Mortgage Rates: A Shift in the Market, But What Does It Mean for Borrowers? The recent drop in mortgage rates has provided a welcome respite for potential homebuyers and refinancers.
As of Monday, September 7, 2026, current purchase mortgage rates are lower than refinance rates. The 30 year fixed purchase rate stands at 6. 67%, while the 15 year fixed purchase rate is 6. 04%.
This shift has left many wondering if it's a good time to buy or refinance. Some may view this development as cause for celebration, but others might be cautious.