PBP Data Desk · refreshed weekday evenings · figures as of Monday, September 28, 2026
Mortgage rates today
The average 30-year fixed mortgage rate is 7.50% as of Monday, September 28, 2026. Below is the full Mortgage News Daily rate index, the same daily figure the national business press quotes, with how each loan type moved over the past day, week, month and year and where today sits in its 52-week range. Under the table: what the move means for a buyer's budget in South Florida, and therefore for the asking price that sells.
Key takeaways
- 7.50% as of Monday, September 28, 2026, according to the Mortgage News Daily rate index, up 0.07 points from the prior trading day and 1.12 points above the same day last year (6.38%).
- Freddie Mac publishes a weekly survey on Thursdays that averages the prior week.
- Principal and interest on each $100,000 borrowed over 30 years is $699 a month at today's 7.50%, against $624 at last year's 6.38%.
- Mortgage News Daily publishes its index every weekday about 4 PM Eastern.
Today's mortgage rates, Sep 28, 2026
The average 30-year fixed mortgage rate is 7.50% as of Monday, September 28, 2026, up 0.07 points from the prior trading day and 1.12 points above the same day last year (6.38%). That is the highest reading since April 2024.
These are national average rates from the Mortgage News Daily rate index, which is built from actual lender rate sheets and published every weekday afternoon. We refresh this page every weekday evening so the figure you see is the one the market closed on. Each change is measured in percentage points (7.50% to 7.43% is a change of 0.07). The 52-week range shows where today sits between the lowest and highest readings of the past year.
| Average rate | Current | 1 day | 1 week | 1 month | 1 year | 52-wk low | Position in 52-week range | 52-wk high |
|---|---|---|---|---|---|---|---|---|
| 30 Yr. Fixed | 7.50% | +0.07 higher | +0.31 higher | +0.69 higher | +1.12 higher | 5.99% | 7.50% | |
| 15 Yr. Fixed | 7.12% | +0.02 higher | +0.29 higher | +0.77 higher | +1.22 higher | 5.55% | 7.12% | |
| 30 Yr. FHA | 7.17% | +0.02 higher | +0.36 higher | +0.80 higher | +1.08 higher | 5.62% | 7.17% | |
| 30 Yr. Jumbo | 7.56% | +0.01 higher | +0.21 higher | +0.66 higher | +1.27 higher | 6.10% | 7.56% | |
| 7/6 SOFR ARM | 6.85% | 0.00 unchanged | +0.11 higher | +0.52 higher | +1.03 higher | 5.29% | 6.85% | |
| 30 Yr. VA | 7.19% | +0.02 higher | +0.36 higher | —* | +1.09 higher | —* | ||
Source: Mortgage News Daily rate index, national average from lender rate sheets, published weekdays about 4 PM ET; PBP Real Estate refreshes this table every weekday evening. Last updated Monday, September 28, 2026. National averages, not a quote or an offer of credit; your rate depends on your lender, credit, down payment and loan size. PBP Real Estate is a brokerage, not a lender. * Our own daily record of the 30 Yr. VA series began September 2026; the 1-month and 52-week cells for it fill in as days accumulate rather than being estimated.
What today's rate does to a buyer's budget
Principal and interest on each $100,000 borrowed over 30 years:
| Rate | Monthly P&I per $100,000 |
|---|---|
| Today, 7.50% (Sep 28, 2026) | $699 |
| Same day last year, 6.38% | $624 |
| Difference | +$75 a month |
Turned around: for the same monthly payment, a buyer can borrow about 10.7% less today than a year ago. On a $600,000 purchase with 20% down that is roughly $51,498 of borrowing power gone at the same payment. A seller who prices against last year's closed sales is pricing for a buyer who no longer exists; the closed sales that clear today already reflect this table. County by county, houses and condos separately: home prices versus mortgage rates and sale price versus original asking price.
Arithmetic only: principal and interest on a 30-year fixed loan at the national average, before taxes, insurance, HOA or mortgage insurance. It is not a quote and does not describe any lender's offer.
How to read the table
- Current is the Mortgage News Daily national average for that loan type at the close of the last trading day, built from lender rate sheets rather than a survey.
- Change columns are in percentage points against the close 1 day, 1 week, 1 month and 1 year earlier, computed from our own daily record of the index. Red is higher, green is lower.
