Freddie Mac Reports Slight Increase in 30-Year Fixed-Rate Mortgage Rate

MCLEAN, Va., Sept. 03, 2026 /CourierPR/ -- Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) averaged 6.71% as of September 3, 2026, marking a slight increase from the previous week's average of 6.66%. This rise continues a trend seen over the past year, with rates climbing from 6.50% at the same time last year.

Sam Khater, Freddie Mac's Chief Economist, commented, "The 30-year fixed-rate mortgage averaged 6.71% this week." He noted that purchase demand has remained relatively stable, indicating that buyers are adapting to the evolving market conditions.

Similarly, the 15-year FRM saw a small increase, averaging 6.04% for the week, compared to 5.98% the previous week. A year ago, the 15-year FRM was averaging 5.60%.

The Primary Mortgage Market Survey® (PMMS®), which focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit, provides these insights. For those seeking more detailed information, Freddie Mac offers a Frequently Asked Questions section on its website.

Freddie Mac, founded in 1970, continues its mission to make home possible for families across the nation. The company aims to promote liquidity, stability, and affordability in the housing market through all economic cycles. Over the years, Freddie Mac has helped tens of millions of families buy, rent, or keep their homes.

As of September 3, 2026, the trends in mortgage rates indicate a steady but upward movement, reflecting broader economic conditions and policy changes.