Today’s Mortgage Rates – September 11, 2025: 30-Year and 15 Year Fixed Rates Rise

As of September 11, 2025, mortgage rates have shown a mixed trend but are generally stabilizing with some declines in refinance rates. The average 30-year fixed mortgage rate edged up slightly to 6.52%—a subtle increase from 6.50% last week, according to Zillow. Meanwhile, refinance rates for the same 30-year fixed loans dropped, now averaging 6.62%, down from 6.75% the week before. The 15-year fixed mortgage rates increased to 5.58%, and ARM (Adjustable Rate Mortgage) rates mostly rose or stayed steady. Experts anticipate that, despite these small fluctuations, mortgage rates could further ease in the coming months due to expected Federal Reserve rate cuts and recent signs of a slowing economy.

Today's Mortgage Rates – September 11, 2025: 30-Year and 15 Year Fixed Rates Rise

Key Takeaways

• 30-year fixed mortgage rates slightly increased to 6.52%.
• 30-year fixed refinance rates decreased to 6.62%.
• 15-year fixed mortgage rate rose to 5.58%.
• 5-year ARM rates increased to 7.15%, while 7-year ARMs decreased slightly.
• Market expects a Federal Reserve rate cut soon, with potential for mortgage rates to fall further.
• Weak August employment data (only 22,000 new jobs) triggered optimism for lower rates.
• Mortgage rates are still historically higher than pandemic lows but show signs of easing.
• Forecasts from Realtor.com, Fannie Mae, and MBA expect rates to hover above 6% through 2025, dipping slightly in 2026.

Current Mortgage Rates: An Overview on September 11, 2025

Mortgage rates historically have a strong link to economic indicators, Federal Reserve policy decisions, and Treasury yields. Today’s rates reflect the delicate balance between inflation concerns, a cooling labor market, and Federal Reserve’s cautious approach.

Conforming Loan Mortgage Rates

Loan Type	Rate (Sept 11, 2025)	Change from 1 Week Ago	APR	APR Change
30-Year Fixed	6.52%	+0.03%	6.96%	+0.02%
20-Year Fixed	6.25%	+0.13%	6.69%	+0.19%
15-Year Fixed	5.58%	+0.03%	5.87%	+0.03%
10-Year Fixed	5.79%	0.00%	6.09%	0.00%
7-Year ARM	6.38%	-0.55%	7.43%	-0.23%
5-Year ARM	7.15%	+0.39%	7.79%	+0.25%

Government Loan Mortgage Rates

Loan Type	Rate (Sept 11, 2025)	Change from 1 Week Ago	APR	APR Change
30-Year Fixed FHA	5.65%	-0.23%	6.65%	-0.24%
30-Year Fixed VA	5.85%	-0.10%	6.06%	-0.09%
15-Year Fixed FHA	5.24%	-0.13%	6.20%	-0.13%
15-Year Fixed VA	5.50%	-0.07%	5.85%	-0.05%

Refinance Rates Today

The refinancing market is showing a somewhat different story: refinance rates are slipping, especially for the popular 30-year fixed refinance product.

Loan Type	Rate (Sept 11, 2025)	Change from 1 Week Ago	APR	APR Change
30-Year Fixed Refinance	6.62%	-0.04%	N/A	N/A
15-Year Fixed Refinance	5.45%	+0.04%	N/A	N/A
5-Year ARM Refinance	7.12%	-0.04%	N/A	N/A

What this tells us: Those looking to refinance might find more attractive rates now than a week ago, especially on 30-year loans, which can offer significant savings compared to rates above 7% seen earlier this year. This could open refinancing doors to many homeowners who had been hesitating to refinance previously.

Why Are Mortgage Rates Changing Now?

Mortgage rates mirror long-term Treasury yields and respond to Federal Reserve policies. Here’s a deep dive into what’s pushing rates up or down this month.

The Federal Reserve’s Influence

The Federal Reserve’s monetary policy is the biggest mover here. After aggressive interest rate hikes between 2022 and 2023 to fight inflation, the Federal Reserve hit a pause in early 2025, holding rates steady through at least July.

