30-year fixed mortgage rates today average 6.94% with a 7.01% APR, while FRED shows 6.71% on September 3, 2026; compare live rates across loan types.
As of Monday, September 7, 2026, the average 30-year fixed mortgage rate stands at 6.94% with an APR of 7.01%. These figures are subject to change and reflect the most recent national averages compiled from multiple lenders.
FRED data released September 3, 2026 show the 30-year fixed rate at 6.71%, the 15-year fixed at 6.04%, and the 10-year Treasury yield at 4.77%, producing a spread of 1.94 percentage points. The gap between the 10-year Treasury and the 30-year mortgage rate remains wider than the long-term average, indicating lenders are still pricing in elevated risk.
The table below aggregates the latest Bankrate survey data for popular mortgage products:
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed | 6.83% | 6.89% |
| 20-Year Fixed | 6.67% | 6.76% |
| 15-Year Fixed | 6.21% | 6.31% |
| 10-Year Fixed | 6.27% | 6.36% |
| 30-Year Fixed FHA | 6.42% | 6.47% |
| 30-Year Fixed VA | 6.48% | 6.53% |
Rates can vary by credit score, down payment, and geography. Borrowers in high-cost states such as California and New York typically see APRs 0.15–0.25 percentage points above the national average.
Over the past week, 30-year fixed quotes have fluctuated between 6.72% and 6.84%, according to successive Bankrate snapshots. The intraday range on September 3 alone spanned 12 basis points, underscoring how sensitive pricing remains to Treasury movements and inflation prints.
Redfin data shows median list prices in Austin, Texas, have risen 3.1% year-over-year, while inventory in Phoenix, Arizona, is up 18% from last September. These supply-side shifts are beginning to ease upward pressure on home values, which may translate into slightly lower loan-to-value ratios and marginally improved credit metrics for new buyers.
The 10-year Treasury yield at 4.77% is the primary anchor for mortgage pricing. Secondary factors include the Federal Reserve’s balance-sheet runoff pace and ongoing housing-supply constraints. NAR reports existing-home sales fell 2.2% in July, the fifth consecutive monthly decline, signaling weaker demand that could eventually exert downward pressure on rates.
Locking a rate today means securing the 6.94% (7.01% APR) quote for a defined period, typically 30–60 days. Floating exposes the borrower to daily repricing risk. HomeRates.ai users can run live scenarios at HomeRates.ai to compare lock versus float outcomes based on their specific credit profile and timeline.
Mortgage rates today sit near 6.94% for a 30-year fixed loan. Borrowers who need certainty should consider locking, while those expecting further declines may monitor the 10-year Treasury closely; any sustained move below 4.60% would likely pull mortgage rates toward 6.70%.
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