Market data
Today's rates, and what they actually cost.
National averages from the Federal Reserve, refreshed hourly — plus the part most rate pages leave out: what a quarter-point does to a real North Dallas payment.
30-year fixed
7.03%
APR 7.09%
15-year fixed
6.42%
Conventional
10-year Treasury
5.11%
The benchmark
The spread
1.92%
+0.08 wk/wk
Live from FRED · Refreshed September 24, 2026 at 4:37 PM CT
Fifty-two weeks
Mortgage rates track the 10-year Treasury, not the Fed funds rate. The gap between the two lines is the spread — when it widens, mortgages get expensive even if Treasuries don't move.
In dollars
What a quarter-point is worth
On a $450,000 loan over 30 years — roughly a $560,000 purchase with 20% down, which is a normal Frisco or Prosper file.
6.78%
a quarter better
$2,928
principal & interest
−$75/mo
7.03%
today
$3,003
principal & interest
7.28%
a quarter worse
$3,079
principal & interest
+$76/mo
Worth keeping in proportion: a quarter-point is about $76 a month here. A seller concession or a builder incentive is frequently worth more than the rate you would gain by waiting — and unlike the rate, you cannot renegotiate the purchase price later.
Recent weeks
The last twelve readings
| Week of | 30-yr | 10-yr UST | Spread |
|---|---|---|---|
| Sep 24, 2026 | 7.03% | 5.11% | 1.92% |
| Sep 17, 2026 | 6.95% | 4.94% | 2.01% |
| Sep 10, 2026 | 6.76% | 4.95% | 1.81% |
| Sep 3, 2026 | 6.71% | 4.77% | 1.94% |
| Aug 27, 2026 | 6.66% | 4.67% | 1.99% |
| Aug 20, 2026 | 6.65% | 4.69% | 1.96% |
| Aug 13, 2026 | 6.67% | 4.63% | 2.04% |
| Aug 6, 2026 | 6.69% | 4.69% | 2.00% |
| Jul 30, 2026 | 6.66% | 4.68% | 1.98% |
| Jul 23, 2026 | 6.58% | 4.71% | 1.87% |
| Jul 16, 2026 | 6.55% | 4.57% | 1.98% |
| Jul 9, 2026 | 6.49% | 4.54% | 1.95% |
Context
Three things people get wrong about rates
The Fed doesn't set your rate
The Fed sets overnight bank lending. Your mortgage tracks the 10-year Treasury and mortgage-backed securities. Rates often move before a Fed meeting and barely move after it.
These are averages, not your quote
The figures above are national averages for a strong borrower profile. Your rate depends on credit score, loan-to-value, occupancy, property type and the lender's own pricing that day.
Timing the market rarely pays
Waiting for a lower rate while prices rise usually costs more than it saves — and a refinance later is straightforward. You can change the rate. You cannot change the price you paid.
Want a rate that's actually yours?
These are averages. I can price your file across several lenders and tell you what you'd really be quoted today.
Market data disclosure. Mortgage rate data is sourced from the Federal Reserve Bank of St. Louis (FRED) Primary Mortgage Market Survey® and represents national weekly averages for conforming loans. 10-Year Treasury yields represent daily market close values. APR estimates assume a standard scenario with 20% down and typical closing costs. These figures are informational only, do not constitute an offer to lend or a guarantee of an interest rate, and will vary with your credit score, loan-to-value, debt-to-income ratio, property type and market conditions at the time of lock. Rates change daily without notice. Privacy policy.