Introduction
On September 2, 2026, mortgage rates continue to show subtle shifts that could influence your next homebuying or refinancing decision. If you’re eyeing a shorter-term FHA loan, Potlatch No 1 Financial’s 15-year fixed FHA at 5.375% stands out as the lowest rate among credit unions today. Meanwhile, Zillow reports a slight uptick in jumbo loans with the 15-year fixed jumbo rate rising to 6.275%, reflecting broader market moves. The Federal Reserve’s inflation breakeven rates nudged higher this week, hinting at persistent economic pressures that can ripple into mortgage costs. Here’s what you need to know before locking in a rate, whether you’re buying your first home or managing an investment property, understanding these nuanced changes helps you make smarter borrowing choices.
At a glance
New Purchase - FHA 15 yrs Fixed
| Lender | 2026-09-02 Current | 2026-08-26 7 Days Ago | 2026-08-18 15 Days Ago | 2026-08-03 30 Days Ago | 2026-07-19 45 Days Ago | 2026-07-04 60 Days Ago | 2026-06-04 90 Days Ago | 2026-03-06 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| POTLATCH NO. 1 FINANCIAL CREDIT UNIONLOWEST | 5.38% | 5.38% | 5.25% | 5.25% | 5.25% | 5.13% | 5.13% | 4.50% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 5.50% | 5.50% | 5.50% | 5.63% | 5.50% | 5.25% | 5.25% | 4.99% |
| GOLDENWEST FEDERAL CREDIT UNION | 5.63%▲ 13 bps | 5.50% | 5.50% | 5.63% | N/A | N/A | N/A | 5.25% |
| SCHOOLSFIRST FEDERAL CREDIT UNION | 5.63% | 5.63% | 5.63% | 5.75% | 5.50% | 5.63% | 5.63% | 5.00% |
| ENT CREDIT UNION | 5.75%▲ 25 bps | 5.50% | 5.50% | 5.63% | 5.50% | 5.25% | 5.38% | 5.00% |
| SPACE COAST CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.75% | 5.63% | 5.25% | 5.50% | 5.25% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
New Purchase - FHA 30 yrs Fixed
| Lender | 2026-09-02 Current | 2026-08-26 7 Days Ago | 2026-08-18 15 Days Ago | 2026-08-03 30 Days Ago | 2026-07-19 45 Days Ago | 2026-07-04 60 Days Ago | 2026-06-04 90 Days Ago | 2026-03-06 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| PENTAGON FEDERAL CREDIT UNIONLOWEST | 5.75% | 5.75% | 5.75% | 5.75% | 5.63% | 5.38% | 5.38% | 5.13% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 5.88% | 5.88% | 5.88% | 5.88% | 5.75% | 5.50% | 5.75% | 5.25% |
| SELCO COMMUNITY CREDIT UNION | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% |
| FIRST COMMUNITY CREDIT UNION | 5.99% | 5.99% | 5.99% | 5.99% | 5.63% | 5.63% | 5.88% | 5.38% |
| POTLATCH NO. 1 FINANCIAL CREDIT UNION | 5.99%▲ 12 bps | 5.88% | 5.88% | 5.75% | 5.75% | 5.63% | 5.63% | 5.13% |
| GOLDENWEST FEDERAL CREDIT UNION | 6.00%▲ 13 bps | 5.88% | 5.88% | 5.88% | N/A | N/A | N/A | 5.25% |
| ENT CREDIT UNION | 6.25%▲ 25 bps | 6.00% | 6.00% | 6.13% | 6.00% | 5.75% | 5.88% | 5.50% |
| SCHOOLSFIRST FEDERAL CREDIT UNION | 6.38% | 6.38% | 6.38% | 6.50% | 6.25% | 6.13% | 6.25% | 5.63% |
| SPACE COAST CREDIT UNION | 6.50% | 6.50% | 6.50% | 6.50% | 6.38% | 6.00% | 6.25% | 6.00% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
ENT CREDIT UNION
As of September 2, 2026, the FHA 15-Year Fixed Purchase rate stands at 5.75%, marking a 25 basis points increase from last week and a 12.5 basis points rise compared to 30 days ago. Similarly, the FHA 30-Year Fixed Purchase rate is at 6.25%, also up by 25 basis points over the past seven days and 12.5 basis points higher than one month prior. These upward movements indicate a modest tightening in yield spreads, resulting in a slightly higher cost of borrowing for new homebuyers using FHA-insured loans.For first-time buyers prioritizing lower monthly payments, the increase in the 30-year fixed may impact affordability more than the shorter-term 15-year option, which remains the lowest available rate today. Members should assess their long-term financial goals; those valuing payment stability might consider locking in current fixed rates before further rises. Evaluating mortgage strategies with an emphasis on term length could optimize borrowing costs amid these shifts.Consider refinancing only if projected interest savings exceed associated fees given recent rate trends. For details, visit https://www.ent.com/rates/#:~:text=Mortgage%20purchase%20rates.
