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Mortgage rates hit 6.85%, highest in 14 months

9/9/2026

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Summary

Story summary

U.S. mortgage rates rose to 6.85%, the highest level in over 14 months.
Escalating Middle East hostilities lifted oil prices, sparking inflation worries.
Refinancing activity fell 6.2% from the prior week, per the Mortgage Bankers Association.
The Federal Reserve (Fed) will meet Sep 15-16 to review Thursday’s producer price index and Friday’s consumer price index.
There is no sign the Fed will cut rates as President Donald Trump has requested.

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Story summary

U.S. mortgage rates rose to 6.85%, the highest level in over 14 months.
Escalating Middle East hostilities lifted oil prices, sparking inflation worries.
Refinancing activity fell 6.2% from the prior week, per the Mortgage Bankers Association.
The Federal Reserve (Fed) will meet Sep 15-16 to review Thursday’s producer price index and Friday’s consumer price index.
There is no sign the Fed will cut rates as President Donald Trump has requested.