The US 30-year fixed-rate mortgage averaged 7.4% as of October 8th, 2026, rising further above 7% to reach its highest level since November 2023 and up from 7.28% in the previous week. This marks the seventh consecutive week with rate increases, as an intensifying selloff in the bond market amid expectations of higher-for-longer interest rates has kept 10-Year Treasury yields at their highest level in decades. Mortgage rates tend to closely track these these sovereign yields, pushing borrowing costs higher for homebuyers. A year ago, the the 30-year fixed-rate mortgage averaged 6.3%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.73%, its highest level since May 2024, up from 6.6% last week. source: Freddie Mac
30 Year Mortgage Rate in the United States increased to 7.40 percent in October 8 from 7.28 percent in the previous week. 30 Year Mortgage Rate in the United States averaged 7.68 percent from 1971 until 2026, reaching an all time high of 18.63 percent in October of 1981 and a record low of 2.65 percent in January of 2021. This page includes a chart with historical data for the United States 30 Year Mortgage Rate. United States 30-Year Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.