FIRST COMMUNITY CREDIT UNION
As of September 2, 2026, the 30-year Fixed FHA Purchase mortgage rate remains steady at 5.99%, showing no change over the past week or month. This stability in rates means that borrowing costs for first-time buyers relying on FHA financing have not increased recently, preserving their current yield spread and affordability expectations. For members evaluating home purchase options, especially those requiring lower down payments through government-backed programs, this consistent rate environment supports predictable budgeting without unexpected rate-driven cost fluctuations. Veterans and refinancing borrowers should note that FHA purchase rates are unchanged, suggesting limited immediate incentive to shift strategies based solely on interest rate movement. Members might consider fixed-rate options if they prioritize payment stability or evaluate refinancing only if long-term savings clearly outweigh associated fees. For details, visit https://fccu.org/rates/home-loan-rates.
GOLDENWEST FEDERAL CREDIT UNION
On September 2, 2026, 15 Year Fixed FHA Mortgage purchase rates increased by 12.5 basis points, rising from 5.50% last week to 5.625%, maintaining stability compared to a month ago. Similarly, the 30 Year Fixed FHA Mortgage purchase rate rose by 12.5 basis points over the past seven days, now at 6.0%, reflecting a comparable increase since 30 days prior. These upward shifts indicate a modest rise in borrowing costs for FHA-backed homebuyers, potentially impacting monthly payments and affordability for first-time buyers relying on government-backed options. Members seeking predictability may consider fixed-rate loans to mitigate future yield spread volatility. Evaluating refinancing opportunities remains advisable if potential savings exceed associated fees in light of these recent rate adjustments. For details, visit https://www.gwcu.org/rates/homeloans.
MOUNTAIN AMERICA FEDERAL CREDIT UNION
As of September 2, 2026, 15-year FHA fixed purchase loans hold the lowest rate at 5.50%, unchanged over the past week but down 12.5 basis points from 30 days ago. This decline in yield spread reduces the cost of borrowing for borrowers seeking shorter-term government-backed financing, benefiting first-time buyers aiming for quicker equity build-up. Meanwhile, the 30-year FHA fixed purchase rate remains steady at 5.875%, with no change over both the past week and month, maintaining stable long-term financing costs for members prioritizing lower monthly payments.Members should consider these dynamics when evaluating mortgage strategies; those valuing payment stability might prefer the consistent 30-year FHA rates, while others could explore refinancing options on 15-year terms to capitalize on recent rate decreases. For details, visit https://www.macu.com/rates/home.
PENTAGON FEDERAL CREDIT UNION
On September 2, 2026, the 30-year Fixed FHA Purchase Loan rate remains steady at 5.75%, showing no change from both one week and one month ago. This stability in rates indicates consistent borrowing costs for members pursuing government-backed financing options. For first-time homebuyers relying on FHA loans, the unchanged rate preserves predictability in monthly payments without added yield spread pressure. While rates have increased by 125 basis points compared to six months prior, current conditions favor those prioritizing long-term fixed-rate security over variable adjustments. Members should consider fixed-rate FHA loans if they value payment consistency amid market fluctuations. Evaluating mortgage strategies with this stable rate environment can help optimize borrowing costs and financial planning. For details, visit https://www.penfed.org/mortgage/mortgage-rates?_ga=GA1.1.113342144.1749209030&mcid=44478617903031329443022793571867311851.
POTLATCH NO. 1 FINANCIAL CREDIT UNION
As of September 2, 2026, 15-Year Fixed Purchase mortgage rates remain at 5.375%, holding steady over the past week but up 12.5 basis points compared to 30 days ago. Meanwhile, the 30-Year Fixed Purchase rate rose by 11.5 basis points in the last seven days to 5.99%, marking a more pronounced increase of 24 basis points since one month prior. These upward shifts in fixed-rate products indicate a modest rise in the cost of borrowing for homebuyers, particularly impacting those seeking longer-term financing options. For members prioritizing payment stability and long-term predictability, evaluating fixed-rate options remains prudent despite recent increases. Consider reviewing your mortgage strategy carefully; if refinancing, ensure potential savings justify associated costs given current yield spreads. For details, visit https://www.p1fcu.org/personal/mortgage-rates.