- 52-week range is the lowest and highest daily close of the past year; the marker shows where today sits. A marker at the right edge means today is the 52-week high.
- Loan types: 30- and 15-year fixed are conventional conforming loans; FHA and VA are government-backed programs with their own qualifying rules; jumbo is above the conforming loan limit; the 7/6 SOFR ARM is fixed for seven years, then adjusts every six months.
For sellers: the rate is the buyer's budget
Across the South Florida cities we publish, 7,181 of 16,450 houses for sale (43.7%) have already cut their asking price at least once. Most of those sellers priced for a rate that had moved by the time buyers saw the listing. The first two weeks on the market are when the most buyers look; a price set against today's table uses them, a price that needs a cut wastes them. How to price when buyers have the choice.
For sellers
Pricing a home is a skill. Start with the current competition and recent closed sales.
43.7% of active single-family house listings in South Florida have a recorded asking price below their original list price.
The data comes from the segment and recorded fields available in PBP Real Estate's BeachesMLS feed, as of the date shown. Gia Freer, Broker of Record, turns comparable sales and current competition into one written pricing opinion for your home, with the reasoning, before it goes live.
No website estimate, no automated number: a comparative market analysis done by hand, within one business day.
Request a pricing opinion for your property
Buying? Start with what a home costs to carry in your city: rent versus own and condo fees.
Selling? Pricing correctly is a skill. Gia Freer prices your home from this data before it goes live.
Ask Ava about this dataPrice my home correctlyWhat is the average 30-year fixed mortgage rate today?
7.50% as of Monday, September 28, 2026, according to the Mortgage News Daily rate index, up 0.07 points from the prior trading day and 1.12 points above the same day last year (6.38%). The 15-year fixed average is 7.12%.
Why does this page show a different rate than the weekly Freddie Mac number in the news?
Freddie Mac publishes a weekly survey on Thursdays that averages the prior week. The Mortgage News Daily index is built from actual lender rate sheets and moves every trading day, so it shows where rates are today rather than where they were last week. On a fast-moving week the two can differ by a quarter point or more.
What does a one-point change in mortgage rates mean for a buyer's budget?
Principal and interest on each $100,000 borrowed over 30 years is $699 a month at today's 7.50%, against $624 at last year's 6.38%. Put the other way: for the same monthly payment a buyer can borrow about 10.7% less than a year ago. That is why asking prices that sold a year ago do not sell today without adjustment.
Can PBP Real Estate quote me a mortgage rate?
No. PBP Real Estate is a licensed Florida brokerage, not a lender; this page carries no lender advertising and PBP is not paid by any lender for it. The figures on this page are national averages published by Mortgage News Daily; your own rate depends on your lender, credit, down payment, loan size and the day you lock. What we do is price a home against what buyers can actually borrow today.
How often is this page updated?
Mortgage News Daily publishes its index every weekday about 4 PM Eastern. We pull the six averages that evening and republish them here, so the figure you see on a weekday evening is that day's close. Weekend visitors see Friday's close with its date shown. The one-day, one-week, one-month and one-year changes are computed from our own daily record, not copied from another table.
How to cite this page
Free to reuse with attribution and a link to PBP Real Estate. Copy the line below; the URL is permanent and always shows the latest figures.
PBP Real Estate analysis of BeachesMLS listing data, "Today's mortgage rates (Mortgage News Daily index, as republished by PBP Real Estate)," as of September 28, 2026, https://www.pbprealestate.com/mortgage-rates/Every kit and chart: pbprealestate.com/press. Questions or a licensed quote: Gia Freer, Broker of Record (Lic. BK689801), 561-395-8418.
Source: Mortgage News Daily rate index, retrieved Monday, September 28, 2026; the index and its history are the property of Mortgage News Daily and are republished here with credit. Change and range figures are PBP Real Estate calculations from that daily series. Price-cut counts: PBP Real Estate analysis of BeachesMLS listing data (listings permitted for internet display), as of 2026-09-28. This page contains no loan offer, no rate quote and no financing advice; PBP Real Estate, LLC is a Florida licensed real estate brokerage (CQ1064615), not a lender; this page carries no lender advertising and PBP is not paid by any lender for it. Equal Housing Opportunity. Prepared with AI assistance and reviewed by a licensed broker.