Mortgage rate watch
▲ 0.08 vs. last week · ▲ 0.73 vs. a year ago
The average 30-year fixed mortgage rate was 7.03% in Freddie Mac’s survey for the week of September 24, 2026, up 0.08 points from the week before and up 0.73 points from a year earlier. On a $632,807 home in Essex, Morris, Union, Sussex & Hunterdon, NJ with 10% down, principal and interest would be about $3,801 a month, $31 more than at last week’s average.
30-year fixed rate, last two years
What this week’s rate means for a typical home
| Area | Median sale price | Monthly principal & interest | vs. last week’s rate | vs. a year ago |
|---|---|---|---|---|
| Essex, Morris, Union, Sussex & Hunterdon, NJ | $632,807 | $3,801 | +$31 | +$275 |
| Middlesex, Monmouth, Ocean & Somerset, NJ | $582,980 | $3,501 | +$28 | +$254 |
| Nassau & Suffolk counties, NY | $782,289 | $4,698 | +$38 | +$340 |
| San Francisco & San Mateo, CA | $1,661,742 | $9,980 | +$80 | +$723 |
| Santa Clara & San Benito counties, CA | $1,524,717 | $9,157 | +$74 | +$663 |
Example only: median sale price for each area (Redfin, 4 weeks), 10% down, 30-year fixed at the Freddie Mac average. Taxes, insurance and mortgage insurance are not included. Run your own numbers.
About these rates
Freddie Mac’s survey is a national weekly average from loan applications. Your own rate depends on your credit, down payment, loan type, points and lender. OfferBacked is not a lender and does not offer rates. Primary Mortgage Market Survey® data provided by Freddie Mac.