The average rate on a 30-year fixed mortgage in the US fell to 7.37% in the week ending October 23, marking a second consecutive weekly decline and providing some relief to prospective homebuyers and homeowners considering refinancing. The easing in borrowing costs helped lift overall mortgage application volume by 3.4% from the previous week, according to the Mortgage Bankers Association. Applications to refinance existing loans increased 3%, while applications for home purchases rose 4%. However, mortgage costs remain elevated compared with historical levels, with rates still more than one percentage point above those recorded during the same period last year. Many existing homeowners also continue to benefit from significantly lower rates secured before the recent rise in borrowing costs, limiting the incentive to refinance. Meanwhile, rising home prices continue to challenge affordability, meaning that the recent decline in mortgage rates may offer only modest relief to buyers. source: Mortgage Bankers Association of America

Fixed 30-year mortgage rates in the United States averaged 7.37 percent in the week ending October 23 of 2026. Mortgage Rate in the United States averaged 6.09 percent from 1990 until 2026, reaching an all time high of 10.56 percent in April of 1990 and a record low of 2.85 percent in December of 2020. This page provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States MBA 30-Yr Mortgage Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

Fixed 30-year mortgage rates in the United States averaged 7.37 percent in the week ending October 23 of 2026. Mortgage Rate in the United States is expected to be 6.91 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States MBA 30-Yr Mortgage Rate is projected to trend around 7.05 percent in 2027 and 7.19 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-10-21 11:00 AM
MBA 30-Year Mortgage Rate
Oct/16 7.41% 7.5%
2026-10-28 11:00 AM
MBA 30-Year Mortgage Rate
Oct/23 7.37% 7.41%
2026-11-04 12:00 PM
MBA 30-Year Mortgage Rate
Oct/30 7.37%


Related Last Previous Unit Reference
15-Year Mortgage Rate 6.68 6.71 percent Oct 2026
30-Year Mortgage Rate 7.32 7.40 percent Oct 2026
Average Mortgage Size 374.72 373.19 Thousand USD Sep 2026
MBA Mortgage Market Index 195.00 188.60 points Oct 2026
MBA Mortgage Refinance Index 516.80 503.10 points Oct 2026
MBA Purchase Index 134.10 129.20 points Oct 2026
MBA Mortgage Applications 3.40 -5.30 percent Oct 2026
MBA 30-Year Mortgage Rate 7.37 7.41 percent Oct 2026


United States MBA 30-Yr Mortgage Rate
MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.
Actual Previous Highest Lowest Dates Unit Frequency
7.37 7.41 10.56 2.85 1990 - 2026 percent Weekly

News Stream
US 30-Year Mortgage Rates Fall for 2nd Week
The average rate on a 30-year fixed mortgage in the US fell to 7.37% in the week ending October 23, marking a second consecutive weekly decline and providing some relief to prospective homebuyers and homeowners considering refinancing. The easing in borrowing costs helped lift overall mortgage application volume by 3.4% from the previous week, according to the Mortgage Bankers Association. Applications to refinance existing loans increased 3%, while applications for home purchases rose 4%. However, mortgage costs remain elevated compared with historical levels, with rates still more than one percentage point above those recorded during the same period last year. Many existing homeowners also continue to benefit from significantly lower rates secured before the recent rise in borrowing costs, limiting the incentive to refinance. Meanwhile, rising home prices continue to challenge affordability, meaning that the recent decline in mortgage rates may offer only modest relief to buyers.
2026-10-28
US Mortgage Rates Fall for 1st Time in 11 Weeks
The average 30-year fixed mortgage rate fell by 9 basis points to 7.41% in the week ended October 16, 2026, according to the Mortgage Bankers Association. This marked the first decline in borrowing costs in 11 weeks, following eight consecutive weeks of increases, as Treasury yields fell amid a flight to safety and growing expectations that the Federal Reserve would leave interest rates unchanged this month. Meanwhile, total mortgage applications dropped 5.3%, extending their decline to a seventh consecutive week. Refinancing applications fell by 2%, while applications for home purchases tumbled 7.3%.
2026-10-21
US Mortgage Rates Rise for 8th Straight Week
The average 30-year fixed mortgage rate edged up 1 basis points to 7.5% in the week ended October 9, 2026, according to the Mortgage Bankers Association. It marked an eighth straight weekly increase, bringing the cumulative rise to 141 basis points since US-Israeli strikes against Iran began in late February. Borrowing costs continue to track elevated US Treasury yields amid expectations that the Federal Reserve will need to keep interest rates higher for longer to bring inflation under control. This upward movement has weighed heavily on the housing sector. Total mortgage applications fell 2.7%, extending their decline to a sixth consecutive week. Refinancing applications dropped 0.4%, while purchase applications fell 4%.
2026-10-14