Mortgage Rates Today
The 30-year fixed national average is 6.66% this week. Below: the weekly Freddie Mac survey, daily rate indices, a 52-week trend chart, and plain-language explainers on every major loan program.
Published by a licensed Florida mortgage loan originator at Pioneer Mortgage Funding. Every rate on this site is a national survey or index average, not an offer. How we source the numbers.
National average mortgage rates this week
Week of August 27, 2026Source: Freddie Mac Primary Mortgage Market Survey via FRED, updated August 27, 2026. National average survey rates, not an offer. Your rate will depend on credit score, loan-to-value, loan type, property and occupancy. Rates could change or not be available at commitment or closing. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Daily rate indices
These two update every business day, while the survey above is published once a week — so they normally read a little differently. Why these figures don't all match.
Daily rate-lock index (OBMMI)
Updated daily by providerIndex data © Optimal Blue, LLC. Optimal Blue Mortgage Market Indices.
Source: Optimal Blue Mortgage Market Indices (OBMMI), updated September 2, 2026. National average survey rates, not an offer. Your rate will depend on credit score, loan-to-value, loan type, property and occupancy. Rates could change or not be available at commitment or closing.
Daily rate index (Mortgage News Daily)
Updated daily by providerSource: Mortgage News Daily rate index, updated September 2, 2026. National average survey rates, not an offer. Your rate will depend on credit score, loan-to-value, loan type, property and occupancy. Rates could change or not be available at commitment or closing.
Why these figures don't all match
Each one tracks the same market from a different angle, so they rarely agree — and in a fast week they can spread apart by a quarter point or more.
- Freddie Mac survey
- What lenders across the country were offering over the past several days, averaged and published Thursdays at noon. It assumes strong credit and 20 percent down, and it is the figure most news coverage quotes.
- Optimal Blue rate-lock index
- Built from rates borrowers actually locked, so it reflects completed transactions rather than advertised offers. Updated daily, roughly a day behind.
- Mortgage News Daily index
- Read from lender rate sheets each afternoon, which makes it the fastest of the three to register a move.
When the market moves quickly the daily indices move first and the weekly survey catches up days later, so the gap between them widens and then closes again. None of the three is a quote: your own rate depends on credit score, down payment, loan type, property and occupancy. Full methodology.
30-year fixed rate, last 52 weeks
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What is moving rates this week
Three sessions, three different causes, all pointing the same way: a hawkish Jackson Hole speech Friday, month-end trading Monday, and rising oil on Tuesday as fighting between the United States and Iran intensified. The Mortgage News Daily 30-year index sits at 6.89% and the 10-year Treasury near 4.81%, while the Freddie Mac survey on this page still reads 6.66% because it was collected before any of it.
Oil reaches mortgage rates through inflation expectations: higher energy costs feed inflation readings, bond traders demand more yield to hold a ten-year note, and mortgage pricing follows that yield. Tuesday's job openings figure of 7.27 million was a secondary story. The bigger tests are close — a new Freddie Mac survey Thursday at noon, and the August jobs report Friday morning, the release with the strongest record of moving rates in either direction. The next Fed meeting is September 15-16.
With rates at the top of their recent range heading into Friday's report, anyone under contract is better served deciding on a lock deliberately than by default, weighing their closing date and how much a payment change would strain the budget. For refinance watchers, the number worth having in hand before Friday is the break-even point — the refinance savings check on this site calculates it in a few minutes, which turns a favorable print into a decision rather than a scramble.
Commentary as of September 2, 2026. Refinance savings check.
Latest daily update: Mortgage Rates Today — September 2, 2026 · All updates
Holding two Loan Estimates? Compare them side by side.
Send the documents and get a written side-by-side of rate, APR, lender charges, credits and five-year cost back within one business day, prepared by a licensed mortgage loan originator. Prefer not to upload? A quick six-field comparison tool runs in your browser on the same page.
Loan program rates
How each program is priced, who it fits, and what to watch.
Florida mortgage rates by metro
Insurance, flood, condo and closing-cost notes for the state's largest markets. Florida overview
Frequently asked questions
Should I lock or float my rate right now?
Locking removes the risk that rates rise before closing; floating keeps the chance of a lower rate if the market improves. The right choice depends on your closing date, how much a higher payment would strain your budget and what economic reports are scheduled before you close. Once you are under contract with a firm closing date, most borrowers lock. A licensed mortgage loan originator can explain your lender's lock periods and any float-down option.
What is a good mortgage rate today?
A good rate is one at or below the current national survey average for your loan type, given your credit score, down payment and property. The weekly Freddie Mac figure on this page is the reference most people use. Rates a quarter point above or below it are common for legitimate reasons, so compare offers on the same day using the Loan Estimate's rate and APR together.
Is a 15-year or 30-year mortgage better?
A 15-year loan carries a lower rate and far less total interest but a much higher required payment. A 30-year loan keeps the payment lower and you can still pay extra toward principal. Choose based on how comfortably the 15-year payment fits your budget and how much you value flexibility.
How are mortgage rates set?
Lenders price loans off the yields investors demand on mortgage-backed securities, which move with inflation expectations, Treasury yields and economic data. Your individual rate adds loan-level adjustments for credit score, loan-to-value, property type, occupancy and points. The Federal Reserve influences but does not directly set mortgage rates.
How often is this site updated?
The Freddie Mac weekly survey figures update every Thursday after the survey is released. The daily index widgets refresh on their providers' schedules, usually each business day. Daily commentary is posted on business days when there is meaningful market movement. The date at the top of each page shows when it was last built.
Are the rates shown here my rate?
No. Every figure on this site is a national survey or index average, not an offer. Your rate depends on your credit, down payment, loan type, property and occupancy, and it can only be quoted by a licensed mortgage loan originator after reviewing your scenario. Rates shown could change or may not be available at commitment or closing.
Get a personalized rate from Pioneer Mortgage Funding
Survey averages are a starting point. For a rate quote on your actual scenario, PMF, Inc. will review your credit, property and goals and respond with a written Loan Estimate.
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