Mortgage Purchase Rates Lower Than Refinance Rates on September 7, 2026
On Monday, September 7, 2026, mortgage purchase rates were lower than refinance rates across several fixed and adjustable-rate products. According to Zillow data, the average national rate for a 30-year fixed purchase loan was 6.67%, compared to 6.73% for refinances — a difference of six basis points. Similarly, the 15-year fixed purchase rate stood at 6.04%, versus 6.11% for refinance options. The disparity between purchase and refinance rates is notable but not uncommon in mortgage markets. The gap may reflect differences in lender pricing strategies or borrower demand dynamics across these two segments of the market. For ARM products, however, the trend reversed slightly: while the 5/1 ARM purchase rate was higher than its refi counterpart by 14 basis points (6.64% vs. 6.50%), this suggests a more complex pricing environment for adjustable-rate mortgages. Consumers looking to buy or refinance can use mortgage calculators and lender comparisons to assess their options, as rates remain relatively stable but vary across loan types.
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Topics: mortgage rates refinance rates Zillow data