The average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers.

• The 30-year fixed-rate mortgage averaged 7.32% as of October 22, 2026, down from last week when it averaged 7.40%. A year ago at this time, the 30-year FRM averaged 6.19%.
• The 15-year fixed-rate mortgage averaged 6.68%, down from last week when it averaged 6.71%. A year ago at this time, the 15-year FRM averaged 5.44%.

Information provided by Freddie Mac.

The average 30-year fixed-rate mortgage remained unchanged this week.

• The 30-year fixed-rate mortgage averaged 7.40% as of October 15, 2026, unchanged from last week. A year ago at this time, the 30-year FRM averaged 6.27%.
• The 15-year fixed-rate mortgage averaged 6.71%, down from last week when it averaged 6.73%. A year ago at this time, the 15-year FRM averaged 5.52%.

Information provided by Freddie Mac.