Mortgage Rates Are Shifting—Here’s What You Should Know

Mortgage rates took another turn today, reminding us that the housing market is always moving. While today’s numbers show some improvement, what really matters is understanding the bigger picture, because rates are influenced by many variables that impact each borrower differently.

Why Rates Change

Rates move daily based on economic data, inflation, the Federal Reserve’s actions, and even global events. But beyond those broad market forces, your personal situation plays a big role too. Lenders consider things like:

Credit score
Down payment amount
Loan program (Conventional, FHA, VA, Jumbo, etc.)
Length of the loan (15-year vs. 30-year)
Discount points or lender credits

This means two buyers shopping on the same day could walk away with very different rates.

What That Means for Buyers & Sellers

For buyers: A slight shift in rates can change your monthly payment and what price range you qualify for.
For homeowners: If you’re considering refinancing, the math depends not just on the headline rate but also on your loan balance, remaining term, and costs to close.
For sellers: Lower borrowing costs can bring more buyers into the market—but affordability is still a moving target, which makes pricing and strategy especially important.

Today’s Market Snapshot

As of September 5, 2025, several popular loan products saw meaningful decreases:

Conforming 30-Year Fixed rates are now at 6.125% (6.373% APR).
Conforming 15-Year Fixed rates are down to 5.375% (5.766% APR).
Jumbo 30-Year Fixed loans dipped to 6.000% (6.064% APR
Government-backed programs also improved, with FHA 30-Year Fixed at 5.975% (7.004% APR) and VA 30-Year Fixed at 5.750% (6.171% APR

That’s just the starting point. Depending on your credit, down payment, and loan type, your rate could be higher or lower.

The Takeaway

Rates are shifting, and no two situations look exactly the same. That’s why it’s important to talk through the numbers with a trusted lender who can look at your unique profile and help you make the best decision—whether that’s buying, refinancing, or simply waiting for the right time.

📞 If you’d like to see how today’s market impacts your specific buying power or refinancing options, I’d be happy to connect you with the right resources.