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Mortgage Rates Average 7.28%

October 1, 2026 / Source: Freddie Mac

MCLEAN, Va., Oct. 01, 2026 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.28%.

“With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions,” said Sam Khater, Freddie Mac’s Chief Economist.

News Facts

  • The 30-year FRM averaged 7.28% as of October 1, 2026, up from last week when it averaged 7.03%. A year ago at this time, the 30-year FRM averaged 6.34%.
  • The 15-year FRM averaged 6.60%, up from last week when it averaged 6.42%. A year ago at this time, the 15-year FRM averaged 5.55%.

The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.