Mortgage Rates Hold Steady at 6.91% Despite Fed's Tougher Stance

The current mortgage rates in the US have settled at around 6.91% for the 30-year fixed, according to data from Zillow on September 14, 2026.

This rate has been consistent despite expectations of a possible cut by the Federal Reserve under new Chair Kevin Warsh's leadership, who has signaled a tougher stance against inflation.

The rising Treasury yields and increasing costs for everyday goods are contributing to higher mortgage rates, making it more expensive for borrowers to secure loans.

For homebuyers, this means being strategic in their approach, such as locking in the rate with a safety net or shopping around for better deals.