The latest data indicate internal Fed debate, with some officials calling for rate cuts in light of economic slowdown evidence. The August 2025 jobs report showed an unemployment rise to 4.3% and only 22,000 new jobs—much weaker than expected. This cooling labor market is prompting the market to price in a likely 25 basis point cut in mid-September.

Treasury Yields and Market Sentiment

Mortgage rates are closely tied to the 10-year Treasury yield, which recently fell to 4.08%—down 0.21 points over the past month. Investors are seeking safety amid economic uncertainty, pushing Treasury yields lower and thus mortgage rates too.

Economic Indicators and Inflation

Inflation remains above the Fed’s target but is moderating, making a rate cut plausible despite ongoing concerns. The cooling economy, slower job growth, and moderate inflation all suggest mortgage rates could drop modestly soon.

Impact of Today’s Mortgage Rates on Buyers and Homeowners

For Homebuyers

The slight uptick in 30-year fixed rates to 6.52% might feel disappointing, but rates are still near the lowest point seen in almost a year. Buyers can watch this space closely as anticipated Federal Reserve cuts may lower rates further, improving affordability over the coming months.

For Homeowners Considering Refinancing

Refinancing 30-year fixed loans offers a window of opportunity today, with average refinance rates dropping to 6.62% from 6.75% a week ago. Homeowners with loans locked in above 7% can find significant monthly savings by refinancing now.

Mortgage Rates Forecast

Here’s what leading forecasting agencies expect for mortgage rates in the near future:

Source	End 2025 Forecast	End 2026 Forecast	Notes
National Association of REALTORS®	~6.4%	~6.1%	Declining rates may boost demand
Realtor.com	~6.4%	N/A	Slow easing but steady
Fannie Mae	6.5%	6.1%	Slight upward revision
Mortgage Bankers Association	6.7%	6.5%	Volatile rates but trending down

Despite the expected rate cuts, the consensus is that mortgage rates will remain above 6% for the rest of 2025, with modest declines into 2026.

Example Calculation: Monthly Payments on a 30-Year Fixed Mortgage

Let's examine how the change in mortgage rates impacts your monthly mortgage payments using a loan amount of $300,000.

Rate	Monthly Principal & Interest (Approx.)
7.00%	$1,995
6.75%	$1,945
6.52%	$1,899
6.25%	$1,847
6.00%	$1,799

Impact: A drop from 7.0% to 6.52% reduces monthly payments by nearly $100, which can be meaningful over the life of a loan.

The Role of Adjustable Rate Mortgages (ARMs) in Today’s Market

ARMs are often overlooked but can be a strategic choice in certain economic climates.

• The 5-year ARM fixed rate rose slightly to 7.15%.
• The 7-year ARM dropped 0.55% to 6.38%.

Given expectations of rate cuts, some borrowers might consider ARMs to benefit from lower initial rates before potential increases later. However, risk tolerance is key.

The Federal Reserve Meeting to Watch in September

The looming Fed meeting is critical for mortgage rates. With 91% market certainty of a 25 basis point cut, mortgage rates could drop even more immediately after the announcement.

Key points to watch:

• Fed’s updated economic projections.
• Any signals of future rate cuts or pauses.
• Inflation and labor market updates.

Personal Thoughts on the Current Mortgage Climate

Having watched mortgage rate trends for years, what stands out to me is how quickly market sentiment can shift based on economic data. The cooling labor market isn't just numbers; it’s real people struggling to find jobs or maintain steady income, which reflects in the broader demand for housing.

While rates are still elevated from historic lows, we are seeing a beneficial convergence of factors—Fed signaling, inflation cooling, and Treasury yields falling—that may finally ease the burden on borrowers. However, buyers and borrowers should base their decisions on personal financial readiness, not just chasing rate dips.

Refinancing has become an important option again. I would encourage homeowners with high rates to evaluate their options carefully, especially with the refinance window reopening.