Mortgage and refinance interest rates today, Wednesday, September 2, 2026: Rates up double digits as Iran war reescalates
Mortgage rates surged by more than 15 basis points on Wednesday, September 2, 2026, with the average 30-year fixed rate reaching 6.74%, according to the Zillow lender marketplace. This marks a significant increase from the previous day's rate. Fifteen-year fixed loans also rose to 6.16%, while 5/1 adjustable-rate mortgages jumped to 6.46%.
These hikes come amid continued tension in the Middle East, with mortgage refinance rates following suit. Despite these rate increases, experts advise that refinancing might still be advantageous, especially for those with longer-term loans, as lower rates could result in substantial savings over the loan's life.
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