Introduction
On September 16, 2026, mortgage rates nudged upward across the board, signaling a moment for homebuyers and investors to pause and strategize. While many lenders saw increases this week, there’s still room to find competitive deals. If you’re shopping for a purchase loan, the lowest rate today is a 15-year fixed FHA loan at 5.375% from Potlatch No 1 Financial, a standout for borrowers looking to save on interest over time. Jumbo loans also climbed noticeably according to Zillow, with the 15-year fixed jumbo rising by over half a point in just seven days. Inflation expectations remain steady, hinting that rates may continue their slow climb. Here’s what you need to know before locking in a rate, so you can make your next move with confidence.
At a glance
New Purchase - FHA 15 yrs Fixed
| Lender | 2026-09-16 Current | 2026-09-09 7 Days Ago | 2026-09-01 15 Days Ago | 2026-08-17 30 Days Ago | 2026-08-02 45 Days Ago | 2026-07-18 60 Days Ago | 2026-06-18 90 Days Ago | 2026-03-20 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| POTLATCH NO. 1 FINANCIAL CREDIT UNIONLOWEST | 5.38% | 5.38% | 5.25% | 5.25% | 5.38% | 5.25% | 5.13% | 4.88% |
| SCHOOLSFIRST FEDERAL CREDIT UNION | 5.88% | 5.88% | 5.63% | 5.63% | 5.75% | 5.50% | 5.63% | 5.13% |
| WASHINGTON STATE EMPLOYEES CREDIT UNION | 5.88% | 5.88% | N/A | 5.88% | 5.88% | 5.88% | 5.88% | 5.50% |
| ENT CREDIT UNION | 6.00%▲ 25 bps | 5.75% | 5.50% | 5.50% | 5.63% | 5.50% | 5.38% | 5.00% |
| GOLDENWEST FEDERAL CREDIT UNION | 6.00%▲ 38 bps | 5.63% | 5.63% | 5.49% | 5.50% | N/A | N/A | 5.49% |
| ALTURA | 6.13% | 6.13% | 6.63% | 6.63% | 6.63% | 6.63% | 6.63% | 6.75% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 6.13%▲ 38 bps | 5.75% | 5.50% | 5.50% | 5.75% | 5.50% | 5.38% | 5.13% |
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 | 2026-09-16 Current | 2026-09-09 7 Days Ago | 2026-09-01 15 Days Ago | 2026-08-17 30 Days Ago | 2026-08-02 45 Days Ago | 2026-07-18 60 Days Ago | 2026-06-18 90 Days Ago | 2026-03-20 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| SELCO COMMUNITY CREDIT UNIONLOWEST | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% |
| POTLATCH NO. 1 FINANCIAL CREDIT UNION | 5.99% | 5.99% | 5.88% | 5.88% | 5.88% | 5.75% | 5.63% | 5.38% |
| WASHINGTON STATE EMPLOYEES CREDIT UNION | 5.99% | 5.99% | N/A | 5.99% | 5.99% | 6.88% | 5.99% | 5.88% |
| COMMUNITY CREDIT UNION OF FLORIDA CREDIT UNION | 6.13% | 6.13% | 6.13% | 6.13% | 6.00% | 6.00% | 5.75% | 5.63% |
| GOLDENWEST FEDERAL CREDIT UNION | 6.38%▲ 38 bps | 5.99% | 5.99% | 5.88% | 5.88% | N/A | N/A | 5.49% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 6.38%▲ 38 bps | 6.00% | 5.88% | 5.75% | 5.75% | 5.75% | 5.63% | 5.49% |
| ENT CREDIT UNION | 6.50%▲ 25 bps | 6.25% | 6.00% | 6.00% | 6.13% | 6.00% | 5.88% | 5.63% |
| SCHOOLSFIRST FEDERAL CREDIT UNION | 6.63%▲ 13 bps | 6.50% | 6.38% | 6.38% | 6.50% | 6.25% | 6.25% | 5.88% |
| ALTURA | 7.13%▲ 13 bps | 7.00% | 6.99% | 6.99% | 6.99% | 6.99% | 6.75% | 6.88% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
ALTURA FEDERAL CREDIT UNION
As of September 16, 2026, the 15 Year , FHA Fixed Purchase loan holds the lowest rate at 6.125%, unchanged from one week ago but down by 50 basis points compared to 30 days prior. This decline reduces borrowing costs for buyers prioritizing shorter terms and consistent payments. Conversely, the 30 Year , FHA Fixed Purchase rate increased by 12.5 basis points over the past week to 7.125%, marking a slight upward trend that raises long-term financing costs for homebuyers seeking extended payment periods.Members considering home purchases should weigh these movements carefully; those valuing payment stability might favor the lower-rate 15-year option, while others may reassess affordability given recent increases in the 30-year term. Evaluating mortgage strategies with current yield spreads can guide informed decisions on loan term selection and timing.For details, visit https://www.alturacu.com/products/home-loans/purchasing/.
