Mortgage Rates 📢 September 22nd, 2025

INTEREST RATES

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

💡 Why This Matters

✅ Fed Cut Was Expected – The Fed lowered its benchmark rate by 0.25% on 9/17, and markets had already priced this in. That’s why we didn’t see a major drop in mortgage rates following the announcement.

✅ Mortgage Rates Moved Higher – Despite the Fed cut, most mortgage products actually ticked up last week. Conventional loans rose by 0.25%, Jumbos and FHA/VA loans increased by 0.125%. The only exception was high-balance conventional, which held flat.

✅ Short-Term Relief vs. Long-Term Outlook – The Fed is trying to keep credit conditions supportive, but mortgage rates are more influenced by inflation expectations and bond market activity. Traders are watching this Friday’s PCE inflation report closely, which could set the tone for where rates head next.

Realtor Insight 🔑: Buyers may assume a Fed cut automatically means lower mortgage rates—but that’s not the case. Rates actually moved up, so it’s critical to set expectations properly and remind clients that inflation and bond demand, not Fed moves alone, drive mortgage pricing.