{"id":291,"date":"2025-09-29T10:01:01","date_gmt":"2025-09-29T10:01:01","guid":{"rendered":"http:\/\/www.capitalskips.com\/?p=291"},"modified":"2025-09-29T12:14:26","modified_gmt":"2025-09-29T12:14:26","slug":"mortgage-rates-today-september-29-2025-30-year-rates-steady-15-year-rates-up","status":"publish","type":"post","link":"http:\/\/www.capitalskips.com\/index.php\/2025\/09\/29\/mortgage-rates-today-september-29-2025-30-year-rates-steady-15-year-rates-up\/","title":{"rendered":"Mortgage Rates Today: September 29, 2025 \u2013 30-Year Rates Steady, 15-Year Rates Up"},"content":{"rendered":"

The current average mortgage rate<\/a><\/span> on a 30-year fixed mortgage is 6.41%<\/strong>, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.48%<\/strong>, while the average rate on a 30-year jumbo mortgage is 6.77%<\/strong>.<\/p>\n

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30-Year Mortgage Rates Climb 1.46%<\/h2>\n

Today’s 30-year mortgage\u2014the most popular mortgage product\u2014is 6.41%, up 1.46% from a week earlier.<\/p>\n

The interest rate is just one fee included in your mortgage. You’ll also pay lender fees, which differ from lender to lender. Both interest rate and lender fees are captured in the APR<\/a><\/span>. This week the APR on a 30-year fixed-rate mortgage is 6.44%. Last week, the APR was 6.35%.<\/p>\n

Let’s say your home loan is $100,000 and you have a 30-year, fixed-rate mortgage with the current rate of 6.41%, your monthly payment will be about $626, including principal and interest (taxes and fees not included), the Forbes Advisor mortgage calculator<\/a><\/span> shows. That’s around $126,102 in total interest over the life of the loan.<\/p>\n

15-Year Mortgage Rates Climb 2.13%<\/h2>\n

Today, the 15-year mortgage<\/a><\/span> rate jumped up to 5.48%, higher than it was yesterday. Last week, it was 5.36%.<\/p>\n

The APR on a 15-year fixed is 5.53%. It was 5.41% this time last week.<\/p>\n

A 15-year fixed-rate mortgage of $100,000 with today’s interest rate of 5.48% will cost $816 per month in principal and interest. Over the life of the loan, you would pay $47,333 in total interest.<\/p>\n

Jumbo Mortgage Rates Climb 0.58%<\/h2>\n

The average interest rate on the 30-year fixed-rate jumbo mortgage (mortgages above 2025’s conforming loan limit of $806,500 in most areas) jumped up to 6.77%. Last week, the average rate was 6.73%.<\/p>\n

Borrowers with a 30-year fixed-rate jumbo mortgage with today’s interest rate of 6.77% will pay $650 per month in principal and interest per $100,000. That means you’d pay approximately $134,381 in total interest over the life of the loan.<\/p>\n

Mortgage Rate Trends in 2025<\/h2>\n

After reaching highs in 2024, the average 30-year fixed mortgage rate has remained in the mid-to-high 6% range since late January 2025. The 15-year fixed mortgage rate has hovered between the low-6% and high-5% range.<\/p>\n

While interest rates have fallen somewhat since mid-January 2025, experts don\u2019t expect them to drop significantly anytime soon.<\/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

What Affects Mortgage Rates?<\/h2>\n

The Federal Reserve’s restrictive monetary policy – including its interest rate hikes, which it’s using to restrain inflation – is the primary factor that’s pushing long-term mortgage rates higher. The state of the economy and housing market also affects mortgage rates. As for what interest rate the lender might offer you, this depends on your debt-to-income (DTI) ratio and credit score, both of which indicate your risk as a borrower.<\/p>\n

Related:<\/strong> Mortgage Rates Forecast And Trends<\/a><\/span><\/p>\n

How To Compare Mortgage Rates<\/h2>\n

Shop around and talk to various lenders to get a sense of each company’s mortgage loan offerings and services. Don’t go with the first lender quote you receive; instead, compare the best mortgage rate<\/a><\/span> quotes to get a deal. In particular, consider what fees they charge, what fees they’re willing to waive and what closing assistance they might provide. Make sure any special offers or discounts don’t come at the cost of a higher mortgage rate.<\/p>\n

Be sure to apply with each lender within a 45-day window. During this window, you can have multiple lenders pull your credit history without additional impact on your credit score.<\/p>\n

Is This a Good Time To Buy a House?<\/h2>\n

Mortgage rates remain elevated, and the nation’s housing supply remains limited. The low inventory is preventing house prices<\/a><\/span> from dropping. Meanwhile, the combination of high mortgage rates and appreciated home values will continue to present an obstacle for many prospective homebuyers seeking affordable housing.<\/p>\n

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Find the Best Mortgage Lenders of 2025<\/h2>\n

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How Are Mortgage Rates Determined?<\/h2>\n

Mortgage interest rates are determined by several factors, including some that borrowers can’t control:<\/p>\n