According to Freddie Mac, the average 30-year fixed mortgage rate fell to 7.32% from 7.40% last week, its first decline since late August, though it was 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 and pushed up oil prices and inflation, and the 10-year Treasury yield, which guides mortgage pricing, 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 helped keep U.S. home sales stalled this year. Fannie Mae projects the 30-year rate will average 7.4% in the final quarter of 2026 and 7.5% in 2027.
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DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
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Related news
- Average mortgage rate eases to 7 . 32 %, first pullback since late August
Freddie Mac said the average 30-year fixed mortgage rate fell to 7.32% from 7.40% last week, the first weekly decline since late August, though it remains above 6.19% a year ago. The 15-year fixed rate, often chosen by borrowers refinancing, eased to 6.68% from 6.71%. Rates have climbed since late February, when the U.S. war with Iran began and pushed oil prices and inflation higher, and they generally track the 10-year Treasury yield, which has eased in recent weeks after hitting its highest level since 2002. The rise has added about $355 a month to the cost of a $400,000 home loan, and home sales remain stalled. Fannie Mae forecasts the 30-year rate will average 7.4% in the fourth quarter of 2026 and 7.5% in 2027.
- Average long-term US mortgage rate eases to 7.32% in first pullback since late August
Freddie Mac said the benchmark 30-year fixed mortgage fell to 7.32% from 7.40% last week, the first weekly decline since late August, though it was 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 and pushed up oil prices and inflation, and the 10-year Treasury yield surged above 5.30% earlier this month before easing to around 5% on Thursday. The rise has added about $355 a month to the cost of a $400,000 loan and has stalled U.S. home sales. Fannie Mae projects the 30-year rate will average 7.4% in the fourth quarter and 7.5% in 2027.
- Average mortgage rate eases to 7 . 32 %, first pullback since late August
Freddie Mac said the average 30-year fixed mortgage rate eased to 7.32% this week from 7.40% last week, its first pullback since late August, though it remains well above 6.19% a year ago. The 15-year fixed rate dipped to 6.68% from 6.71%, compared with 5.44% a year earlier. Rates have climbed since late February, when the U.S. war with Iran began and pushed up oil prices and inflation, and they generally track the 10-year Treasury yield, which has eased in recent weeks after reaching its highest level since 2002. The rise has added roughly $355 a month to payments on a $400,000 loan, and Fannie Mae projects the 30-year rate will average 7.4% in the fourth quarter and 7.5% in 2027.
- Mortgage Rates Today , Wednesday , October 21 : Basically Stable
The average rate on a 30-year fixed-rate mortgage rose to 7.24% APR, according to rates NerdWallet obtained from Zillow. That is one basis point above yesterday and eight basis points below a week ago, so the article calls rates essentially stable. Rates had dropped recently as bond prices rose and yields fell, because some investors moved to bonds amid doubts that tech firms' profits can cover AI spending. Mortgage rates generally track the 10-year Treasury note yield, and the article says it is too early to call a decisive turn. Refinancing may make sense if today's rates are at least 0.5 to 0.75 percentage points below your current rate, or if your current rate is around 7.74% or higher.
- Today mortgage rates : Posted rates moved at 5 of 8 tracked lenders
Posted rates moved at 5 of 8 tracked lenders on Tuesday: Veterans United's VA 30-year fixed rose to 6.75% (+0.25), Rocket Mortgage and Bank of America both rose to 7.5% (+0.125), and AmeriSave's 15-year fixed rose to 5.375% (+0.125). The gap between the cheapest tracked 30-year rate (AmeriSave at 6.25%) and the most expensive (Rocket Mortgage at 7.5%) is 1.25 points, or about $334 a month on a $400,000 loan. Freddie Mac's national average 30-year fixed rate was 7.40% for the week ending October 15, 2026, unchanged from the prior week. The 10-year Treasury yield, the benchmark long-term mortgage rates most closely track, was 5.09% at its latest close, down 15 basis points over the week. RateZip's index shows September 2026 mortgage inquiries 4% lower than August but 99% higher than September 2025, with home-equity products (HELOC and reverse) making up 90% of inquiries over the three months through September.
- Today mortgage rates : Posted lender rates hold across the board
Eight lenders tracked by RateZip left all 27 posted rates unchanged on Monday. Freddie Mac's average 30-year fixed mortgage rate was 7.40% in the week ending October 15, 2026, unchanged from the prior week. Among posted 30-year rates, AmeriSave's 6.25% and New American Funding's 7.5% create a 1.25-point gap, worth about $334 a month on a $400,000 loan. The 10-year Treasury yield closed at 5.10%, down 12 basis points over the past week, while RateZip's Mortgage Demand Index showed September 2026 inquiries 4% lower than August but 99% higher than a year earlier.
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