WisdomTree and MoonPay have announced a partnership aimed at widening U.S. investor access to a tokenized money market mutual fund tied to U.S. Treasuries. The companies say MoonPay will provide technology that helps power a distribution and access layer for WisdomTree’s tokenized product, the WisdomTree Treasury Money Market Digital Fund (WTGXX).

According to the Thursday announcement, the tokenized fund is designed to maintain a $1 share price, and the issuer will use MoonPay’s infrastructure to connect to a broader user base. The firms also disclosed that MoonPay plans to incorporate WTGXX into its stablecoin reserve management workflow.

Key takeaways

• WisdomTree says MoonPay will supply technology that forms an access point for WTGXX, a tokenized U.S. Treasury money market fund.
• The fund targets a $1 per-share price; the issuer plans to leverage MoonPay’s network of more than 35 million accounts.
• MoonPay intends to use WTGXX as part of its stablecoin reserve management stack.
• RWA.xyz data cited by the companies places tokenized U.S. Treasury market value at about $15.4 billion, with WTGXX representing about $1.23 billion.
• WTGXX saw net token flows of $466 million over the past 30 days, based on the difference between tokens minted and burned.

How MoonPay’s infrastructure plugs into WTGXX

The partnership centers on distribution infrastructure rather than on changing the fund’s core strategy. WisdomTree’s WTGXX is a tokenized money market mutual fund that aims to keep its value stable at $1 per share. Under the deal, the issuer plans to use MoonPay’s technology to build an access point that can route eligible participants into the tokenized fund.

The companies say this access layer is expected to give WisdomTree reach into MoonPay’s broader network, described as spanning more than 35 million accounts. For investors, that matters less for the “tokenization” branding and more for the practical question of whether they can actually reach and transact in these products efficiently. Expanding access points has often been a gating factor for real-world assets (RWAs), where compliance and onboarding complexity can slow distribution.

WTGXX as a stablecoin reserve tool

MoonPay’s involvement is not limited to retail-style access. The company also said it plans to use WTGXX as part of its stablecoin reserve management stack. MoonPay is a financial technology firm that provides infrastructure for moving between fiat and digital assets, and it issues dollar-denominated stablecoins backed by U.S. dollars and other high-quality liquid assets held in segregated accounts.

In the announcement, MoonPay pointed to its earlier buildout of an enterprise stablecoin business, which it says it launched in November 2025. The stated reserve architecture—assets held in segregated accounts—highlights one of the recurring themes in stablecoin infrastructure: reserve management needs can be as operational and regulatory-heavy as they are technical. Using a tokenized Treasury-linked money market product could, in theory, align reserve workflows with on-chain settlement and compliance-friendly custody structures, though the announcement does not detail the mechanics beyond saying WTGXX will be part of MoonPay’s stack.

For market participants, the implication is that tokenized Treasuries are increasingly being treated not only as standalone investment vehicles, but also as building blocks inside broader digital-asset financial plumbing.

Market footprint and recent momentum in tokenized Treasuries

The announcement situates the partnership within the growth of tokenized U.S. Treasury markets. On Thursday, the tokenized U.S. Treasury market was cited at about $15.4 billion, with WTGXX accounting for roughly $1.23 billion, according to RWA.xyz data.

Momentum metrics were also provided. WisdomTree and MoonPay said WTGXX logged net flows of $466 million over the past 30 days. The companies define net flows as the difference between tokens minted and tokens burned. By that measure, WTGXX was not alone in positive movement, but it stood out among tokenized Treasury offerings: Ondo’s U.S. Dollar Yield fund (USDY) was described as the only other tokenized Treasuries fund to show positive net flows in the same period, totaling $66 million.

Those figures matter because they frame the partnership as a bet on demand and distribution at a time when tokenized Treasury funds are competing for inflows. If the tokenization ecosystem’s growth is still concentrated in a small set of products, expanding access via established on-ramps could further skew which funds attract additional capital.

What could follow: more tokenized funds and broader geography

Beyond WTGXX, the partners suggested the collaboration could extend to other tokenized funds. WisdomTree said the arrangement may expand, including into markets outside the United States, though it did not specify which products or regions would come next.

