Hampton Roads Home Financing Report: September 2026

Mortgage rates climbed in September, with the 30-year average ending at 7.60%. Plus 2026 loan limits for Hampton Roads and 3 takeaways for buyers and agents.

Mortgage rates climbed in September, with the 30-year average ending at 7.60%. Rates as of Wednesday, September 30, 2026 market close, Mortgage News Daily. Market averages, not our rates and not an offer of credit.

Mortgage rates in September

The average 30-year fixed rate rose 0.73 percentage points in September, from 6.87% at the August 31 close to 7.60% at the September 30 close, according to Mortgage News Daily's daily index. It averaged 7.18% across 21 trading days, with a low of 6.88% on September 3 and a high of 7.60% on September 30, so the month ended at its high.

The 10-year Treasury yield, which mortgage rates tend to follow, rose from 4.76% to 5.29% over the same stretch. The gap between the 30-year average and the 10-year yield averaged 2.19 percentage points for the month.

Other loan types moved with it: the 30-year FHA average rose to 7.25% from 6.40%, the 30-year VA average rose to 7.25% from 6.42%, the 15-year fixed average rose to 7.22% from 6.38%, and the 30-year jumbo average rose to 7.66% from 6.92%.

Market averages at a glance

30-year fixed average: averaged 7.18%, ranged from 6.88% to 7.60%, and closed September at 7.60%.

15-year fixed average: averaged 6.78%, ranged from 6.39% to 7.22%, and closed September at 7.22%.

30-year FHA average: averaged 6.78%, ranged from 6.41% to 7.25%, and closed September at 7.25%.

30-year VA average: averaged 6.80%, ranged from 6.43% to 7.25%, and closed September at 7.25%.

30-year jumbo average: averaged 7.31%, ranged from 6.92% to 7.66%, and closed September at 7.66%.

10-year Treasury yield (benchmark, not a mortgage rate): averaged 4.99%, ranged from 4.77% to 5.29%, and closed September at 5.29%.

Local housing numbers

Locally, REIN (Real Estate Information Network) reported a median sale price of $375,000 (up 2.74% from $365,000 in September 2025), 2,142 closed sales, homes selling in a median 30 days on market, 6,357 active listings (up 16.17% from September 2025), 2,009 pending sales, and 2.97 months of supply for Hampton Roads in September.

"Affordability is important for homebuyers, especially with mortgage rates trending up." John Chandler, 2026 President of the REIN Board of Directors.

Source: REIN (Real Estate Information Network), https://www.reinmls.com/sites/default/files/documents/Press%20Release/2026/October/REINNewsRelease_October2026.pdf

2026 loan limits in the areas we serve

In Hampton Roads, the 2026 limits for a one-unit home are $832,750 for a conforming loan and $757,850 for an FHA loan.

Most counties in Virginia, North Carolina, Michigan, Ohio, and West Virginia use the national 2026 baseline of $832,750 for conforming loans and the FHA floor of $541,287.

Washington-Arlington-Alexandria, DC-VA-MD-WV: $1,249,125 conforming, $1,249,125 FHA.

Perquimans County, NC: $832,750 conforming, $805,000 FHA.

Virginia Beach-Chesapeake-Norfolk, VA-NC: $832,750 conforming, $757,850 FHA.

Kill Devil Hills, NC: $832,750 conforming, $718,750 FHA.

Richmond, VA: $832,750 conforming, $707,250 FHA.

3 takeaways for buyers and agents

1. Re-check pre-approvals. A buyer pre-approved early in September may fit a lower price range now that average rates are higher. A quick refresh before writing an offer avoids surprises at the table.

2. Rates moved 0.72 points between the month's low and high. When the market swings like this, lock timing matters, so ask how rate locks work before going under contract.

3. Know the 2026 limits. In Hampton Roads, the 2026 limits for a one-unit home are $832,750 for a conforming loan and $757,850 for an FHA loan. A loan above the conforming limit is a jumbo loan, which comes with its own guidelines.

Austin's take

"This is a market that rewards buyers who show up ready. More choices, less pressure, and sellers willing to talk. Get your pre-approval squared away and go shopping." Austin Frangoules, Founder, East Coast Mortgage.

About this report

The Home Financing Report is published monthly by East Coast Mortgage. Sources: Mortgage News Daily daily rate index (market averages, as of the Wednesday, September 30, 2026 close); FHFA and HUD 2026 loan limits; REIN (Real Estate Information Network). Compiled by East Coast Mortgage. Rates shown are national market averages published by Mortgage News Daily. They are not East Coast Mortgage's rates, not an offer or commitment to lend, and not an advertisement of specific credit terms. Your actual rate depends on your scenario and qualification.

Free guides: The Homebuyer's Playbook (ecomortgage.com/guides/homebuyer-guide), The Agent's Edge (ecomortgage.com/guides/realtor-partner-guide), The Investor's Financing Playbook (ecomortgage.com/guides/investor-guide).

Download this report as a PDF: https://puxytwoeyovlkbbyfdpi.supabase.co/storage/v1/object/public/market-reports/2026-09/East-Coast-Mortgage-Home-Financing-Report-2026-09.pdf

East Coast Mortgage | NMLS 2354674 | Licensed in VA, NC, MI, OH, WV | nmlsconsumeraccess.org | Equal Housing Lender.

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Austin Frangoules

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