Mortgage and refinance interest rates today, September 13, 2025: A small move higher

Mortgage Rates Overview - The 30-year fixed mortgage rate has increased by eight basis points to 6.28%, while the 15-year rate has risen by ten basis points to 5.49% [1] - A Fed Rate cut is anticipated, which may already be reflected in current mortgage rates [1] - Current national average mortgage rates are provided, rounded to the nearest hundredth [1][2] Current Mortgage Rates - 30-year fixed: 6.28% [4] - 20-year fixed: 5.78% [4] - 15-year fixed: 5.49% [4] - 5/1 ARM: 6.58% [4] - 7/1 ARM: 6.55% [4] - 30-year VA: 5.69% [4] - 15-year VA: 5.16% [4] - 5/1 VA: 5.81% [4] Refinance Rates - Mortgage refinance rates are generally higher than purchase rates, although this is not always the case [2] - Current refinance rates are also provided as national averages rounded to the nearest hundredth [2] Market Conditions - The current housing market is considered relatively favorable for buyers compared to previous years, with home prices stabilizing [15] - Mortgage rates are at their lowest since October 2024, suggesting a potential opportunity for buyers to lock in favorable rates [15][18] - Economists do not expect significant drops in mortgage interest rates before the end of the year, although gradual decreases may occur [17]