Mortgage Rates Update: September 14, 2025 – Small Increase in Purchase Rates, Decline in Refinance Rates

September 15, 2025 - 04:33

As of September 14, 2025, mortgage rates have shown a mixed but generally optimistic trend. The average 30-year fixed mortgage rate stands at 6.54%, slightly higher than last week's 6.50%, indicating a small increase in purchase rates. This modest uptick may impact potential homebuyers as they navigate their financing options in a competitive housing market.

In contrast, refinance rates have experienced a decline, providing an opportunity for existing homeowners looking to lower their monthly payments or tap into their home equity. The average rate for refinancing has dropped, creating favorable conditions for those considering this financial move.

Market analysts suggest that while the increase in purchase rates may pose challenges for new buyers, the decrease in refinance rates offers a silver lining for current homeowners. As the market continues to evolve, both buyers and homeowners should stay informed about these changes to make the best financial decisions.