Mortgage rates fall to 6.92% after Fed hike, volatility continues
30-year fixed rates dropped this week following the Federal Reserve's first rate increase in three years, with swings across multiple mortgage products.
What to know
- The Federal Reserve raised its benchmark rate for the first time in three years on September 17, initially driving mortgage rates higher.
- Mortgage rates have declined throughout the week, with the 30-year fixed rate falling from 7.05% to 6.92% by September 23.
- Refinance rates have shown particular volatility, rising 21 basis points on September 20 despite purchase rates trending lower.
- The market continues to digest the Fed's policy shift, with competing pressures affecting different mortgage products.
“According to the Zillow lender marketplace, mortgage rates are mostly higher following the first Fed rate increase in three years.”
Yahoo Finance · Yahoo Finance ↗ · Sep 18, 6:00 AM
Federal Reserve Central bank
How it unfolded 5 developments, newest first · click a bar or a number to jump articles
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5
30-year fixed rate falls to 6.92% by Wednesday
Fixed rates found room to fall by Wednesday, with the 30-year fixed rate declining to 6.92%, marking the lowest point in the week's movements.
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first by Yahoo Finance, 1d ago · also Hindustan Times
3 more headlines
- Mortgage and refinance interest rates today, Tuesday, September 22, 2026: Rates move lower, but 30-year still over 7% Yahoo Finance · 1d ago
- Mortgage and refinance interest rates today, Wednesday, September 23, 2026: Fixed rates find more room to fall Yahoo Finance · 20h ago
- Mortgage rates today, September 23, 2026: 30-year fixed rate falls to 6.92% — What homebuyers need to know Hindustan Times · 18h ago
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- 2 days quiet
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4
30-year refinance rate rises 21 basis points
Refinance rates moved higher on Sunday, with the 30-year refinance rate rising 21 basis points, showing continued volatility in mortgage products.
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first by Yahoo Finance, 3d ago · also Norada Real Estate Investments
2 more headlines
- Mortgage Rates Today, September 20, 2026: 30-Year Refinance Rate Rises 21 Basis Points Norada Real Estate Investments · 3d ago
- Mortgage and refinance interest rates today, Monday, September 21, 2026: Refinance rates mostly lower Yahoo Finance · 2d ago
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3
30-year rate falls 1 basis point to 7.04% over the weekend
Mortgage rates began moving lower as the week progressed. The 30-year fixed rate fell by 1 basis point to 7.04%, while the 20-year fixed rate fell 10 basis points to 6.82% and the 5/1 ARM fell by 10 basis points to 7.04%.
“The current 30-year fixed rate today, Saturday, September 19, 2026, fell by 1 basis point to 7.04%.”
— Yahoo Finance · source -
first by Yahoo Finance, 4d ago
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2
30-year fixed rate climbs to 7.05% following Fed action
Following the Fed's rate hike, mortgage rates moved higher. The 30-year fixed rate rose to 7.05%, up 4 basis points from Thursday, while the 5/1 ARM climbed to 7.16%, up 6 basis points.
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2 outlets Mortgage and refinance interest rates today, Friday, September 18, 2026: Rates climb above 7%
first by Yahoo Finance, 5d ago · also Norada Real Estate Investments
2 more headlines
- Mortgage and refinance interest rates today, Friday, September 18, 2026: Rates mostly higher following the Fed Yahoo Finance · 5d ago
- Mortgage Rates Today, September 19, 2026: 30-Year Refinance Rate Rises by 35 Basis Points Norada Real Estate Investments · 5d ago
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1
Federal Reserve raises rates for first time in three years
The Fed announced its first rate increase in three years, setting off a ripple effect across mortgage markets.
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first by Yahoo Finance, 6d ago
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