FX.co ★ US Mortgage Rates Rise, Snapping Declining Streak: MBA

The average interest rate on 30-year fixed-rate mortgages with conforming loan balances (up to $806,500) in the United States increased to 6.46% for the week ending September 26, 2025, rising from 6.34% the previous week, which had marked the lowest rate since September 2024. This information, provided by the Mortgage Bankers Association, indicates an end to a four-week consecutive decline in rates. Treasury yields have increased due to recent economic data that exceeded expectations, contributing to this uptick. "Following a surge in refinancing activities over the past month, this change in mortgage rates has resulted in a significant reduction in refinance applications. This aligns with our prediction that refinance opportunities would be fleeting this year," explained Joel Kan, the MBA’s Vice President.