Mortgage Rates Today — September 2, 2026

Today’s index numbers

• 30-year fixed: 6.66% (+0.01 vs. prior week) — Freddie Mac Primary Mortgage Market Survey, week of August 27, 2026. A new survey publishes tomorrow, September 3, at noon.
• 15-year fixed: 5.98% (+0.03 vs. prior week) — Freddie Mac Primary Mortgage Market Survey, week of August 27, 2026
• Daily rate index: 6.89% 30-year fixed (+0.02 on the day) — Mortgage News Daily, as of September 1, 2026. As of its August 31 reading the same index showed the 15-year at 6.38%, FHA 30-year at 6.40%, VA 30-year at 6.42%, jumbo 30-year at 6.92% and the 7/6 ARM at 6.42%.
• Daily rate-lock index (Optimal Blue): shown live in the widget on the home page.
• 10-year Treasury: about 4.81% at Tuesday’s close per Mortgage News Daily’s commentary; the Federal Reserve’s own series last posted 4.75% for August 31.

These are national survey and index averages, not an offer.

What moved rates

Tuesday added a third consecutive move in the same direction, and the cause changed again. Friday it was a hawkish Jackson Hole speech; Monday it was mechanical month-end trading; Tuesday it was oil. Fighting between the United States and Iran intensified, crude prices rose quickly, and Treasury yields followed — the 10-year finished near 4.81%, and the Mortgage News Daily 30-year index ticked up two basis points to 6.89%.

The link between oil and mortgage rates is indirect but reliable. Higher energy prices feed directly into inflation readings, and bonds price in expectations of future inflation. When traders think inflation will run hotter, they demand a higher yield to hold a ten-year bond, and mortgage rates — which track that yield closely — move with it. That is why a conflict thousands of miles away can show up on a rate sheet in Tampa the same afternoon.

Tuesday’s scheduled data was secondary to the headlines but not irrelevant: job openings came in at 7.27 million, another reading in a labor market that has been cooling gradually rather than sharply. That matters because the Federal Reserve has said employment is central to its next decision. Two bigger tests are now within 72 hours: the new Freddie Mac survey publishes Thursday at noon, and the August jobs report arrives Friday at 8:30 a.m. Eastern. The next scheduled Fed meeting, which comes with updated economic projections, is September 15–16.

What it means if you are…

Buying. The weekly survey on this page reads 6.66%, but it was collected before all three of this week’s moves; the daily index at 6.89% is the closer reflection of what lenders quoted Tuesday. Budget from the daily figure, and compare real offers against each other on the same day using both rate and APR rather than against either average.

Refinancing. Three sessions have now moved away from anyone waiting for a lower number. The useful response is not to watch more closely but to know your break-even in advance — the point where monthly savings cover the cost of doing the loan. With a jobs report Friday, the market has a scheduled opportunity to move in either direction, and a number you already calculated turns a good print into a decision instead of a scramble. The refinance savings check on this site takes a few minutes.

Under contract. Rates sit at the top of their recent range going into the week’s biggest release. Locking here removes the risk of a strong jobs report; floating keeps the benefit if the report comes in soft. Neither is the safe choice in the abstract — the right one depends on your closing date and how much a payment change would strain your budget. Worth a conversation with whoever is handling your loan before Friday morning rather than after it.

What a $400,000 loan looks like at today’s average

At 6.66% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,571 per month (6.66% ÷ 12 = 0.555% monthly rate, over 360 payments). At the daily index reading of 6.89%, the same loan runs about $2,632 — roughly $61 more per month, or about $22,000 across the full term. These figures exclude property taxes, homeowners insurance, flood insurance, mortgage insurance and any association dues; the actual monthly obligation will be greater.

Florida note

Rising oil prices reach Florida homeowners through a second door: property insurance. Carriers invest their reserves in bonds, and they price policies partly against replacement-cost inflation for materials and labor. Sustained energy costs push both. That does not change a premium this week, but it is worth remembering that in Florida the insurance line of a monthly payment has been moving more than the interest line for several years running. When you compare what two homes will actually cost you each month, get a real insurance quote for each address rather than applying a rule of thumb — on similar houses a few miles apart, the difference can exceed what a quarter-point of rate would do.

Rates shown could change or may not be available at commitment or closing. For a quote on your own scenario, use the rate-quote form on this page.

Daily Mortgage Rates is published by PMF, Inc. d/b/a Pioneer Mortgage Funding, NMLS #1980 · Branch NMLS #2681379 · Mortgage Loan Originator: Brendin Straubel, NMLS #1757609 · 401 E Jackson St, Suite 2340, Tampa, FL 33602 · 813-728-7764 · [email protected]. Verify licensing at nmlsconsumeraccess.org. Not a commitment to lend. All loans subject to credit approval.