Mortgage Rates Rise for Second Straight Day: Sept. 12, 2026
Mortgage and refinance rates climbed again Saturday, marking back-to-back daily increases for borrowers watching the housing market.
Mortgage rates are moving in the wrong direction for buyers hoping for relief. Saturday, September 12, 2026 marks the second consecutive day of rate increases across both purchase and refinance products, a streak that could push hesitant buyers further to the sidelines.
Consecutive daily upticks are worth watching. When rates climb two days in a row, it often signals that bond markets are repricing risk or reacting to fresh economic data. Borrowers who've been waiting for a dip may want to reassess whether holding out still makes sense — or whether locking in now beats chasing a moving target.
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For homeowners eyeing a refinance, the math gets tighter with every basis point gained. If you were already on the fence about refinancing, a two-day rise is a clear signal to run the numbers again before rates climb further and erode your potential savings.
The broader housing market remains sensitive to rate direction. Even modest daily moves compound into meaningful payment differences over a 30-year loan. Staying current on daily rate changes isn't just for traders — it's a real money move for anyone with a mortgage or a home purchase in progress.
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