Mortgage rates hover near 7% as of Sept 15, 2026

Zillow-based data show current national mortgage rates around 7%: 30-year fixed at 7.02%, 15-year fixed at 6.32%, and 5/1 ARM at 7.33%, with refinance rates also reported and notes that refis are usually higher than purchase rates. The piece explains how loan term and ARM vs. fixed choices affect payments, includes a sample calculation comparing 30-year vs. 15-year costs, and cites MBA and Fannie Mae forecasts suggesting 30-year rates in the mid-6% to high-7% range through 2026–2027.