Freddie Mac mortgage rate survey: 2026-09-24

Read the September 24 figures in context

Freddie Mac’s archive records a 7.03% average for the 30-year fixed mortgage and a 6.42% average for the 15-year fixed mortgage for September 24, 2026. The preceding September 17 figures were 6.95% and 6.26%. The changes are 0.08 and 0.16 percentage points, respectively. These are survey observations for the stated dates, rather than an offer for a particular home, borrower or loan program.

A weekly average can help explain the market background when you receive a quote, but it does not provide your rate, points or total closing costs. The product, repayment term, property, occupancy, down payment and transaction details still matter. Compare an individual written offer with another offer prepared on matching assumptions. Do not assume that a difference from the survey proves a quote is wrong or that a survey average is available without qualification.

Use the 15-year and 30-year figures to start a term comparison, not simply to select the smaller percentage. A shorter repayment period can require a larger monthly principal-and-interest payment even when its interest rate is lower. Compare the payment, cash remaining after closing, other obligations and the amount of interest over the period you expect to keep the loan. A term that fits an aggressive repayment goal may not fit another household’s monthly budget.

Turn a weekly average into a useful purchase budget

Build a budget using the proposed loan amount and an actual written rate scenario. Add estimated property taxes, homeowners insurance, applicable mortgage insurance and association dues to the principal-and-interest payment. Then plan separately for utilities, maintenance and unexpected repairs. The survey percentages alone cannot describe these property costs, and a calculator’s payment estimate does not replace a Loan Estimate.

For example, two properties at the same purchase price can have different tax bills, insurance costs or association obligations. Before setting a maximum offer price, review those expenses for the specific address. If an insurance estimate or tax assumption changes during the application, update the budget rather than preserving the original payment merely because the interest rate stayed the same. Bring the updated figures into the loan discussion.

Keep a dated copy of each quote and identify whether the rate is locked. Compare points, credits and cash to close along with the rate. Ask what would happen if the closing date moves beyond the lock expiration. A later weekly survey release does not amend your lock automatically. It is background for a conversation; the individual loan documents and written confirmations record the terms of your transaction.

This article preserves the September 24 observation so readers can follow the sequence of weekly reports. For a decision made later, check the newer survey release and request current individual pricing. Past movement does not establish the next week’s direction. Use the related calculators to compare payment scenarios, then review the assumptions and documentation with the team before relying on an estimated payment.