Mortgages Rates
Mortgages amortize over 15–30 years and the monthly payment typically bundles principal, interest, property tax, insurance, and sometimes PMI and HOA (PITI).
Quick answer
Current cited benchmarks — 30-year fixed-rate mortgage, national average: 6.76% (as of week ending 2026-09-10); 15-year fixed-rate mortgage, national average: 6.09% (as of week ending 2026-09-10).
Benchmarks
| Benchmark | Rate | Source |
|---|---|---|
| 30-year fixed-rate mortgage, national average Freddie Mac PMMS average of conforming conventional purchase applications. | 6.76% as of week ending 2026-09-10 | Freddie Mac freddiemac.com |
| 15-year fixed-rate mortgage, national average Freddie Mac PMMS average of conforming conventional purchase applications. | 6.09% as of week ending 2026-09-10 | Freddie Mac freddiemac.com |
National averages for context, not offers. Retrieved 2026-09-10 — always confirm the latest published figure at the source link.
Frequently asked questions
What does PITI mean?
Principal, Interest, property Tax, and homeowner's Insurance — the four parts of most mortgage payments. PMI (private mortgage insurance) and HOA dues may add a fifth and sixth part.
How much house can I afford?
Lenders commonly look for a back-end debt-to-income ratio around 36–43%. Enter your income, debts, down payment, rate, and term in the affordability calculator for a price estimate.
What is PMI and when does it apply?
Private mortgage insurance protects the lender when the down payment is below 20% of the home price. It is added to the monthly payment until enough equity is built.
Where does the benchmark mortgage rate come from?
Freddie Mac publishes national average 30-year and 15-year fixed rates every Thursday in its Primary Mortgage Market Survey — cited with the publication week on the mortgage rates page.
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Cite this page
LoanMatchers Editorial Team. “Mortgages Rates.” https://loanmatchers.com/rates/mortgage/. Accessed 2026-09-10.
Sources
- Consumer Financial Protection Bureau — Ask CFPB — Consumer Financial Protection Bureau — consumerfinance.gov
- FRED series MORTGAGE30US — 30-year fixed mortgage rate — Federal Reserve Bank of St. Louis / Freddie Mac — fred.stlouisfed.org
- Freddie Mac Primary Mortgage Market Survey (PMMS) — Freddie Mac — freddiemac.com
Benchmarks are national averages from the publishers above, not offers. See our methodology.
Not financial advice. LoanMatchers is not a lender. Rates and terms vary by lender and creditworthiness. This page provides general educational information, not financial advice — consult a qualified professional before making financial decisions.
By the LoanMatchers Editorial Team. Last updated 2026-09-10. Educational information only — not financial advice.