{"id":266,"date":"2025-09-22T10:05:31","date_gmt":"2025-09-22T10:05:31","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=266"},"modified":"2025-09-22T12:08:24","modified_gmt":"2025-09-22T12:08:24","slug":"mortgage-rates-today-september-22-2025-30-year-rates-steady-15-year-rates-up","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/09\/22\/mortgage-rates-today-september-22-2025-30-year-rates-steady-15-year-rates-up\/","title":{"rendered":"Mortgage Rates Today: September 22, 2025 \u2013 30-Year Rates Steady, 15-Year Rates Up"},"content":{"rendered":"

The current mortgage rate<\/a><\/span> on a 30-year fixed mortgage rose by 1.12% in the last week to 6.32%<\/strong>, according to the Mortgage Research Center.<\/p>\n

Meanwhile, the APR on a 15-year fixed mortgage climbed 0.12 percentage point during the same period to 5.36%<\/strong>.<\/p>\n

For existing homeowners, compare your current mortgage rates with today’s refinance rates<\/a><\/span>.<\/p>\n

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30-Year Mortgage Rates Climb 1.12%<\/h2>\n

Today’s average rate on a 30-year mortgage (fixed-rate) stayed at 6.32% from 6.32% yesterday. One week ago, the 30-year fixed was 6.25%.<\/p>\n

On a 30-year fixed mortgage, the APR is 6.35%, lower than it was last week. APR, or annual percentage rate,<\/a><\/span> includes a loan’s interest rate and a loan’s finance charges. It’s the all-in cost of your loan.<\/p>\n

According to the Forbes Advisor mortgage calculator<\/a><\/span>, homebuyers will pay $620 per month in principal and interest (taxes and fees not included) for every $100,000 borrowed on their 30-year fixed-rate mortgage at today\u2019s interest rate of 6.32%. The total interest paid over the life of the loan will be around $123,934 per $100,000 borrowed.<\/p>\n

15-Year Mortgage Rates Climb 2.21%<\/h2>\n

Today’s 15-year mortgage<\/a><\/span> (fixed-rate) is 5.36%, up 2.21% from the previous week. The same time last week, the 15-year, fixed-rate mortgage was at 5.25%.<\/p>\n

The APR on a 15-year fixed is 5.41%. It was 5.3% a week earlier.<\/p>\n

A 15-year, fixed-rate mortgage with today’s interest rate of 5.36% will cost $810 per month in principal and interest on a $100,000 mortgage (not including taxes and insurance). In this scenario, borrowers would pay approximately $46,236 in total interest.<\/p>\n

Jumbo Mortgage Rates Climb 1.16%<\/h2>\n

The current average interest rate on a 30-year, fixed-rate jumbo mortgage (a mortgage above 2025’s conforming loan limit of $806,500 in most areas) is 6.73%\u20141.16% higher than last week.<\/p>\n

A 30-year jumbo mortgage at today’s fixed interest rate of 6.73% will cost you $647 per month in principal and interest per $100,000. That adds up to approximately $133,471 in total interest over the life of the loan.<\/p>\n

Trends in Mortgage Rates for 2025<\/h2>\n

After reaching 7.04% in January, the average interest rate for a 30-year fixed mortgage has steadily remained in the mid-to-high 6% range. The 15-year fixed mortgage rate has hovered between the low-6% and high-5% range since its January peak of 6.27%.<\/p>\n

While rates dropped in mid-January 2025, experts aren\u2019t forecasting a significant decrease in the near future.<\/p>\n

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When Will Mortgage Rates Go Down?<\/h2>\n

Various economic factors influence mortgage rates, making it challenging to forecast when rates will drop<\/a><\/span>.<\/p>\n

The Federal Reserve’s decisions significantly impact mortgage rates. In response to inflation or an economic downturn, the Fed may lower its federal funds rate, prompting lenders to reduce mortgage rates.<\/p>\n

Mortgage rates also track U.S. Treasury bond yields. If bond yields drop, mortgage rates typically follow suit.<\/p>\n

Finally, global events that cause financial disruptions can affect mortgage rates. For example, the Covid-19 pandemic led to record-low interest rates when the Fed cut rates.<\/p>\n

While a significant decrease in mortgage rates is unlikely in the near future, they may start to decline if inflation eases or the economy weakens.<\/p>\n

How To Calculate Mortgage Payments<\/h2>\n

Before you look for a house, you should get to know your budget. This will give you an idea of the type of house you can afford. Start by using a mortgage calculator to get a rough estimate.<\/p>\n

Simply input the following information:<\/p>\n