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%. source: Mortgage Bankers Association of America

Fixed 30-year mortgage rates in the United States averaged 7.41 percent in the week ending October 16 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 7.41 percent in the week ending October 16 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
2026-10-14 11:00 AM
MBA 30-Year Mortgage Rate
Oct/09 7.5% 7.49%
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 7.41%


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 188.60 199.20 points Oct 2026
MBA Mortgage Refinance Index 503.10 513.50 points Oct 2026
MBA Purchase Index 129.20 139.30 points Oct 2026
MBA Mortgage Applications -5.30 -2.70 percent Oct 2026
MBA 30-Year Mortgage Rate 7.41 7.50 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
7.41 7.50 10.56 2.85 1990 - 2026 percent Weekly

News Stream
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
US 30-Year Mortgage Rates Hit 7.49%
The average 30-year fixed mortgage rate jumped another 19 basis points to 7.49% in the week ended October 2, following an 18-basis-point increase the previous week and reaching its highest level since late November 2023, according to the Mortgage Bankers Association. It marked a seventh straight weekly increase, bringing the cumulative rise to 140 basis points since US-Israeli strikes against Iran began in late February. The latest increase followed another rise in Treasury yields, with both 10-year and 30-year rates reaching their highest levels since 2002 amid persistent energy-driven inflation and expectations for at least one more Fed hike this year, followed by further tightening in 2027. Total mortgage applications fell 4.2%, extending their decline to a fifth consecutive week. Refinancing applications dropped 7.5%, while purchase applications fell 2.1%.
2026-10-07