option for a homeowner who wants to access their home equity and have the financial capacity to take on a second mortgage. ![](https://s3.consumersadvocate.org/prd/image/image/26681/large_57f09f10-efb8-487d-a73e-5f7d605144eb.png) Selected as Money's Best Overall Mortgage Lender of 2026! [View Rates](https://money.com/pr/g9ff07c5498a?ap_referrer=%2Fcurrent-mortgage-rates%2F&url=&apxa1=average-credit-score-drops-student-loans-mortgages) ## How mortgage rates affect affordability The rate on your mortgage can make a big difference in how much home you can afford and the size of your monthly payments. That's true whether buying your primary residence, an investment property or refinancing an existing loan. Here's an example. If you bought a $250,000 home and made a 20% down payment of $50,000, you would end up with a starting loan balance of $200,000. On a $200,000 home loan with a fixed rate for 30 years, here's what you would pay: - At a 3% interest rate = $843 in monthly payments (not including taxes, insurance, or HOA fees) - At a 4% interest rate = $955 in monthly payments (not including taxes, insurance, or HOA fees) - At a 6% interest rate = $1,199 in monthly payments (not including taxes, insurance, or HOA fees) - At an 8% interest rate = $1,468 in monthly payments (not including taxes, insurance, or HOA fees) Experimenting with a [mortgage calculator](https://money.com/mortgage-calculator/) allows you to find out how much a lower rate or other changes could impact what you pay. A [home affordability calculator](https://money.com/how-much-house-can-i-afford/) can also estimate the maximum loan amount you may qualify for based on your income, debt-to-income ratio, mortgage interest rate and other variables. The [Consumer Financial Protection Bureau](https://www.consumerfinance.gov/owning-a-home/explore-rates/) can also provide a range of rates lenders offer in each state. ## Current mortgage rates FAQs ### What is a 30-year mortgage rate right now? The average rate on a 30-year fixed-rate mortgage is 6.73% as of September 9, according to Money's rate data. Other rate surveys show 30-year rates averaging over 6.8%. ### Can you get a 4% mortgage rate? No, not under current market conditions. A 30-year fixed-rate loan averages the mid-to-high 6% range as of September 9. ### Will we ever see a 3% mortgage rate again? Mortgage rates are unlikely to fall below 3% in the near term unless a severe economic downturn occurs. However, rates averaged in the mid-3% range before the pandemic, so a return to that range at some point in the future is not out of the question. ### How much is a $300,000 mortgage at 7%? The monthly payment on a 30-year, $300,000 conventional mortgage at 7% is $1,995.91, excluding taxes, insurance and HOA fees. 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