According to Freddie Mac, the average 30-year fixed mortgage rate fell to 7.32% from 7.40% last week, its first pullback since late August, though still above 6.19% a year ago. The 15-year fixed rate eased to 6.68% from 6.71%. Rates have climbed since late February, when the U.S. war with Iran began, driven by higher oil prices, inflation and bond market volatility. The 10-year Treasury yield, which rates generally follow, hit its highest level since 2002 before easing in recent weeks. The rise has added roughly $355 a month to the cost of a $400,000 loan and has contributed to stalled U.S. home sales this year. Fannie Mae projects the 30-year rate will average 7.4% in the fourth quarter of this year and 7.5% in 2027.
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Related tickers and likely impact
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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