Mortgage Rates Drop on September 23, 2026
On Wednesday, September 23, 2026, fixed mortgage rates in the U.S. saw a decline according to Zillow data. The average 30-year fixed rate fell by 11 basis points to 6.92%, while the 15-year fixed loan dropped slightly by 2 basis points to 6.48%. In contrast, the 5/1 ARM increased marginally from Tuesday's reading. Refinance rates also moved lower for most products, with the average 30-year refinance rate at 7.01% and a notable decline in VA loan options such as the 5/1 VA rate to 6.28%. These figures represent national averages rounded to two decimal places and are sourced from Zillow's lender marketplace. The article also highlights tools like mortgage calculators that help borrowers understand how different rates, down payments, and terms affect their monthly obligations. While these rates can vary by region and individual circumstances, the overall trend indicates a slight easing in borrowing costs for homebuyers.
Tickers: $ZG
Topics: housing interest rates refinance