For investors and builders, that “optionality” is a meaningful signal. Tokenized money market funds and Treasury-linked instruments rely on a combination of legal structure, investor onboarding, custody and settlement design, and ongoing operations. If a tech-enabled access point proves effective for one fund—particularly one that aims for a stable share price—it may become a reusable distribution model for additional offerings.

However, readers should also note what is not spelled out in the announcement: the companies did not provide details on timeline, target jurisdictions for expansion, onboarding prerequisites, or how MoonPay’s role changes once investors move from access into ongoing investment/redemption flows. Those are key operational variables that typically determine whether demand converts into sustained AUM growth.

With WTGXX already showing significant net flows over the past month and a substantial share of the tokenized Treasury market by the companies’ cited RWA.xyz data, the partnership’s next test will be execution: whether MoonPay’s expanded access layer translates into continued inflows and whether MoonPay’s stablecoin reserve use case scales smoothly as the stablecoin business grows. Investors watching RWAs and stablecoin infrastructure should look for updates on adoption, jurisdictional rollout, and any additional funds that may be brought into the same access framework.

Mortgage rates are hovering around 7.2% following the Federal Reserve’s first interest rate hike in three years.

The latest move is a bit of relief following a bruising few weeks in which they reached as high as 7.24%, the highest levels since early 2025, according to Mortgage News Daily. 

The Fed doesn’t directly control mortgage rates, and by the time the central bank voted to raise benchmark rates by 25 basis points on Wednesday, mortgage rates had already moved higher in anticipation of that hike. 

The 10-year Treasury yield, which mortgage rates closely track, dropped 6 basis points to 4.94% on Thursday as investors grew confident that the Fed was kicking off a new rate-hiking cycle to address persistently high inflation.

Fed hikes normally aren’t good news for the housing market or the bond market, but the latest move may be an exception. 

Wednesday’s rate hike “is the medicine the housing market needs to recover,” Zillow chief economist Mischa Fisher said in a statement. “Greater market confidence in inflation being under control is more likely to bring mortgage rates lower in 2027 and get the recovery back on track.” 

Freddie Mac, which conducts a weekly survey of mortgage rates, said rates averaged 6.95% in the week through Wednesday, a steep jump from 6.76% a week earlier that reflects rising bond yields before the Fed’s latest hike. 

Read more: Discover the best mortgage refinance lenders

Today’s mortgage rates

Here are the current purchase mortgage rates for today, Thursday, September 17, 2026, according to the latest Zillow data:

• 30-year fixed: 7.01%

• 20-year fixed: 7.00%

• 15-year fixed: 6.44%

• 5/1 ARM: 7.08%

• 7/1 ARM: 6.74%

• 30-year VA: 6.46%

• 15-year VA: 5.95%

• 5/1 VA: 6.30%

Remember, these are the national averages and rounded to the nearest hundredth.

Here are 8 strategies for getting the lowest mortgage rate possible.

Today’s mortgage refinance rates

Here are the current refinance mortgage rates for today, Thursday, September 17, 2026, according to the latest Zillow data:

• 30-year fixed: 7.00%

• 20-year fixed: 6.76%

• 15-year fixed: 6.42%

• 5/1 ARM: 7.14%

• 7/1 ARM: 6.76%

• 30-year VA: 6.62%

• 15-year VA: 6.15%

• 5/1 VA: 5.88%

As with mortgage rates for purchase, these are national averages that we’ve rounded to the nearest hundredth. Refinance rates can be higher than purchase mortgage rates, but that isn’t always the case.

Monthly mortgage payment calculator

Use the mortgage calculator below to see how various mortgage rates will impact your monthly payments.

You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and lenders. Be sure to use the dropdown to include private mortgage insurance costs and HOA dues if they apply to you. These monthly expenses, along with your mortgage principal and interest rate, will give you a realistic idea of what your monthly payment could be.

How do mortgage rates work?

A mortgage interest rate is the fee charged by a lender for borrowing money, expressed as a percentage. There are two basic types of mortgage rates: fixed and adjustable rates.

A fixed-rate mortgage locks in your rate for the entire life of your loan. For example, if you get a 30-year mortgage with a 6% interest rate, your rate will remain at 6% for the entire 30 years. (Unless you refinance or sell the home.)

