30-Year Mortgage Rates Rise to 6.76%, Highest in Over a Year
Event summary
- 30-year fixed-rate mortgage (FRM) averaged 6.76% as of September 10, 2026, up from 6.71% last week and 6.35% a year ago.
- 15-year FRM averaged 6.09%, up from 6.04% last week and 5.50% a year ago.
- Freddie Mac's Primary Mortgage Market Survey (PMMS) focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit.
- Sam Khater, Freddie Mac's Chief Economist, advises aspiring buyers to shop around for the best mortgage rates.
The big picture
The rise in mortgage rates to their highest level in over a year reflects broader economic trends, including potential tightening by the Federal Reserve. This increase could dampen homebuyer demand, particularly among first-time buyers, and may lead to a cooling of the housing market. Freddie Mac's role in promoting liquidity and stability in the housing market will be crucial in navigating these dynamics.
What we're watching
- Rate Volatility
- How sustained increases in mortgage rates will affect homebuyer demand and housing market liquidity.
- Economic Indicators
- Whether the Federal Reserve's monetary policy will continue to influence mortgage rate trends.
- Market Affordability
- The pace at which rising rates could impact housing affordability and market stability.
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