Mortgage rates today ran from 6.49 per cent to 6.91 per cent across United States loan types on 8 September 2026, depending on which product and which source is quoted. Freddie Mac’s weekly survey put the 30-year fixed at 6.71 per cent for the week ending 3 September. Treasury yields rose after a stronger-than-expected August jobs report.
Where US Mortgage Rates Stood on 8 September 2026
There is no single number. The figures below are all real, all published for the same week, and all measure different things. Every rate here applies to the United States market only.
| Reading | Rate | What it measures | As of |
|---|---|---|---|
| Freddie Mac PMMS, 30-year fixed | 6.71% | Weekly average from conventional, conforming, single-family purchase applications | Week ending 3 September 2026 |
| Freddie Mac PMMS, 15-year fixed | 6.04% | Same survey, 15-year term | Week ending 3 September 2026 |
| The Mortgage Reports, 30-year conventional | 6.905% | Quotes from its partner lender network | 8 September 2026 |
| The Mortgage Reports, 30-year FHA | 6.49% | Government-insured loan, partner network quotes | 8 September 2026 |
| The Mortgage Reports, 30-year VA | 6.568% | Veterans Affairs loan, partner network quotes | 8 September 2026 |
| The Mortgage Reports, 5/1 ARM | 6.659% | Adjustable-rate loan, fixed for five years | 8 September 2026 |
| Zillow lender marketplace, 30-year purchase | 6.67% | Marketplace quotes | 8 September 2026 |
| MortgageDaily, 30-year | 6.74% | Daily rate tracker | 8 September 2026 |
None of these is a rate any individual borrower is entitled to. Each is an average or a quote set, and what a lender actually offers turns on credit score, loan size, down payment, property type, occupancy, state and the day the rate is locked.
Why the Quotes Disagree by More Than 40 Basis Points
The spread is not error. It comes from three differences that most daily rate pages leave unstated.
- Survey versus marketplace. Freddie Mac’s Primary Mortgage Market Survey is built from loan applications submitted to Freddie Mac through its Loan Product Advisor system by lenders across the country. It covers conventional, single-family purchase originations within conforming loan limits. A lender marketplace instead shows what participating lenders are advertising to a shopper at that moment.
- Loan type. The 6.49 per cent bottom of the range is an FHA loan, insured by the Federal Housing Administration, which typically prices below conventional. The 6.905 per cent top is conventional. Comparing the two as though they are the same product is the single most common distortion in rate coverage.
- Timing. The Freddie Mac reading is a weekly average published on a Thursday and already several days old by Tuesday. Daily quotes move with the bond market through the session.
The same timing problem shows up in the underlying bond yield. The Mortgage Reports recorded the 10-year Treasury yield holding at 4.784 per cent on 8 September, while another reading the same day put it at 4.812 per cent, up 5.6 basis points. Both can be right at different hours.
What Moved Rates This Week
The trigger was the August employment report, released by the Bureau of Labor Statistics on Friday 4 September 2026. Total nonfarm payroll employment increased by 162,000, well above the roughly 53,000 that had been expected, and the unemployment rate was unchanged at 4.1 per cent.
Revisions added to the surprise. June was revised up by 11,000, from a gain of 20,000 to a gain of 31,000, and July was revised up by 44,000, turning a reported loss of 23,000 into a gain of 21,000.
Mortgage rates track the 10-year Treasury yield more closely than they track any central bank decision. A labour market reading that strong pushed yields up, and mortgage pricing followed within days.
The Federal Reserve Does Not Set Mortgage Rates
The Federal Open Market Committee sets the federal funds target range, which is an overnight interbank rate. It does not set 30-year mortgage rates, which are priced off long-dated bonds. What the Fed changes is expectations, and expectations move yields.
As of 8 September 2026 the target range stands at 3.5 to 3.75 per cent. At its meeting on 28 and 29 July 2026 the Committee voted 9 to 3 to hold it there, according to the published minutes. The three dissents were not calls for a cut: Beth M. Hammack, Neel Kashkari and Lorie K. Logan each preferred a 25 basis point increase.
The Committee’s own language pointed at the same pressure now showing up in oil markets: “Inflation remains elevated relative to the Committee’s 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy.”
After the jobs report, CME FedWatch pricing implied roughly a 58 to 60 per cent chance of a 25 basis point increase at the September meeting. Forbes reported that the same gauge showed 66 per cent at about 11:40 a.m. Eastern time on 31 August. These are market-implied probabilities that move continuously, not forecasts, and the Committee has not signalled a decision.
The Dates That Decide the Next Move
Four scheduled US releases sit between 8 September and the start of October. Anyone tracking rates, including anyone weighing a refinance, is watching the same calendar the bond market is.
- Thursday 10 September 2026, 12 p.m. ET: Freddie Mac publishes the next Primary Mortgage Market Survey. This will be the first weekly reading to capture the post-jobs-report move.
- Friday 11 September 2026: The August Consumer Price Index. This is the last major inflation reading before the Fed meets.
- Tuesday 15 and Wednesday 16 September 2026: The FOMC meets, with the decision announced at 2 p.m. ET on 16 September alongside the Summary of Economic Projections, the quarterly chart of individual policymakers’ rate expectations known as the dot plot.
- Friday 2 October 2026, 8.30 a.m. ET: The September employment report.
Frequently Asked Questions
What Are Mortgage Rates Today in the US?
On 8 September 2026, quoted 30-year rates ran from 6.49 per cent for an FHA loan to 6.905 per cent for a conventional loan, depending on the source. Freddie Mac’s weekly survey put the 30-year fixed at 6.71 per cent for the week ending 3 September 2026.
Why Do Different Websites Show Different Mortgage Rates?
Because they measure different things: a weekly survey of conventional purchase applications, a daily lender marketplace, or quotes for a specific loan programme such as FHA or VA. Loan type and timing account for most of the gap.
Did Mortgage Rates Go Up or Down This Week?
Freddie Mac’s 30-year fixed rose to 6.71 per cent for the week ending 3 September 2026, from 6.66 per cent the previous week. A year earlier it averaged 6.50 per cent. The next survey is published on 10 September 2026.
Will the Federal Reserve Raise Rates in September 2026?
The FOMC announces its decision on 16 September 2026. After the August jobs report, CME FedWatch pricing implied roughly a 58 to 60 per cent chance of a 25 basis point increase. Three of twelve voting members already preferred an increase in July. The Committee has not announced a decision.
Does the Fed Set Mortgage Rates?
No. The Fed sets the federal funds target range, currently 3.5 to 3.75 per cent, which is an overnight rate. Long-term mortgage rates are priced off the 10-year Treasury yield and move with expectations rather than with the Fed’s decision itself.
What Is the Freddie Mac Survey Actually Measuring?
It collects rates from loan applications submitted through Freddie Mac’s Loan Product Advisor by lenders nationwide, covering conventional, conforming, single-family purchase originations. It excludes refinances, jumbo loans and government-insured programmes, which is why it differs from advertised quotes.
