Mortgage and refinance interest rates today, September 26, 2025: Application activity rises in the face of a rate bump higher

Mortgage Rates Overview - Mortgage rates have lost downward momentum, with the national average 30-year mortgage rate increasing by four basis points to 6.30% and the 15-year fixed mortgage rate rising by eight basis points to 5.49% [1][15] - The 10-year Treasury yield has also seen an increase, rising from 4.02% to 4.17% following the Federal Reserve's first rate cut of the year [2] Current Mortgage Rates - Current national average mortgage rates include: - 30-year fixed: 6.43% - 20-year fixed: 6.05% - 15-year fixed: 5.69% - 5/1 ARM: 6.76% - 7/1 ARM: 6.67% - 30-year VA: 5.94% - 15-year VA: 5.57% - 5/1 VA: 5.82% [6] - Another set of current rates shows: - 30-year fixed: 6.56% - 20-year fixed: 6.12% - 15-year fixed: 5.88% - 5/1 ARM: 7.13% - 7/1 ARM: 7.51% - 30-year VA: 6.08% - 15-year VA: 5.66% - 5/1 VA: 5.82% [7] Market Trends - Despite the increase in mortgage rates, purchase and refinance applications have risen compared to the same time last year [2] - Mortgage rates have remained stable or decreased since July 17, but are still about a quarter-point higher than the previous year [13] - Forecasts from Fannie Mae and the Mortgage Bankers Association suggest that mortgage rates will remain at or just above 6% through 2026 [13][16] Future Projections - The Mortgage Bankers Association expects the 30-year mortgage rate to be 6.5% by the end of the year and near 6.4% throughout 2026 [16] - Fannie Mae predicts a similar trend, with the 30-year rate at 6.4% by year-end and around 5.9% by the end of 2026 [16] - Most industry forecasts indicate that mortgage rates will likely remain close to current levels, if not slightly lower, by 2026 [17]