Mortgage & refinance rates today, Wednesday, September 9, 2026: Fixed rates inch upward, 5/1 ARM breaks past 7% as oil prices rise

Personal Finance / Mortgages Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure . Mortgage & refinance rates today, Wednesday, September 9, 2026: Fixed rates inch upward, 5/1 ARM breaks past 7% as oil prices rise Tim Manni · Wed, September 9, 2026 at 12:00 PM GMT+2 5 min read According to the Zillow lender marketplace, fixed mortgage rates  are higher today as rising oil prices ( BZ=F ) have many expecting the Fed to raise interest rates next week.

The average 30-year fixed rate today, Wednesday, September 9, 2026 , is 6. 73% , up 6 basis points since yesterday. The 15-year fixed loan is currently 6.

05% , 1 basis point higher than yesterday. The 5/1 ARM is 7. 03% , up 39 basis points from Tuesday.

Read more : Weekly survey of mortgage lenders with the lowest rates: Little relief since July Today's mortgage rates Here are the current mortgage rates for Wednesday, September 9, 2026 , according to the latest Zillow data: 30-year fixed: 6. 73% 20-year fixed: 6. 55% 15-year fixed: 6.

05% 5/1 ARM: 7. 03% 7/1 ARM: 6. 51% 30-year VA: 6.

22% 15-year VA: 5. 78% 5/1 VA: 5. 82% Remember, these are the national averages and rounded to the nearest hundredth.

Today's mortgage refinance rates These are today's mortgage refinance rates for Wednesday, September 9, 2026 , according to the latest Zillow data: 30-year fixed: 6. 75% 20-year fixed: 6. 37% 15-year fixed: 6.

11% 5/1 ARM: 6. 69% 7/1 ARM: 6. 32% 30-year VA: 6.

17% 15-year VA: 5. 71% 5/1 VA: 5. 99% Again, the numbers provided are national averages rounded to the nearest hundredth.

Mortgage refinance rates are often higher than rates when you buy a house, although that's not always the case. Use our mortgage calculator Use the mortgage calculator below to see how various interest rates and loan amounts will affect your monthly payments. It also shows how the term length plays into things.

This embedded content is not available in your region. You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and the best lenders . You even have the option to enter costs for private mortgage insurance (PMI) and homeowners' association dues if those apply to you.

These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest. 30-year fixed mortgage rates There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and your monthly payments are predictable. A 30-year fixed-rate mortgage has relatively low monthly payments because you're spreading your repayment out over a longer period of time than with, say, a 15-year mortgage.

Your payments are predictable because, unlike with an adjustable-rate mortgage (ARM), your rate isn't going to change from year to year. Most years, the only things that might affect your monthly payment are any changes to your homeowners insurance or property taxes. The main disadvantage of 30-year fixed mortgage rates is the mortgage interest, both in the short and long term.

A 30-year fixed-term loan comes with a higher interest rate than a shorter-term fixed-rate loan. You'll also pay much more in interest over the life of your loan due to both the higher rate and the longer term. 15-year fixed mortgage rates The pros and cons of 15-year fixed mortgage rates are essentially the same as those of 30-year rates.

Yes, your monthly payments will remain predictable, and another advantage is that shorter terms come with lower interest rates. Not to mention, you'll pay off your mortgage 15 years sooner. So you could save hundreds of thousands of dollars in interest over the life of your loan.

However, because you're paying off the same amount in half the time, your monthly payments will be higher than if you choose a 30-year term. Adjustable mortgage rates Adjustable-rate mortgages lock in your rate for a predetermined period, then adjust it periodically. For example, with a 5/1 ARM, your rate stays the same for the first five years and then goes up or down once per year for the remaining 25 years.

The main advantage is that the introductory rate is usually lower than what you'll get with a 30-year fixed rate, so your monthly payments will be lower. Talk to your lender before deciding between a fixed or adjustable rate. With an ARM, you have no idea what mortgage rates will be like once the intro-rate period ends, so you risk your rate increasing later.

This could ultimately end up costing more, and your monthly payments are unpredictable from year to year. But if you plan to move before the intro-rate period is over, you could reap the benefits of a low rate without risking a rate increase down the road. Today's mortgage rates: FAQs What is a 30-year mortgage rate right now?

The national average 30-year mortgage rate is 6. 73% right now, according to data compiled from the Zillow lender marketplace. But keep in mind that averages can vary depending on where you live.

For example, mortgage rates vary by state , and if you're buying in a city with a high cost of living, rates could be higher.   Are mortgage rates dropping? No, rates are rising.

The average 30-year fixed rate today, Wednesday, September 9, 2026 , is 6. 73% , up 6 basis points since yesterday. The 15-year fixed loan is currently 6.

05% , 1 basis point higher than yesterday. The 5/1 ARM is 7. 03% , up 39 basis points from Tuesday.

How do I get the lowest refinance rate? In many ways, securing a low mortgage refinance rate is similar to when you bought your home. Try to improve your credit score and lower your debt-to-income ratio (DTI) .

Refinancing into a shorter term will also land you a lower rate, though your monthly mortgage payments will be higher. Read More Is now a good time to refinance your mortgage? 5 things to consider following the Fed rate pause.

Mortgage rates are down more than a half point since the end of last May, sparking a more than 62% increase for refinance applications year over year. Does that mean now is a good time to refinance your mortgage? Want to refinance your house before the end of 2026?

What you need to know. Mortgage rates are down, so refinancing soon could be a good idea. Here's what you should know if you want to refinance your mortgage loan in early 2026.

7 types of mortgage refinance options There are several types of home refinance options, including cash-out, no-closing-cost, and more. Learn which type of refinance is best for your financial goals. Best mortgage refinance lenders of September 2026 The best mortgage refinance companies charge low interest rates and fees, and they often have unique perks for customers.

Find your best mortgage refinance lender. Is now a good time to get a VA loan? With today's high mortgage rates and home prices, it is a good time to get a VA loan.

You'll pay a lower rate with no down payment. Learn about getting a VA loan now. When should you refinance your mortgage?

6 times it makes sense. How do you know when to refinance your mortgage? Lower interest rates are only one sign that it could be time.

Learn more about when to refinance.