According to the Zillow lender marketplace,mortgage ratesare mostly lower today, ahead of the Fed's conclusion of its two-day rate-setting meeting. The average 30-year fixed rate today, **Wednesday, September 16, 2026**, is **7.00%**, down 2 basis points since yesterday. The 15-year fixed loan is currently **6.36%**,4 basis points higher than yesterday.
The 5/1 ARM is **7.21%**, down 12 basis points from Tuesday. **_Read more_**_:__Weekly survey of mortgage lenders with the lowest rates: Breaking the 7% barrier_ Here are the current mortgage rates for **Wednesday, September 16, 2026**, according to the latest Zillow data: Remember, these are the national averages and rounded to the nearest hundredth. These are today's mortgage refinance rates for **Wednesday, September 16, 2026**, according to the latest Zillow data: 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.
Use the mortgage calculator below to see how various interest rates and loan amounts will affect your monthly payments. It also shows how the term length plays into things. 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 lenders.
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