Mortgage and Refinance Rates on September 3, 2026: ARMs Rise While Fixed Rates Drop
On Thursday, September 3, 2026, mortgage rates showed a mixed trend with adjustable-rate mortgages (ARMs) rising while fixed-rate loans saw declines. According to Zillow data, the 5/1 ARM purchase rate increased by 18 basis points to 6.64%, whereas both the 30-year and 15-year fixed-rate purchase loans dropped slightly. The 30-year fixed-rate fell to 6.69% from a previous level, while the 15-year fixed-rate declined more significantly by 15 basis points to 6.00%. Refinance rates also reflected similar patterns with ARMs rising and fixed rates falling. The data highlights ongoing volatility in mortgage markets as borrowers navigate shifting interest rate environments. The Zillow lender marketplace provides national average figures, which may vary regionally or based on individual borrower qualifications. These changes could influence homebuyers' decisions between fixed-rate stability and ARM flexibility depending on their financial outlook.
Topics: housing market interest rates refinance