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Fixed mortgage rates rise after U.S. strikes near Hormuz
Zillow lender marketplace data show the average 30-year fixed rate at 6.59%, up four basis points from the prior day.
Fixed mortgage and refinance rates moved higher on Tuesday, September 1, 2026, according to the Zillow lender marketplace, citing U.S. airstrikes on Iranian rocket launchers over the weekend.
The average 30-year fixed mortgage rate increased to 6.59%, up four basis points from Monday, while the 15-year fixed rate was 6.0%, up nine basis points from the prior day.
The 5/1 ARM fell to 6.22%, down four basis points from yesterday, with rates described as national averages rounded to the nearest hundredth.
The article also noted that refinance rates are typically higher than purchase rates, and it provides a breakdown example of a monthly mortgage payment composition.