Mortgage rates: 30-Year Steady, 15-Year Rise – september 22, 2025
Washington D.C. – As of today, September 22, 2025, the average 30-year fixed mortgage rate remains unchanged, while rates for 15-year fixed mortgages have seen a slight increase, according to data analyzed by Forbes Advisor. This split performance presents a nuanced landscape for prospective homebuyers and those looking to refinance.
The stability in 30-year rates offers a continued opportunity for borrowers seeking the predictability of a longer loan term, while the uptick in 15-year rates reflects shifting market dynamics impacting shorter-term financing options. This divergence is particularly relevant as the Federal Reserve continues to monitor economic indicators and adjust monetary policy. Millions of Americans are affected by these fluctuations, with home affordability and monthly payments directly tied to prevailing mortgage rates. Experts anticipate continued volatility in the coming months,urging borrowers to carefully evaluate thier financial situations and consider locking in a rate if it aligns with their long-term goals.
Typically, rate locks last between 30 and 60 days without incurring a fee from lenders. Though,extending a rate lock to 90 or 120 days is frequently enough possible,though additional costs might potentially be applied.
Choosing between a fixed-rate mortgage and an adjustable-rate mortgage (ARM) hinges on individual financial circumstances. A fixed-rate mortgage provides consistent monthly payments throughout the loan’s duration, shielding borrowers from market fluctuations. Securing a fixed rate is particularly advantageous when rates are low, possibly saving money over the loan’s lifetime.
Conversely, an ARM may appeal to those seeking a lower initial rate and payment. However, ARMs carry the risk of increased payments if rates rise. Borrowers confident in future income growth or those planning to sell or move within a few years may find ARMs suitable.
