No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 30, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning Personal Finance

Mortgage Rates Today, Friday, September 12: A Little Higher

by TheAdviserMagazine
2 months ago
in Personal Finance
Reading Time: 7 mins read
A A
Mortgage Rates Today, Friday, September 12: A Little Higher
Share on FacebookShare on TwitterShare on LInkedIn


Yes, mortgage interest rates are higher today, but only by a little.

The average interest rate on a 30-year, fixed-rate mortgage rose to 6.5% APR, according to rates provided to NerdWallet by Zillow. This is three basis points higher than yesterday but six basis points lower than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.

If you’re watching this space closely waiting for mortgage rates to fall, don’t be too discouraged. Lenders adjust their advertised rates throughout the day, so mortgage rates’ reaction to any news — good or bad — is fast. You need to look at the larger trend to get a sense for whether daily moves are one-offs or part of a streak.

While the economy never sleeps, markets are closed on the weekends. The rates you see Friday are unlikely to change much (if at all) until Monday.

Average mortgage rates, last 30 days

📉 When will mortgage rates drop?

Mortgage rates are constantly changing, since a major part of how rates are set depends on reactions to new inflation reports, job numbers, Fed meetings, global news… you name it. For example, even tiny changes in the bond market can shift mortgage pricing.

The Nerds are looking ahead to the Sept. 16-17 meeting of the Federal Reserve’s monetary policy committee. The Fed is expected to reduce the overnight lending rate to support job creation. That’s a sign that the central bank is more concerned about the job market than about inflation. If inflation were the Fed’s main worry, it likely would leave the federal funds rate unchanged.

🏡 Should I start shopping for a home?

There is no universal “right” time to start shopping — what matters is whether you can comfortably afford a mortgage now at today’s rates.

If the answer is yes, don’t get too hung up on whether you could be missing out on lower rates later; you can refinance down the road. Focus on getting preapproved, comparing lender offers, and understanding what monthly payment works for your budget.

NerdWallet’s affordability calculator can help you estimate your potential monthly payment. If a new home isn’t in the cards right now, there are still things you can do to strengthen your buyer profile. Take this time to pay down existing debts and build your down payment savings. Not only will this free up more cash flow for a future mortgage payment, it can also get you a better interest rate when you’re ready to buy.

🔒 Should I lock my rate?

If you already have a quote you’re happy with, you should consider locking your mortgage rate, especially if your lender offers a float-down option. A float-down lets you take advantage of a better rate if the market drops during your lock period.

Rate locks protect you from increases while your loan is processed, and with the market forever bouncing around, that peace of mind can be worth it.

🤓 Nerdy Reminder: Rates can change daily, and even hourly. If you’re happy with the deal you have, it’s okay to commit.

🔁 Should I refinance?

Refinancing might make sense if today’s rates are at least 0.5 to 0.75 of a percentage point lower than your current rate (and if you plan to stay in your home long enough to break even on closing costs).

With rates where they are right now, you may want to start considering a refi if your current rate is around 7% or higher.

Also consider your goals: Are you trying to lower your monthly payment, shorten your loan term or turn home equity into cash? For example, you might be more comfortable with paying a higher rate for a cash-out refinance than you would for a rate-and-term refinance, so long as the overall costs are lower than if you kept your original mortgage and added a HELOC or home equity loan.

If you’re looking for a lower rate, use NerdWallet’s refinance calculator to estimate savings and understand how long it would take to break even on the costs of refinancing.

🧐 Why is the rate I saw online different from the quote I got?

The rate you see advertised is a sample rate — usually for a borrower with perfect credit, making a big down payment, and paying for mortgage points. That won’t match every buyer’s circumstances.

In addition to market factors outside of your control, your customized quote depends on your:

Location and property type

Even two people with similar credit scores might get different rates, depending on their overall financial profiles.

👀 If I apply now, can I get the rate I saw today?

Maybe — but even personalized rate quotes can change until you lock. That’s because lenders adjust pricing multiple times a day in response to market changes.



Source link

Tags: FridayhigherMortgageratesSeptembertoday
ShareTweetShare
Previous Post

Parento Raises $5.9M to Expand Paid Parental Leave Insurance for Small Businesses – AlleyWatch

Next Post

Digital Analytics Solutions, Q3 2025

Related Posts

edit post
Inside the New AmEx Centurion Lounge in SLC

Inside the New AmEx Centurion Lounge in SLC

by TheAdviserMagazine
October 29, 2025
0

American Express just opened a new Centurion Lounge at Salt Lake City International Airport on Oct. 28, 2025. Located in...

edit post
Top Sale Items You Can Donate to Your Local Food Bank

Top Sale Items You Can Donate to Your Local Food Bank

by TheAdviserMagazine
October 29, 2025
0

With food prices rising everywhere, it can feel harder than ever to give back — but helping your local food...

edit post
Southwest’s New Debit Card Lets You Earn Points

Southwest’s New Debit Card Lets You Earn Points

by TheAdviserMagazine
October 28, 2025
0

Southwest Airlines just launched a Rapid Rewards® Debit Card, and its rewards are pretty generous — for a debit card....

edit post
Best Things to Buy on Black Friday (and What Not To)

Best Things to Buy on Black Friday (and What Not To)

by TheAdviserMagazine
October 28, 2025
0

Every year around this time, I find myself asking the same question: “What’s actually worth buying on Black Friday?” I...

edit post
Episode 232. “My husband gives me an allowance. I feel like a child.”

Episode 232. “My husband gives me an allowance. I feel like a child.”

by TheAdviserMagazine
October 28, 2025
0

Edward (38) and Ellen (30) live in Hawaii with their young daughter and a new baby on the way. With...

edit post
Inside the New Salt Lake City Delta Sky Club: Giant and Cozy

Inside the New Salt Lake City Delta Sky Club: Giant and Cozy

by TheAdviserMagazine
October 28, 2025
0

The new Delta Sky Club in the B Concourse at Salt Lake City International Airport (SLC) manages to feel cozy...

Next Post
edit post
Digital Analytics Solutions, Q3 2025

Digital Analytics Solutions, Q3 2025

edit post
Fintech firm Lendbuzz files for IPO

Fintech firm Lendbuzz files for IPO

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

0
edit post
Apple Q4 revenue grows on strong iPhone sales; results beat estimates

Apple Q4 revenue grows on strong iPhone sales; results beat estimates

0
edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

0
edit post
High Dividend 50: Timbercreek Financial Corp.

High Dividend 50: Timbercreek Financial Corp.

0
edit post
Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

0
edit post
Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

0
edit post
Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)

October 30, 2025
edit post
Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain

October 30, 2025
edit post
XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert

XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert

October 30, 2025
edit post
Commonwealth advisors leave for Cetera, Osaic, Raymond James

Commonwealth advisors leave for Cetera, Osaic, Raymond James

October 30, 2025
edit post
8 Medigap “Gaps” You Only Notice After a Hospital Transfer

8 Medigap “Gaps” You Only Notice After a Hospital Transfer

October 30, 2025
edit post
Michael Saylor’s Strategy returns to profitability in third quarter

Michael Saylor’s Strategy returns to profitability in third quarter

October 30, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Biogen outlines 67% launch product growth and signals expanded pipeline momentum amid strong Q3 results (NASDAQ:BIIB)
  • Asian shares rise: Asian shares, US futures rise on tech results, gold holds gain
  • XRP Could Drive the ‘Biggest Economic Shift’ in Decades: Crypto Expert
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.