According to the Zillow lender marketplace, mortgage rates are mostly higher following the first Fed rate increase in three years. The average 30-year fixed rate today, **Friday, September 18, 2026**, is **7.05%**, up 4 basis points since yesterday. The 15-year fixed loan is currently at **6.43%**,1 basis point lower than yesterday.
The 5/1 ARM is **7.16%**, up 6 basis points from Thursday. **_Read more_**_:__Weekly survey of mortgage lenders with the lowest rates: Breaking the 7% barrier_ Here are the current purchase rates, according to the latest Zillow data, for **Friday, September 18, 2026:** Remember, these are national averages and have been rounded to the nearest hundredth. These are the latest refinance rates, according to the latest Zillow data, for **Friday, September 18, 2026:** Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that's not always the case. **_Learn more:_**_Dig deeper into the 7 home refinance options_ Your mortgage rate plays a large role in how much your monthly payment will be.
Use this mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments: Down Payment: This is the part of your home's purchase price that you pay upfront, not covered by your loan. The amount you pay as a down payment can influence your mortgage interest rate. Generally, larger down payments result in lower interest rates, as lenders see these as a sign of strong financial commitment.
Loan Term: This refers to the duration over which you will repay your loan, typically measured in years. Opting for a longer loan term can reduce your monthly payments by spreading them out over a greater number of years, whereas shorter loan terms generally lead to higher monthly payments. Interest Rate: This is the annual cost you incur for borrowing money, expressed as a percentage of the loan amount.
It represents the fee you pay each year to the lender for your loan. Data is provided as-is via the Zillow Mortgage API © Zillow, Inc., 2024. Use is subject to the Zillow Terms of Use.
You can bookmark the Yahoo Financemortgage payment calculator and keep it handy for future use, as you shop for homes and the best mortgage lenders. A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. You can choose from two types of rates: fixed or adjustable.
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