Mortgage & refinance rates today, Wednesday, September 9, 2026: Fixed rates inch upward, 5/1 ARM breaks past 7% as oil prices rise
On Wednesday, September 9, 2026, mortgage and refinance rates saw an upward trend, with the 5/1 ARM breaking past the 7% threshold, as rising oil prices fueled expectations of a Federal Reserve rate hike. The average 30-year fixed rate climbed to 6.73%, up 6 basis points from the previous day, while the 15-year fixed loan increased to 6.05%, marking a 1 basis point rise from yesterday.
The 5/1 ARM surged to 7.03%, a 39 basis point jump from Tuesday. These rates, presented as national averages rounded to the nearest hundredth, reflect the current landscape in the mortgage industry.
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