An adjustable-rate mortgage keeps your rate the same for the first few years, then changes it periodically. Let’s say you get a 5/1 ARM with an introductory rate of 6%. Your rate would be 6% for the first five years, and then the rate would increase or decrease once per year for the last 25 years of your term. Whether your rate goes up or down depends on several factors, such as the economy and the U.S. housing market.

At the beginning of your mortgage term, most of your monthly payment goes toward interest. As time passes, less of your payment goes toward interest, and more goes toward the mortgage principal or the amount you originally borrowed.

Read more: Learn how to choose between an adjustable-rate vs. fixed-rate mortgage.

How are mortgage rates determined?

Two categories determine mortgage rates: those you can control and those you cannot.

What factors can you control? First, you can compare the best mortgage lenders to find the one that gives you the lowest rate and fees.

Second, lenders typically extend lower rates to people with higher credit scores, lower debt-to-income (DTI) ratios, and considerable down payments. If you can save more or pay down debt before securing a mortgage, a lender will probably give you a better interest rate.

What factors can you not control? In short, the economy.

The list of ways the economy impacts mortgage rates is long, but here are the basic details. If the economy — for example, employment rates — is struggling, mortgage rates decrease to encourage borrowing, which helps boost the economy. If the economy is strong, mortgage rates go up to temper spending.

With all other factors being equal, mortgage refinance rates are typically slightly higher than purchase rates. So don’t be surprised if your refinance rate is higher than you may have expected.

30-year vs. 15-year fixed mortgage rates

Two of the most common mortgage terms are 30-year and 15-year fixed-rate mortgages. Both lock in your rate for the entire loan term.

A 30-year mortgage is popular because it has relatively low monthly payments. But it comes with a higher interest rate than shorter terms, and because you’re accumulating interest for three decades, you’ll pay a lot of interest in the long run.

A 15-year mortgage can be a good choice because it has a lower rate than you’ll get with longer terms, so you’ll pay less in interest over the years. You’ll also pay off your mortgage much faster. But your monthly payments will be higher because you’re paying off the same loan amount in half the time.

Basically, 30-year mortgages are more affordable from month to month, while 15-year mortgages are cheaper in the long run.

Current mortgage rates: FAQs

What bank is offering the lowest mortgage rates?

According to Yahoo Finance’s weekly survey of lenders with the lowest rates, some of the banks with the lowest median mortgage rates include Chase and Citibank, among others. However, it’s a good idea to shop around for the best rate, not just with banks, but also with credit unions and companies specializing in mortgage lending.

Is 2.75% a good mortgage rate?

Yes, 2.75% is an amazing mortgage rate. You’re unlikely to get a 2.75% rate in today’s market unless you take on an assumable mortgage from a seller who locked in this rate in 2020 or 2021, when rates were at all-time lows.

What is the lowest-ever mortgage rate?

According to Freddie Mac, the lowest-ever 30-year fixed mortgage rate was 2.65%. This was the national average in January 2021. It is extremely unlikely that rates will dip below 3% again anytime soon.

At what rate should you refinance your mortgage?

Some experts say it’s worth refinancing when you can lock in a rate that’s 2% less than your current mortgage rate. Others say 1% is the magic number. It all depends on your financial goals when refinancing, how long you plan to stay in the same house, and on your break-even point after paying the refinance closing costs.

The US Commodity Futures Trading Commission (CFTC) has issued a no-action position expanding regulatory relief for what it describes as “passive software” providers—entities that connect users to CFTC-registered derivatives firms and exchanges without taking on the role of regulated intermediaries.

In a no-action letter released Thursday, the agency’s Market Participants Division said it would not recommend enforcement against qualifying providers or their personnel for failing to register as introducing brokers or associated persons, provided they meet specific conditions that limit discretion over users’ trading decisions. The move is expected to lower compliance friction for crypto wallets and other applications that want to link users to regulated venues, including derivatives such as perpetual contracts and prediction markets.

Key takeaways

• The CFTC’s no-action stance covers “passive software” that facilitates trading with CFTC-registered firms and exchanges without triggering introducing broker or associated person registration—if conditions are met.
• Eligibility hinges on limiting provider discretion, including restrictions on exercising judgment over users’ orders.
• The guidance builds on an earlier relief letter for Phantom Technologies’ self-custodial wallet software, extending the framework to a broader set of passive software use cases.
• The announcement arrives shortly after the CLARITY Act failed to advance in the US Senate, while CFTC and SEC leadership reiterated plans to proceed under existing regulatory authority.

