Mortgage Rates Drop Slightly on September 22, 2026; 30-Year Fixed Rate Remains Above 7%
On Tuesday, September 22, 2026, mortgage rates declined slightly compared to the previous day according to Zillow data. The national average for a 30-year fixed-rate mortgage dropped by one basis point to 7.03%, while other major loan types also saw reductions in their interest rates. Refinance rates were generally higher than purchase rates on this date, with the 30-year refinance rate at 7.10%. The decline across multiple term lengths and adjustable-rate mortgages (ARMs) suggests a modest easing of borrowing costs for homebuyers and refinancers alike. Despite these declines, mortgage rates remain elevated by historical standards, particularly affecting long-term fixed loans which are still above the 7% threshold.
Topics: interest rates mortgages