COMMUNITY CREDIT UNION OF FLORIDA CREDIT UNION
As of September 16, 2026, the 30 Year Fixed Purchase mortgage rate remains steady at 6.125%, unchanged from both one week and one month ago. This stability in rates means the cost of borrowing for homebuyers has not increased, maintaining current yield spreads and predictable monthly payments. For first-time buyers, this consistent rate environment offers clarity in budgeting without concerns over immediate rate volatility. Members considering refinancing should evaluate fixed-rate options if they prioritize long-term payment stability. Given the absence of recent rate movement, homeowners may find limited incentive to refinance unless significant equity gains or other financial factors apply. For details, visit https://www.ccuflorida.org/home/rates/mortgage.
ENT CREDIT UNION
As of September 16, 2026, FHA 15-Year Fixed Purchase loans carry a rate of 6.00%, up 25 basis points from last week and 50 basis points over the past month. Similarly, the FHA 30-Year Fixed Purchase rate stands at 6.50%, reflecting the same weekly and monthly increases. These upward shifts in rates indicate higher borrowing costs for buyers seeking government-backed FHA financing, particularly impacting first-time homebuyers who often rely on these programs. The rise narrows yield spreads compared to recent lows, suggesting tightening mortgage market conditions.Members prioritizing payment stability should consider locking in fixed-rate options promptly, as further rate increases could elevate long-term expenses. Evaluating mortgage strategies now is advisable to manage future financial commitments effectively.For details, visit https://www.ent.com/rates/#:~:text=Mortgage%20purchase%20rates.
GOLDENWEST FEDERAL CREDIT UNION
As of September 16, 2026, 15 Year Fixed FHA Mortgage rates for purchase increased by 37.5 basis points compared to one week ago, reaching 6.00%. This reflects a notable rise in the cost of borrowing over a short period. Similarly, the 30 Year Fixed FHA Mortgage purchase rate rose by 38.5 basis points, now at 6.375%, marking the highest level in recent months.These upward shifts imply higher monthly payments for buyers locking in new loans, especially impacting first-time homebuyers relying on FHA programs. Borrowers prioritizing long-term stability may find fixed-rate options increasingly costly but predictable amid market fluctuations.Given these changes, members should carefully evaluate their mortgage strategy; those considering refinancing might assess if potential savings justify current rate levels. For details, visit https://www.gwcu.org/rates/homeloans.
MOUNTAIN AMERICA FEDERAL CREDIT UNION
On September 16, 2026, 15-year FHA fixed purchase loans are offered at 6.125%, marking a notable increase of 37.5 basis points compared to last week and 62.5 basis points over the past month. Similarly, the 30-year FHA fixed purchase rate stands at 6.375%, up by 37.5 basis points from seven days ago and 62.5 basis points higher than thirty days prior. These rising yields indicate an upward shift in the cost of borrowing for government-backed FHA loans, impacting first-time homebuyers who typically rely on these programs for lower down payments and flexible credit requirements. Members considering long-term financing should evaluate whether locking in current rates aligns with their financial strategy, especially given the sustained increase in yield spreads. For those weighing refinancing options, assessing potential savings against closing costs is essential amid this trend toward higher fixed rates.For details, visit https://www.macu.com/rates/home.
POTLATCH NO. 1 FINANCIAL CREDIT UNION
As of September 16, 2026, 15-Year Fixed Purchase mortgage rates remain steady at 5.375%, showing no change over the past week but rising 12.5 basis points compared to 30 days ago. Meanwhile, the 30-Year Fixed Purchase rate holds at 5.99%, also unchanged from last week but up approximately 11.5 basis points versus a month prior. These yield spreads indicate a modest increase in borrowing costs over the last month, which may influence budgeting for new homebuyers and those prioritizing long-term stability. Borrowers favoring shorter terms continue to benefit from the lower fixed rate on 15-year loans, reflecting the lowest available rate today. Members should evaluate fixed-rate options if they prefer predictable payments and consider refinancing strategies when potential savings outweigh associated costs. For details, visit https://www.p1fcu.org/personal/mortgage-rates.
