The average contract rate for a 30-year fixed mortgage in the US rose to 6.97% in the week ended September 11, its highest level since May 2025, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields, with the 10-year note briefly touching 5% and approaching its highest level since 2007, as renewed Middle East tensions and stronger-than-expected US inflation data heightened inflation concerns and reinforced expectations that the Federal Reserve will deliver its first rate hike since 2023 on September 16. Mortgage rates have risen 88 basis points since the US and Israel began strikes against Iran in late February. Meanwhile, total mortgage applications fell 4.1%, extending the previous week’s 2.7% decline and marking the steepest weekly drop since July. Refinancing applications decreased 8.8%, while purchase applications fell 0.8%. source: Mortgage Bankers Association of America

Fixed 30-year mortgage rates in the United States averaged 6.97 percent in the week ending September 11 of 2026. Mortgage Rate in the United States averaged 6.08 percent from 1990 until 2026, reaching an all time high of 10.56 percent in April of 1990 and a record low of 2.85 percent in December of 2020. This page provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States MBA 30-Yr Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2026.

Fixed 30-year mortgage rates in the United States averaged 6.97 percent in the week ending September 11 of 2026. Mortgage Rate in the United States is expected to be 6.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States MBA 30-Yr Mortgage Rate is projected to trend around 7.05 percent in 2027 and 7.19 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-09 11:00 AM
MBA 30-Year Mortgage Rate
Sep/04 6.85% 6.79%
2026-09-16 11:00 AM
MBA 30-Year Mortgage Rate
Sep/11 6.97% 6.85%
2026-09-23 11:00 AM
MBA 30-Year Mortgage Rate
Sep/18 6.97%


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.26 6.09 percent Sep 2026
30-Year Mortgage Rate 6.95 6.76 percent Sep 2026
Average Mortgage Size 374.44 375.22 Thousand USD Jul 2026
MBA Mortgage Market Index 230.80 240.60 points Sep 2026
MBA Mortgage Refinance Index 627.10 687.30 points Sep 2026
MBA Purchase Index 156.20 157.50 points Sep 2026
MBA Mortgage Applications -4.10 -2.70 percent Sep 2026
MBA 30-Year Mortgage Rate 6.97 6.85 percent Sep 2026


United States MBA 30-Yr Mortgage Rate
MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.
Actual Previous Highest Lowest Dates Unit Frequency
6.97 6.85 10.56 2.85 1990 - 2026 percent Weekly

News Stream
US Mortgage Rates Rise to Highest Level Since May 2025
The average contract rate for a 30-year fixed mortgage in the US rose to 6.97% in the week ended September 11, its highest level since May 2025, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields, with the 10-year note briefly touching 5% and approaching its highest level since 2007, as renewed Middle East tensions and stronger-than-expected US inflation data heightened inflation concerns and reinforced expectations that the Federal Reserve will deliver its first rate hike since 2023 on September 16. Mortgage rates have risen 88 basis points since the US and Israel began strikes against Iran in late February. Meanwhile, total mortgage applications fell 4.1%, extending the previous week’s 2.7% decline and marking the steepest weekly drop since July. Refinancing applications decreased 8.8%, while purchase applications fell 0.8%.
2026-09-16
US Mortgage Rates Hit 15-Month High
The average contract rate for a 30-year fixed mortgage in the US rose to 6.85% in the week ended September 4, its highest level since June 2025, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields as renewed Middle East tensions fueled inflation concerns, while stronger US labor-market data reinforced expectations for a September rate hike. Mortgage rates have risen nearly 80 basis points since the US and Israel began strikes against Iran in late February. Meanwhile, total mortgage applications fell 2.7%, reversing a 0.8% increase the previous week. Refinancing applications dropped 6.2%, while purchase applications edged down 0.2%.
2026-09-09
US Mortgage Rates Edge Higher Toward One-Year Highs
The average contract rate for a 30-year fixed mortgage in the US edged up to 6.79% in the week ended August 28, from 6.78% the previous week, remaining close to the one-year highs reached in late July, according to the Mortgage Bankers Association. The increase followed a rise in Treasury yields as renewed Middle East tensions stoked inflation concerns, while hawkish comments from Federal Reserve Chair Kevin Warsh reinforced expectations for a September rate hike. Mortgage rates have climbed nearly 70bp since the US and Israel began strikes against Iran in late February. Total mortgage applications rose 0.8%, rebounding after two consecutive weekly declines, with purchase applications up 2.2%. Refinancing applications, however, fell 1.1%.
2026-09-02