09/08/2026
Mortgage Rate Update: September
Mortgage rates have inched higher heading into September, reaching their highest point in the past year. The average 30-year fixed rate is now sitting at 6.89% per MND, creeping toward the 7% range we haven’t seen since last fall.
The one-year chart makes the trend clear. Rates bottomed out near 6% in early February and have climbed steadily since, with the recent move to nearly 6.9% representing a new high for the year. Ongoing concerns around rising oil prices continue to keep inflationary pressure on costs, and that remains a key factor keeping rates elevated heading into the fall.
For buyers, preparation continues to be the most important factor. A well structured preapproval and a clear financing strategy let you move quickly when the right property becomes available. Understand your budget, know your options, and work with the right realtor to help you find a property that fits these criteria.
For sellers, limited inventory across New England continues to support home values. Even modest improvements in rates tend to bring additional buyers back to the market quickly, and motivated buyers remain active despite the elevated environment.
For investors, if the property cash flows at today’s rates, structure the right debt that allows future flexibility for a refinance to increase cash flow when rate conditions improve.
Rates are likely to remain elevated through the fall until we see meaningful progress on oil prices. Happy to walk through what this means for your specific scenario. Just send me a DM.
