What are today's mortgage and mortgage refinance interest rates?
Knowing today's mortgage rates can help new homebuyers and homeowners looking to lock in a good deal.
Mortgage and refinance interest rates are currently at higher levels than they were a few years ago, but there are still good options available for new homebuyers and existing homeowners looking to refinance. As of September 4, 2026, the average rates are as follows:
15-year mortgage: 6.44%
30-year mortgage: 7.16%
Average refinance rates:
15-year refinance: 6.12%
30-year refinance: 7.09%
To secure a good rate, it's crucial to have a strong credit profile, with scores in the mid- to high-700s or above. Paying bills on time, correcting any errors on your credit report, and avoiding other loan applications close to your mortgage or refinance application can also help. Comparing lenders, including those outside your current mortgage provider, can lead to better rates and terms.
Remember to consider loan terms, fees, and calculate your monthly payment before committing to a loan. Lastly, lock in your mortgage rate once you've made your decision to avoid future increases.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
