What are today’s mortgage interest rates: September 17, 2026?

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September 17, 2026 / 10:03 AM EDT / CBS News

For the first time in more than three years, the Federal Reserve issued an interest rate hike this week. Now at a range between 3.75% and 4.00%, the central bank is attempting to rein in inflation after it has remained stubbornly above the Fed's target 2% goal in recent months. And the hike could be the first of a series instead of an anomaly, especially if unemployment remains steady and inflation continues to tick up. This will have a ripple effect for millions of savers and borrowers, the latter of whom have already been contending with elevated costs on everyday goods and services, not to mention loans and credit cards. But where does it leave mortgage rates now and in the days and weeks still to come?

Mortgage interest rates actually declined by more than a full percentage point in 2025 after hitting their highest point since 2000 in 2023. And they hovered below 6% earlier this year before geopolitical tensions caused inflation to spike and interest rates to follow.

Original source: https://www.cbsnews.com/moneywatch/