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The Federal Reserve raised interest rates, and whether directly related or not, mortgage rates followed. With home loan rates now effectively at 7%, what will it take for mortgage rates to reverse course and move lower?
See today's best rates.
No. As of Sept. 17, Freddie Mac reported that the average 30-year fixed-rate mortgage rate was 6.95%. This is 19 basis points higher than last week. At this time in September 2025, mortgage rates averaged 6.26%, 69 basis points lower.
The average 15-year fixed mortgage rate this week was 6.26%, up 17 basis points from last week, and 85 basis points higher than this time last year.
#basis #points
The Federal Reserve raised interest rates, and whether directly related or not, mortgage rates followed. With home loan rates now effectively at 7%, what will it take for mortgage rates to reverse course and move lower?
See today's best rates.
No. As of Sept. 17, Freddie Mac reported that the average 30-year fixed-rate mortgage rate was 6.95%. This is 19 basis points higher than last week. At this time in September 2025, mortgage rates averaged 6.26%, 69 basis points lower.
The average 15-year fixed mortgage rate this week was 6.26%, up 17 basis points from last week, and 85 basis points higher than this time last year.
#basis #points
2 months ago
