Mortgage rates are starting September in the upper-6% range, but the exact number depends on the source, lender, loan program and borrower qualifications.
As of September 1, 2026, Bankrate reports a national average of 6.76% for a 30-year fixed mortgage and 6.12% for a 15-year fixed mortgage. Mortgage News Daily’s latest daily reading for the 30-year fixed is 6.87%, while Freddie Mac’s most recent weekly survey reported an average of 6.66% for the 30-year fixed mortgage.
Mortgage Rate Sources:
Bankrate – Current Mortgage Rates
https://www.bankrate.com/mortgages/mortgage-rates/
Mortgage News Daily – Daily Mortgage Rate Index
https://www.mortgagenewsdaily.com/mortgage-rates
Freddie Mac – Primary Mortgage Market Survey
https://www.freddiemac.com/pmms
Rates Are Only One Part of Today’s Housing Market
Mortgage rates have a significant impact on affordability, but they aren’t the only factor buyers should consider when deciding whether to make a move.
Depending on the market and property, buyers may also be seeing:
🏠 More homes to choose from
👥 Less competition in some areas
🤝 More opportunities to negotiate on price, terms or seller concessions
That means the decision isn’t necessarily as simple as asking:
“Should I wait for mortgage rates to come down?”
Another question worth considering is:
“Could the buying opportunity available today make sense for me?”
Every buyer’s situation is different. Purchase price, monthly payment, available inventory, competition and long-term plans can all play a role in determining whether now is the right time to buy.
What About Sellers?
Mortgage rates matter to sellers, too. Higher borrowing costs can affect buyer purchasing power and may influence how buyers approach price, concessions and negotiations.
For sellers, this makes accurate pricing, presentation and a strong marketing strategy especially important. Homes that are positioned correctly for the current market can have an advantage when buyers have more choices.
Thinking About Buying or Selling?
Leonardi Real Estate® can help you understand the real estate side of the equation and what current market conditions may mean for your next move.
If you’re considering buying and would like to learn more about financing, we can also connect you with a trusted local mortgage professional who can discuss current rates, available loan programs and what you may qualify for.
Thinking About Buying or Selling?
Have questions about today’s real estate market or considering your next move? Get in touch with Leonardi Real Estate®. We’re happy to discuss your real estate goals, and if you need financing information, we can also connect you with a trusted local mortgage professional.
Leonardi Real Estate®
Greater Sacramento • Bay Area / Silicon Valley
DRE#01737387 | DRE# 01360945
Mortgage rate information is provided for general informational purposes only. Rates and loan terms vary by lender and borrower qualifications. Leonardi Real Estate does not provide mortgage lending services.
