Mortgage Rates Rise on September 9, 2026 as Oil Prices Push Expectations of Fed Rate Hike
On Wednesday, September 9, 2026, mortgage rates across multiple loan types increased slightly due to rising oil prices and expectations that the Federal Reserve may raise interest rates in the coming week. According to Zillow data, the average 30-year fixed-rate mortgage rose by six basis points to 6.73%, while the 5/1 adjustable-rate mortgage (ARM) surged past 7% for the first time at 7.03%. The increase is attributed to higher oil prices and investor concerns about inflationary pressures. Refinance rates also climbed, with the average 30-year fixed refinance rate reaching 6.75%, up from previous levels. VA loan rates remained relatively lower compared to conventional loans but still showed slight increases across terms. The market reaction reflects growing anticipation of tighter monetary policy as oil prices continue to rise and inflation remains a concern for policymakers. Consumers are advised to monitor these trends closely, especially with the potential impact on borrowing costs in both home purchases and refinancing activities.
Tickers: $ZG
Topics: Fed policy interest rates oil prices