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FinanceUS mortgage rates surge across all loan types as Iran war re-escalates
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On Wednesday, September 2, 2026, mortgage and refinance rates increased significantly across all loan types, driven by renewed escalation in the Iran war. According to Zillow data, the average 30-year fixed mortgage rate rose 15 basis points to 6.74%, the 15-year fixed increased 16 basis points to 6.16%, and the 5/1 adjustable-rate mortgage jumped 24 basis points to 6.46%. Refinance rates followed similar upward trends, with the 30-year fixed refinance at 6.73% and the 15-year fixed at 6.16%. The article, published by Yahoo Finance and authored by Tim Manni, attributes the rate hikes directly to the escalating conflict in the Middle East. It provides a comprehensive table of current rates for both purchase and refinance loans, including VA loans, and includes a mortgage calculator for readers to estimate monthly payments. The piece also notes that these are national averages and may vary by lender.
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Publication Date: September 2, 2026
Mortgage & Refinance Rates Today, Wednesday, September 2, 2026: Rates Up Double Digits as Iran War Re-escalates
By Tim Manni Wed, September 2, 2026, 12:16 PM PDT · 5 min read
According to the Zillow lender marketplace, mortgage rates are much higher today, following continued escalation in the Middle East.
The average 30-year fixed rate today, Wednesday, September 2, 2026, is 6.74%, up 15 basis points since yesterday. The 15-year fixed loan is currently 6.16%, 16 basis points higher than yesterday. The 5/1 ARM is 6.46%, up 24 basis points from Tuesday.
Read more: Weekly survey of mortgage lenders with the lowest rates: Minor pricing changes
Today's Mortgage Rates
Here are the current mortgage rates for Wednesday, September 2, 2026, according to the latest Zillow data:
- 30-year fixed: 6.74%
- 20-year fixed: 6.68%
- 15-year fixed: 6.16%
- 5/1 ARM: 6.46%
- 7/1 ARM: 6.36%
- 30-year VA: 6.24%
- 15-year VA: 5.91%
- 5/1 VA: 6.06%
Note: These are national averages and rounded to the nearest hundredth.
Today's Mortgage Refinance Rates
These are today's mortgage refinance rates for Wednesday, September 2, 2026, according to the latest Zillow data:
- 30-year fixed: 6.73%
- 20-year fixed: 6.65%
- 15-year fixed: 6.16%
- 5/1 ARM: 6.51%
- 7/1 ARM: 6.32%
- 30-year VA: 6.23%
- 15-year VA: 5.80%
- 5/1 VA: 5.59%
Note: The numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that is not always the case.
Use Our Mortgage Calculator
Use the mortgage calculator below to see how various interest rates and loan amounts will affect your monthly payments. It also shows how the term length plays into things.
- Payment breakdown
- Amortization
- Mortgage payment calculator
You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use as you shop for homes and the best lenders. You even have the option to enter costs for private mortgage insurance (PMI) and homeowners' association dues if those apply to you. These details result in a more accurate monthly payment estimate than if you simply calculated your mortgage principal and interest.
30-Year Fixed Mortgage Rates
There are two main advantages to a 30-year fixed mortgage: Your payments are lower, and you lock in a fixed rate for the life of the loan.
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Source
Yahoo FinanceWestern
Part of this Story
Iran war escalation drives 30-year mortgage rate to 6.87%, highest since June 2025