Mortgage and refinance rates today, Tuesday, September 22, 2026: Rates move lower, but 30-year still over 7%

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Mortgage and refinance rates today, Tuesday, September 22, 2026: Rates move lower, but 30-year still over 7%

Tim Manni ·

Tue, September 22, 2026 at 8:43 PM GMT+3 4 min read

According to average rates from the Zillow lender marketplace, mortgage rates moved lower compared to Monday, but the 30-year rate remains above 7%.

The current 30-year fixed rate today, Tuesday, September 22, 2026, fell 1 basis point to 7.03%, the 15-year fixed rate decreased 6 basis points to 6.50%, and the 5/1 ARM decreased 10 basis points to 6.94%.

Read more: Weekly survey of mortgage lenders with the lowest rates: Sub-6% rates disappearing

Today's mortgage rates

Here are the current mortgage rates today, Tuesday, September 22, 2026, according to the latest Zillow data:

• 30-year fixed: 7.03%

• 20-year fixed: 6.89%

• 15-year fixed: 6.50%

• 5/1 ARM: 6.94%

• 7/1 ARM: 6.54%

• 30-year VA: 6.53%

• 15-year VA: 6.17%

• 5/1 VA: 6.36%

Remember, these are the national averages and are rounded to the nearest hundredth.

Today's mortgage refinance rates

These are today's mortgage refinance rates, Tuesday, September 22, 2026, according to the latest Zillow data:

• 30-year fixed: 7.10%

• 20-year fixed: 6.67%

• 15-year fixed: 6.54%

• 5/1 ARM: 7.17%

• 7/1 ARM: 6.65%

• 30-year VA: 6.58%

• 15-year VA: 6.61%

• 5/1 VA: 5.79%

Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates.

Learn more: See our top picks for the best mortgage lenders right now

Yahoo Finance mortgage calculator

A mortgage calculator can help you see how various mortgage term lengths and interest rates will affect your monthly payments. Use this mortgage calculator to explore different outcomes.

Mortgage payment calculator Check rates Check rates Check rates

You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and lenders. It also considers factors like property taxes and homeowners insurance when calculating your estimated monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at the mortgage principal and interest.

30-year vs. 15-year fixed mortgage rates

Generally, 15-year mortgage rates are lower than those for 30-year mortgages. When comparing 15- versus 30-year mortgage rates, know that the shorter term will save you money on interest in the long run. However, your monthly payments will be higher because you're paying off the same loan amount in half the time.

For example, with a $400,000 mortgage with a 30-year term and a 6.19% rate, you'll make a monthly payment of about $2,447.28 toward your mortgage principal and interest. As interest accumulates over decades, you'll end up paying $481,021 in interest.

If you get a $400,000 15-year mortgage with a 5.65% rate, for example, you'll pay about $3,300.26 monthly toward your principal and interest. However, you'll only pay $194,047 in interest over the years.

If that 15-year mortgage payment is too high, remember you can always make extra payments on your 30-year loan to pay it off faster and ultimately pay less interest.

Fixed-rate vs. adjustable-rate mortgages

With a fixed-rate mortgage, your rate is locked in from day one. However, you will get a new rate if you refinance your mortgage.

An adjustable-rate mortgage keeps your rate the same for a specified period. Then, the rate will increase or decrease depending on several factors, such as the economy, and the maximum amount your rate can change according to your contract. For example, with a 7/1 ARM, your rate would be locked in for the first seven years, then adjust annually for the remainder of your term.

Adjustable rates sometimes start lower than fixed rates, but once the initial rate-lock period ends, you risk your interest rate going up. ARM rates have also been starting higher than fixed rates recently, so you may not always get a rate break.

Learn more: Determine how to choose between an adjustable-rate vs. fixed-rate mortgage

Mortgage rates today: FAQs

What is today's 30-year fixed rate?

According to the Zillow lender marketplace, the average 30-year fixed rate is 7.03%, down 1 basis point since yesterday.

Will mortgage rates go down in 2026?

According to the latest forecasts, the MBA expects the 30-year mortgage rate to range between 6.70% and 6.80% through the rest of 2026. Fannie Mae expects the same.

How low could mortgage rates go by 2027?

Mortgage rates are likely to remain little changed in 2027. The MBA forecasts 30-year fixed rates between 6.70% and 6.80% for all of 2027. Fannie Mae is predicting average rates of 6.70% throughout all of 2027.

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