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If you have been thinking about buying a home, selling your current property, or simply keeping an eye on the housing market, mortgage rates are once again making headlines.
After a relatively calm period in August, mortgage rates moved higher following Federal Reserve Chairman Kevin Warsh's closely watched speech at the Jackson Hole Economic Policy Symposium. The daily national average for a 30-year fixed-rate mortgage reached 6.87% on Monday, August 31, according to Mortgage News Daily, the highest daily level of 2026 at that point.
And rates have continued to move. Mortgage News Daily reported the average 30-year fixed rate at 6.89% on September 1; another reminder of just how quickly mortgage rates can change. For buyers and sellers, whether here in New York's Capital District or anywhere else in the country, the important question isn't simply, "How high are mortgage rates?"
The better question is:
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