India, Sept. 23 -- The average 30-year fixed mortgage rate is 6.92% on Wednesday, September 23, 2026. That is 11 basis points lower than Tuesday's rate, giving homebuyers a small drop in borrowing costs. The latest figures come from the Zillow lender marketplace. Mortgage rates are national averages and are rounded to the nearest hundredth, so the actual rate offered to a borrower can be different, according to Zillow.

The average 15-year fixed mortgage rate is 6.48% today. It is 2 basis points lower than yesterday. A 15-year mortgage generally comes with a lower interest rate than a 30-year loan. However, borrowers have to repay the loan in half the time, which means their monthly payments are usually higher.

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