Key facts
- The average 30-year fixed-rate mortgage was 7.40% as of October 15, 2026.
- The 15-year fixed-rate mortgage averaged 6.71% as of October 15, 2026.
The average 30-year fixed-rate mortgage held steady at 7.40% as of October 15, 2026, according to Freddie Mac's Primary Mortgage Market Survey. This rate is unchanged from the previous week and significantly higher than the 6.27% recorded a year prior. The 15-year fixed-rate mortgage averaged 6.71%, down slightly from 6.73% last week but still higher than the 5.52% from a year ago. These elevated rates continue to challenge housing affordability for prospective buyers, compounded by high home prices.