According to average rates from the Zillow lender marketplace, mortgage rates are now over 7%. The current 30-year fixed rate today, **Tuesday, September 15, 2026**, rose 11 basis points to **7.02%**, the 15-year fixed rate decreased 5 basis points to **6.32%,**and the 5/1 ARM increased 48 basis points to **7.33%**. **_Read more:_**_Weekly survey of mortgage lenders with the lowest rates: Breaking the 7% barrier_ Here are the current mortgage rates today, **Tuesday, September 15, 2026**, according to the latest Zillow data: Remember, these are the national averages and are rounded to the nearest hundredth. These are today's mortgage refinance rates, **Tuesday, September 15, 2026**, according to the latest Zillow data: Again, the numbers provided are national averages rounded to the nearest hundredth.
Refinance rates are usually higher than purchase rates. **_Learn more:_**_See our top picks for the best mortgage lenders right now_ A mortgage calculator can help you see how various mortgage term lengths and interest rates will affect your monthly payments. Use this mortgage calculator to explore different outcomes. Down Payment: This is the part of your home's purchase price that you pay upfront, not covered by your loan.
The amount you pay as a down payment can influence your mortgage interest rate. Generally, larger down payments result in lower interest rates, as lenders see these as a sign of strong financial commitment. Loan Term: This refers to the duration over which you will repay your loan, typically measured in years.
Opting for a longer loan term can reduce your monthly payments by spreading them out over a greater number of years, whereas shorter loan terms generally lead to higher monthly payments. Interest Rate: This is the annual cost you incur for borrowing money, expressed as a percentage of the loan amount. It represents the fee you pay each year to the lender for your loan.
Data is provided as-is via the Zillow Mortgage API © Zillow, Inc., 2024. Use is subject to the Zillow Terms of Use. You can bookmark the Yahoo Financemortgage payment calculator and keep it handy for future use, as you shop for homes and lenders.
It also considers factors like property taxes and homeowners insurance when calculating your estimated monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at the mortgage principal and interest. Generally, 15-year mortgage rates are lower than those for 30-year mortgages.
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