Mortgage rates hold steady on September 5, 2025. The popular 30-year fixed mortgage rate is currently 6.125%. Meanwhile, the 15-year fixed rate sits at 5.25%. These rates arrive as the housing market slows significantly. A standoff between buyers and sellers defines the late summer season.
Today’s Mortgage Rates by Loan Type
National average rates for today are varied across loan products. The 30-year fixed mortgage has a rate of 6.125%. A 20-year fixed loan shows a rate of 6.000%. For shorter terms, the 15-year fixed rate is 5.250%. Government-backed loans show different figures. The 30-year FHA loan rate is 5.875%. The 30-year VA loan rate is 6.000%. Adjustable-rate mortgages, like a 7-year ARM, are at 6%.
Housing Market Grinds to a Halt
The current rate environment exists within a stalled housing market. An ongoing buyer-seller impasse is the main cause. “Affordability constraints are keeping buyers on the sidelines this summer,” said Realtor.com Senior Economist Joel Berner. This leads to frustration for sellers and home builders. They remain unable to sell homes at their desired prices.
Market Data Shows Significant Slowdown
Recent data highlights the late-summer doldrums. Home prices have flatlined compared to last year. The number of homes for sale grew 19.5% from 2024. However, the rate of inventory growth is slowing. New listings rose by only 0.7% from a year ago. This marks the lowest growth rate since April 2025. The trend indicates sellers are hesitant to enter the sluggish market.
How Buyers Can Secure a Lower Rate
Prospective buyers can take steps to get better rates. A higher credit score shows you are a reliable borrower. It can help you qualify for lower mortgage rates. A bigger down payment reduces risk for lenders. This could also help lower your interest rate. Keeping your debts low creates a good debt-to-income ratio. It shows you can reliably pay off your loan.