What the CFTC is granting, and who it’s for

The Thursday no-action position is aimed at software providers that act as a technical bridge between end-users and regulated derivatives infrastructure. According to the CFTC, the Market Participants Division will not recommend enforcement for qualifying providers—or their personnel—if they facilitate trading with CFTC-registered entities and exchanges, but do not cross into intermediary functions that would require registration as an introducing broker or an associated person.

The crux of the relief is that the software must remain “passive.” The CFTC’s letter indicates that qualification requires conditions designed to keep the provider’s role constrained—for example, by restricting how much discretion the software provider can exert over user orders.

This distinction matters for crypto product design. Many wallets, onchain apps, and trading interfaces can be configured to route users toward regulated marketplaces. Without relief, providers may face the argument that they are effectively brokering or advising, even if they are not taking custody of assets or manually placing trades themselves.

From Phantom’s wallet software to a wider passive-software rule

The new position extends a similar approach previously granted by the CFTC. In March, the agency issued a no-action letter to Phantom Technologies covering its self-custodial crypto wallet software, subject to conditions. The earlier letter allowed Phantom—again, under defined constraints—to provide and market software that connects users with registered futures brokers and exchanges without registering as an introducing broker.

In July, Phantom and the Hyperliquid Policy Center also advocated for broader protections from the CFTC. Their request focused on shielding non-custodial wallet providers from introducing broker requirements and clarifying how existing rules apply when blockchain developers and regulated derivatives firms use onchain infrastructure. The Thursday move suggests at least part of that line of reasoning is being carried forward: the CFTC is treating certain software-mediated connections to regulated trading venues as distinct from regulated brokerage activity.

While the no-action letters are not blanket permission for every conceivable integration, the pattern is clear: regulators appear willing to carve out compliance space for interfaces that limit discretion and do not function as intermediaries in the traditional sense.

Regulatory momentum after the CLARITY Act setback

The CFTC’s decision comes just two days after the CLARITY Act failed to advance in the US Senate. A cloture motion received 49 votes—short of the 60 needed to move forward to debate, according to the reporting referenced in the original coverage.

After that vote, both CFTC Chair Michael Selig and Securities and Exchange Commission Chair Paul Atkins indicated their agencies would keep working on crypto-related regulation using existing authority. Selig said the CFTC is “locked in and ready to ship its rules for the new frontier of finance,” as referenced in a post on X. Atkins said the SEC would act “with or without legislation” to provide regulatory certainty for digital assets, also referenced via X.

Thursday’s actions reflect that stated resolve. Alongside the CFTC’s no-action position, the SEC approved a temporary exemption permitting qualifying platforms to facilitate limited onchain trading of tokenized US stocks through permissioned automated market makers and liquidity pools, according to the cited coverage.

Why this matters for crypto wallets and derivatives access

For builders and operators, the operational takeaway is that the compliance burden may be reduced when software design keeps the provider away from discretionary trading decisions. In practical terms, the CFTC’s relief signals that developers can build user-facing routing or connectivity layers—potentially including wallet functionality or other application interfaces—without automatically inheriting introducing broker registration obligations, so long as they adhere to the conditions laid out in the no-action framework.

For traders and users, the downstream effect could be smoother access to regulated derivatives-like products through familiar interfaces. If software providers can integrate with CFTC-regulated firms and exchanges more easily, users may encounter fewer friction points when seeking exposure to compliant venues—whether those venues involve perpetual derivatives or other CFTC-regulated market structures such as prediction markets.

Still, the relief is not unlimited. The CFTC’s letter makes clear that qualification depends on meeting the “passive” requirements, including limits on discretion over orders. Observers will likely watch how broadly “passive” is interpreted in future guidance and how regulators evaluate real-world products where user interaction can blur the line between simple routing and active brokerage decision-making.

Next, the industry will be looking for further clarity on how these “passive software” principles apply across different architectures—especially as more crypto applications seek integration with regulated derivatives platforms—while also monitoring whether lawmakers’ failure to move the CLARITY Act shifts the pace and direction of agency rulemaking.