Mortgage and refinance interest rates today, Saturday, September 19, 2026: Mortgage rates move lower to start the weekend

Mortgage rates have decreased as the weekend approaches, according to the Zillow lender marketplace. The 30-year fixed rate dropped by 1 basis point to 7.04%, while the 20-year fixed rate fell 10 basis points to 6.82%, and the 5/1 ARM decreased by 10 basis points to 7.04%. These rates represent national averages rounded to the nearest hundredth.

Mortgage refinance rates, although often higher than home purchase rates, were also released by Zillow on Saturday, September 19, 2026. The 30-year fixed mortgage offers lower monthly payments due to the extended repayment period and predictable rates, but it comes with a higher interest rate and more interest paid over time. A 15-year fixed mortgage, on the other hand, has lower interest rates and shorter repayment, resulting in significant interest savings but higher monthly payments.

Adjustable-rate mortgages (ARMs) provide lower introductory rates, potentially resulting in lower monthly payments, but they come with the risk of rate increases after the introductory period. The current national average 30-year mortgage rate is 7.04%, and experts forecast rates to range between 6.6% and 6.7% through 2026.