Mortgage Rates Average 6.71%

Freddie Mac’s latest survey shows both 30-year and 15-year mortgage rates edging higher week over week and year over year.

Rhea-AI Summary

Freddie Mac (FMCC) reported that the average 30-year fixed-rate mortgage (FRM) reached 6.71% in its latest Primary Mortgage Market Survey as of September 3, 2026.

The 30-year FRM rose from 6.66% last week and 6.50% a year ago. The 15-year FRM averaged 6.04%, up from 5.98% last week and 5.60% a year earlier. The PMMS tracks conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit.

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MCLEAN, Va., Sept. 03, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.71%.

“The 30-year fixed-rate mortgage averaged 6.71% this week,” said Sam Khater, Freddie Mac's Chief Economist. “Purchase demand has remained relatively stable indicating steady interest from buyers adapting to evolving market conditions.”

News Facts

• The 30-year FRM averaged 6.71% as of September 3, 2026, up from last week when it averaged 6.66%. A year ago at this time, the 30-year FRM averaged 6.50%.
• The 15-year FRM averaged 6.04%, up from last week when it averaged 5.98%. A year ago at this time, the 15-year FRM averaged 5.60%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Mollie Laniado
(571) 382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/903c198f-95a1-4dcf-9c0e-6c4ebdd3f3fe

FAQ

What average 30-year fixed mortgage rate did Freddie Mac (FMCC) report this week?

Freddie Mac reported that the average 30-year fixed-rate mortgage was 6.71% as of September 3, 2026. This was up from 6.66% the previous week and 6.50% at the same time a year earlier.

How did the 30-year mortgage rate for FMCC change compared to last week and last year?

The average 30-year fixed-rate mortgage increased to 6.71%, up from 6.66% last week and 6.50% a year ago. The data comes from Freddie Mac’s Primary Mortgage Market Survey of conventional, conforming loans.

What is the current 15-year fixed mortgage rate in Freddie Mac’s (FMCC) survey?

The 15-year fixed-rate mortgage averaged 6.04% in Freddie Mac’s latest survey. This compares with 5.98% last week and 5.60% at the same time last year, indicating a modest upward move in shorter-term mortgage rates.

What types of mortgage loans are included in Freddie Mac’s PMMS for FMCC?

Freddie Mac’s PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who make a 20% down payment and have excellent credit profiles, providing a benchmark for prime mortgage borrowing costs.

What does Freddie Mac (FMCC) say about purchase demand in this mortgage rate report?

Freddie Mac’s chief economist said purchase demand has remained relatively stable, suggesting steady buyer interest even as 30-year and 15-year fixed mortgage rates have edged higher compared with the prior week and the same period last year.