The 30-year fixed mortgage rate rose 19 basis points to 6.95% this week, while its spread over the 10-year Treasury yield widened 18 basis points to 1.94 percentage points.

The Federal Reserve's Federal Open Market Committee held its scheduled two-day meeting on Sept. 15-16, 2026, and on Sept. 16 raised the federal funds rate target range by 25 basis points to 3-3/4 to 4 percent, per the Fed's official statement and the meeting's own materials page, which shows the statement, implementation note and Summary of Economic Projections were all released at 2:00 p.m. ET that day. Sept. 16 is also the date of this reading's second daily Treasury yield observation, and it falls within the Sept. 10-17 survey window behind this week's Freddie Mac mortgage-rate release. Freddie Mac's own release does not attribute the week's rate change to a specific factor, and no causal link between the FOMC's decision and the size of any of the moves reported below is asserted here — only the calendar overlap is confirmed.

Federal Reserve H.15 data show the 10-year Treasury yield at 5.01% on Sept. 16, 2026, up 1 basis point from 5.00% on Sept. 15, and the 2-year yield at 4.74%, up 7 basis points from 4.67%. Both readings reflect Sept. 16, one day earlier than this brief's Sept. 17 series date.

Freddie Mac's Primary Mortgage Market Survey, released Sept. 17, 2026, put the average 30-year fixed mortgage rate at 6.95%, up 19 basis points from 6.76% in the week ended Sept. 10, and the average 15-year fixed rate at 6.26%, up 17 basis points from 6.09%. The FOMC's Sept. 16 meeting falls inside that Sept. 10-17 survey window. The rate any individual borrower is actually offered depends on credit profile, loan term and lender.

The spread between the 30-year mortgage rate and the 10-year Treasury yield — a measure of how much mortgage pricing sits above the benchmark long-term government yield — widened by 18 basis points to 1.94 percentage points this week. The spread between the 10-year and 2-year Treasury yields, a common gauge of the yield curve's slope, narrowed by 6 basis points to 0.27 percentage points over the Sept. 15-16 span. Nothing in this session's sourcing speaks to either move directly; both are the arithmetic difference between the readings reported above, carried here without an inferred cause.

What to watch next: Freddie Mac's next Primary Mortgage Market Survey is due Thursday, Sept. 24, 2026, and the Federal Reserve updates its H.15 Treasury yield series on the next business day.