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The average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.759%, down from the day before, according to data from Mortgage Research Center. Meanwhile, the average rate for a 15-year, fixed-rate conforming mortgage loan is 5.946%, also down. Below are the latest mortgage rate changes for Sept. 4, 2026:
**Mortgage Type** | **Rate** | **Rate A Week Before** | **Approximate Basis Points Change** ---|---|---|--- 30-year conventional | 6.759% | 6.670% | +9 15-year conventional | 5.946% | 5.843% | +10 30-year jumbo | 6.799% | 6.709% | +9 30-year FHA | 6.137% | 6.078% | +6 30-year VA | 6.227% | 6.166% | +6 30-year USDA | 6.199% | 6.159% | +4
Fortune reviewed the latest Mortgage Research Center data available on Sept. 3. With current rates: - A $300,000 30-year mortgage would cost $401,131.72 in interest over the life of the loan. - A $300,000 15-year mortgage would cost $154,108.45 in interest.
The Federal Reserve influences mortgage rates indirectly through the federal funds rate. As of July 2026, the rate remained at 3.50%–3.75%. Mortgage applications saw a slight uptick in late August, with refinance volumes dropping but purchase volumes increasing modestly. Borrowers are increasingly opting for adjustable-rate mortgages (ARMs), which now account for 8% of applications.
Recent economic trends include: - A notable uptick in housing market activity in certain local markets, supporting transaction volumes. - Concerns about inflation and national debt persist, potentially affecting mortgage rates.
For consumers, shopping around for lenders can save thousands annually, with potential savings ranging from $600 to $1,200 per year. Factors like credit score and loan type significantly impact eligibility and rates.
Source: Fortune