SCHOOLSFIRST FEDERAL CREDIT UNION
As of September 2, 2026, FHA fixed-rate mortgage products for purchase remain stable. The 15-year FHA fixed rate holds steady at 5.625%, matching last week’s yield and representing a modest decline of 12.5 basis points compared to 30 days ago. Similarly, the 30-year FHA fixed rate is unchanged at 6.375%, also down by 12.5 basis points over the past month. These rates reflect a slight easing in borrowing costs relative to early August, potentially benefiting buyers seeking shorter or longer-term FHA loans.For first-time homebuyers prioritizing predictable payments, the 15-year FHA fixed option at 5.625% offers the lowest rate among today’s offerings, while those requiring extended amortization may consider the stable 30-year FHA fixed at 6.375%.Given these trends, members should evaluate fixed-rate strategies aligned with their financial goals and consider refinancing if projected savings surpass associated costs. For details, visit https://www.schoolsfirstfcu.org/rates/mortgage-purchase/.
SELCO COMMUNITY CREDIT UNION
On September 2, 2026, the 30-Year Fixed FHA Manufactured Home (no homes on rented land) purchase loan remains steady at a rate of 5.875%, with no change in yield compared to both one week and one month ago. This stability in rates indicates consistent borrowing costs for members seeking this specialized government-backed option. For first-time buyers or those purchasing manufactured homes on owned land, the unchanged rate supports predictable monthly payments without increased financing expenses. Veterans and refinancing applicants should monitor other product updates, as this program specifically serves purchase needs with fixed terms over 30 years. Given the current flat trend, members may consider fixed-rate loans if they prioritize payment certainty. Evaluate your mortgage strategy carefully; when rates hold steady, locking in a fixed rate can mitigate future market volatility risks. For details, visit https://www.selco.org/loans/home-loans/purchase-a-home/.
SPACE COAST CREDIT UNION
As of September 2, 2026, 15-year fixed purchase mortgage rates remain steady at 5.75%, holding the lowest yield among available products. The 30-year fixed purchase rate also remains unchanged at 6.50%. Both rates show no movement over the past week or month, indicating stable borrowing costs for homebuyers seeking fixed-rate financing. This stability benefits members prioritizing predictable payments; first-time buyers may find the 15-year fixed appealing due to its lower rate and shorter amortization period, while those planning longer tenure might consider the 30-year fixed for manageable monthly obligations despite a higher cost of borrowing. Given current trends, members should evaluate their mortgage strategy carefully, particularly if they value payment certainty or are assessing long-term affordability. For details, visit https://www.sccu.com/personal/consumer-rates#mortgage.
Zillow National Average
As of September 2, 2026, mortgage rates have shown a mixed trend. The 15-Year Fixed Rate Jumbo is currently at 6.275%, unchanged from yesterday and up 15 basis points over the past week. Conversely, the 30-Year Fixed Rate Jumbo has decreased to 6.578%, down by 28 basis points in one day and rising by 12 basis points over the last month. Borrowers may find opportunities in the fluctuations, especially considering the recent dip in the 30-Year Fixed Rate Jumbo, which could lower their cost of borrowing. It is advisable for potential homebuyers to closely monitor these changes to make informed decisions based on current market conditions.
Federal Reserve Economic Trends
As of today, the Breakeven Inflation Rate 10Yr remains stable at 2.350, indicating steady inflation expectations, which directly influence mortgage rates and overall borrowing costs. Notably, the Mortgage 30Yr Usda Average Rates saw a significant increase of 0.17 points over the past week and a rise of 0.20 points in the last 30 days, reflecting upward pressure on borrowing costs for USDA loans. The lowest mortgage rate reported is the 15-Year Average Rate, which remains unchanged at zero due to missing data. Borrowers should be cautious about rising rates and monitor these trends closely for informed financial decisions as they navigate their financing options.
LendMesh
Every homeowner’s journey is different, but almost all of us remember that mix of excitement and uncertainty when it’s time to find the right mortgage. At LendMesh, we know the process can be overwhelming—that’s why we’ve created a place where you can get honest guidance, side-by-side rate comparisons, and direct access to lending partners who put your needs first. We work with a nationwide network of credit unions and banks, offering options you might not find anywhere else. Think of us as your financial co-pilot, here to help you make decisions with confidence. When you’re ready to explore what’s possible, visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans . Let’s turn those dreams of homeownership into reality, one step at a time.
Conclusion
Even small increases in mortgage rates can add up over time; a tenth of a percent might seem minor but translates into higher monthly payments and more interest paid over the life of your loan. With 30-year fixed FHA rates hovering around 5.75% to 6.25% at credit unions, and national averages showing modest rises, it pays to weigh your options carefully. Consider locking in a rate if you find one near today’s lows, especially if you favor stability and predictable payments. For homeowners thinking about refinancing, factor in how recent rate changes affect your break-even point and long-term savings. Staying informed about rate trends from trusted sources like credit unions, Zillow, and the Federal Reserve empowers you to act with confidence and keep your financial goals on track.