Mortgage Rates 📢 September 15th, 2025

INTEREST RATES

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

The rate cut last September destroyed bond market momentum and spiked mortgage rates .500% in ONE DAY.

💡 Why This Matters

📉 Rates in a Holding Pattern
Mortgage rates are holding steady ahead of the Fed’s policy meeting this Wednesday. While FHA and VA programs saw a small dip (-0.125%), conventional and jumbo rates remain flat. This is the market essentially waiting on the Fed’s move.

🪙 Fed Expected to Cut 0.25%
Markets have already priced in a quarter-point cut, with only a slim chance of something bigger. That means when the cut is officially announced, don’t expect a dramatic drop in mortgage rates—most of that move has already happened.

📊 Economic Signals
The Congressional Budget Office expects unemployment to tick higher and growth to slow in 2025. That’s generally bond-friendly, which could help mortgage rates ease further over time if the trend continues.

👀 What to Watch
The Fed’s “Dot Plot” and economic projections will be key. If Fed members show expectations for multiple cuts ahead, it could add fuel to the rate rally. On the other hand, if they strike a cautious tone, we could see rates stall around current levels.

💡 Realtor Insight: Buyers sitting on the sidelines should know that while rates have improved recently, the big “rate drop” many are waiting for may not materialize right after the Fed’s cut. Stability in rates could encourage hesitant buyers to re-enter the market before competition picks up.