SCHOOLSFIRST FEDERAL CREDIT UNION
As of September 16, 2026, the FHA 15-Year Fixed Purchase mortgage rate remains steady at 5.875%, showing no change from one week ago but rising by 25 basis points compared to 30 days prior. Meanwhile, the FHA 30-Year Fixed Purchase rate increased by 12.5 basis points over the past week to 6.625%, marking a total rise of 25 basis points in the last month.These yield adjustments indicate a modest uptick in borrowing costs for members seeking long-term financing options. First-time buyers may find that shorter-term fixed loans like the FHA 15-Year offer comparatively lower rates, potentially reducing total interest paid despite higher monthly payments. The recent upward trend suggests evaluating fixed-rate mortgages if you prioritize payment stability amid market fluctuations.Members should consider refinancing only if potential savings outweigh associated fees and closing costs given current rate movements. For details, visit https://www.schoolsfirstfcu.org/rates/mortgage-purchase/.
SELCO COMMUNITY CREDIT UNION
As of September 16, 2026, the 30 Year FHA Manufactured Home Purchase rate remains steady at 5.875%, unchanged from both one week and one month ago. This stability in rates means the cost of borrowing for members seeking this specific loan product has held firm, with no yield spread fluctuations impacting monthly payments or overall financing costs. For first-time buyers or those purchasing manufactured homes not on rented land, this consistent rate environment supports predictable budgeting without immediate pressure from rising interest costs. Members evaluating their mortgage strategy may find fixed-rate options advantageous for long-term payment certainty. Consider reviewing your financing plans in light of stable market conditions; refinancing decisions should weigh potential savings against closing costs carefully. For details, visit https://www.selco.org/loans/home-loans/purchase-a-home/.
WASHINGTON STATE EMPLOYEES CREDIT UNION
As of September 16, 2026, mortgage rates for Washington State Employees Credit Union members remain stable across key fixed-rate purchase products. The 15-Year Fixed Rate Purchase holds steady at 5.875%, unchanged from both one week and one month ago, reflecting no movement in yield spreads or borrowing costs over the short term. Similarly, the 30-Year Fixed Rate Purchase stands at 5.99%, maintaining its level from seven and thirty days prior. These consistent rates indicate a stable cost of borrowing environment, providing clarity for first-time buyers and homeowners evaluating long-term financing options. Members seeking predictable payments may prioritize fixed-rate terms, while those considering refinancing should assess whether current rates align with their financial goals. Given this rate stability, it is advisable to review mortgage strategies with an emphasis on minimizing total interest expense and locking in favorable terms. For details, visit https://wsecu.org/loans/mortgage-purchase.
Zillow National Average
As of September 16, 2026, mortgage rates show a mixed trend. The 15-Year Fixed Rate Jumbo increased to 6.816%, up by 5 basis points from yesterday and 54 basis points over the past week. In contrast, the 30-Year Fixed Rate Jumbo decreased slightly to 6.943%, down by 4 basis points from one day ago but up by 37 basis points in the last week. Borrowers should be aware that while short-term borrowing costs for the 15-Year Jumbo are rising, long-term options remain relatively stable. Monitoring these trends is essential for informed financing decisions.
Federal Reserve Economic Trends
Current inflation expectations, as reflected in the Breakeven Inflation Rate 10Yr at 2.380, suggest stable outlooks for borrowing costs. However, mortgage rates remain elevated, with the Mortgage 30Yr Average Rates showing a significant decline of 6.55 points over the past 60 days, while other mortgage products like the Mortgage 30Yr Va Average Rates increased by 0.38 points in the last month, indicating potential shifts in borrower affordability. The lowest mortgage rate displayed is from the Mortgage 15Yr Average Rates, standing at 0.000; however, this may not be reflective of current market conditions. Borrowers should stay informed about these trends to make better financial decisions regarding mortgages and loans.
LendMesh
Sometimes, the spark for a new home comes from an open house sign on a weekend drive or a conversation with a friend about their latest move. At LendMesh, we love seeing those sparks turn into plans and, ultimately, proud homeowners. Our mission is to connect you with top banks and trusted credit unions, so you get the best rates and honest answers, no matter your stage in the process. Whether you’re mapping out your dream neighborhood or just starting to explore mortgage rates, we’re here to help with guidance you can trust. Want to see your options? Visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans . LendMesh believes your homebuying adventure should feel exciting—and totally possible.
Conclusion
As rates inch higher, even small changes can reshape your monthly payments and total loan cost significantly. For example, a quarter-point increase on a $300,000 mortgage adds roughly $40 more per month or thousands over 30 years. If you qualify for programs like Potlatch No 1 Financial’s 5.375% FHA 15-year fixed, it might be worth considering shorter terms to pay off debt faster and save on interest. Keep an eye on inflation trends too; stable breakeven rates suggest no sudden shocks but expect gradual shifts. Whether buying or refinancing, weigh your timeline and financial goals carefully. Taking action now with thoughtful guidance can make all the difference in securing a mortgage that fits your life and budget long term.