Mortgage Rates This Week
The average 30-year fixed mortgage rate is 7.24% this week (Freddie Mac, October 29, 2026), down 0.08 point from last week. On a $300,000 loan that is about $2,044/month in principal and interest — check the payment before you talk to a lender.
Freddie Mac weekly average, week of October 29, 2026. A year ago: 30-yr 6.19%, 15-yr 5.44%.
Mortgage rates over the last 52 weeks
Oct 8, 20267.40%
Feb 26, 20265.98%
Oct 8, 20266.73%
Feb 19, 20265.35%
Monthly payment at this week's rates
| Loan amount | 30-yr at 7.24% | 15-yr at 6.60% |
|---|---|---|
| $300,000 | $2,044/mo | $2,630/mo |
| $400,000 | $2,726/mo | $3,506/mo |
| $300,000 a year ago | $1,835/mo | $2,442/mo |
| $400,000 a year ago | $2,447/mo | $3,256/mo |
Principal and interest only, on the loan amount (not the home price). Property tax, homeowners insurance, PMI and HOA dues come on top; add them in the full mortgage calculator. Total interest over the full term: $300,000 at 30 years $436,018, at 15 years $173,372; $400,000 at 30 years $581,357, at 15 years $231,162.
Your payment at today's average rate
Last 12 weeks
15-yr 6.60% · 30-yr change ▼ 0.08 pt7.24%
15-yr 6.68% · 30-yr change ▼ 0.08 pt7.32%
15-yr 6.71% · 30-yr change unchanged7.40%
15-yr 6.73% · 30-yr change ▲ 0.12 pt7.40%
15-yr 6.60% · 30-yr change ▲ 0.25 pt7.28%
15-yr 6.42% · 30-yr change ▲ 0.08 pt7.03%
15-yr 6.26% · 30-yr change ▲ 0.19 pt6.95%
15-yr 6.09% · 30-yr change ▲ 0.05 pt6.76%
15-yr 6.04% · 30-yr change ▲ 0.05 pt6.71%
15-yr 5.98% · 30-yr change ▲ 0.01 pt6.66%
15-yr 5.95% · 30-yr change ▼ 0.02 pt6.65%
15-yr 5.96%6.67%
Average mortgage rate by year
| Year | 30-yr avg | 15-yr avg |
|---|---|---|
| 2026 (43 wks) | 6.52% | 5.86% |
| 2025 | 6.60% | 5.78% |
| 2024 | 6.72% | 5.96% |
| 2023 | 6.81% | 6.11% |
| 2022 | 5.34% | 4.58% |
| 2021 | 2.96% | 2.27% |
| 2020 | 3.11% | 2.60% |
| 2019 | 3.94% | 3.39% |
| 2018 | 4.54% | 4.00% |
| 2017 | 3.99% | 3.27% |
| 2016 | 3.65% | 2.93% |
Average of Freddie Mac's weekly rates in each calendar year. Record high since 1971: 18.63% (Oct 9, 1981); record low: 2.65% (Jan 7, 2021).
More rates
Savings & CD ratesFDIC national averages for every account type›
Treasury yields todayDaily U.S. Treasury yield curve›
Mortgage payment calculatorWith taxes, insurance, PMI and HOA›
Compound interest calculatorSee how savings grow over time›
Questions & answers
What is the average 30-year mortgage rate this week?
7.24% for the week of October 29, 2026, according to Freddie Mac's Primary Mortgage Market Survey. That is down 0.08 point from last week and higher than a year ago (6.19%).
What is the average 15-year mortgage rate?
6.60% for the week of October 29, 2026 (Freddie Mac). A 15-year loan usually has a lower rate than a 30-year loan but a higher monthly payment, because you repay the principal twice as fast.
How much is the monthly payment on a $300,000 mortgage?
At this week's average 30-year rate of 7.24%, principal and interest on a $300,000 loan is about $2,044 a month; on a 15-year loan at 6.60% it is about $2,630. Taxes, insurance and any PMI are extra.
Will I get the rate shown here?
Not necessarily. Freddie Mac's average is for conventional, conforming home-purchase loans to borrowers with 20% down and excellent credit. Your rate depends on your credit score, down payment, loan type and size, points and the lender. Compare Loan Estimates from at least three lenders on the same day.
When are mortgage rates updated?
Freddie Mac publishes the survey every Thursday at 12 p.m. Eastern (Wednesday when Thursday is a federal holiday). This page updates automatically after each release.
Why do mortgage rates follow Treasury yields?
Lenders price 30-year fixed mortgages off long-term bond yields, especially the 10-year Treasury. See today's yields on the Treasury yields page.
Source: Freddie Mac, Primary Mortgage Market Survey® (weekly averages for conventional, conforming, fully amortizing home-purchase loans for borrowers who put 20% down and have excellent credit; released Thursdays at 12 p.m. ET). Rates are shown exactly as published. Monthly payments, yearly averages and changes are Tachlis calculations from Freddie Mac's figures. Updated automatically.