Mortgage rates today (30-year and 15-year fixed)
National average rates for conforming, conventional home loans for borrowers with strong credit, published every Thursday by Freddie Mac.
30-year fixed
7.40%
Data for: October 8, 2026
Previous: 7.28% (October 1, 2026)
15-year fixed
6.73%
Data for: October 8, 2026
Previous: 6.60% (October 1, 2026)
What it is
The Primary Mortgage Market Survey® (PMMS®) averages the rates lenders offer on first-lien, conforming, conventional mortgages for borrowers who put 20% down and have excellent credit. It has been published since 1971 and is the benchmark most news reports quote as "mortgage rates".
Why it matters
The rate decides most of your monthly payment: on a $400,000 loan, one percentage point changes the payment by roughly $250 a month on a 30-year loan. Mortgage rates usually track the 10-year Treasury yield plus a spread, so they move with inflation expectations and Fed policy. Your own offer depends on your credit score, down payment, points and the lender.
Recent history
| Date | 30-year fixed | 15-year fixed |
|---|---|---|
| October 8, 2026 | 7.40% | 6.73% |
| October 1, 2026 | 7.28% | 6.60% |
| September 24, 2026 | 7.03% | 6.42% |
| September 17, 2026 | 6.95% | 6.26% |
| September 10, 2026 | 6.76% | 6.09% |
| September 3, 2026 | 6.71% | 6.04% |
| August 27, 2026 | 6.66% | 5.98% |
| August 20, 2026 | 6.65% | 5.95% |
| August 13, 2026 | 6.67% | 5.96% |
| August 6, 2026 | 6.69% | 6.01% |
| July 30, 2026 | 6.66% | 6.04% |
| July 23, 2026 | 6.58% | 5.96% |
| July 16, 2026 | 6.55% | 5.93% |
| July 9, 2026 | 6.49% | 5.82% |
| July 2, 2026 | 6.43% | 5.79% |
| June 25, 2026 | 6.49% | 5.84% |
| June 18, 2026 | 6.47% | 5.81% |
| June 11, 2026 | 6.52% | 5.84% |
| June 4, 2026 | 6.48% | 5.79% |
| May 28, 2026 | 6.53% | 5.87% |
| May 21, 2026 | 6.51% | 5.85% |
| May 14, 2026 | 6.36% | 5.71% |
| May 7, 2026 | 6.37% | 5.72% |
| April 30, 2026 | 6.30% | 5.64% |
| April 23, 2026 | 6.23% | 5.58% |
| April 16, 2026 | 6.30% | 5.65% |
How to read
Latest: 7.40%
Where it comes from
Freddie Mac, Primary Mortgage Market Survey® (PMMS®)
Careful
Information, not advice
What to do
Compare with the related indicators
Reading the mortgage rates today (30-year and 15-year fixed) figure
What the latest mortgage rates today (30-year and 15-year fixed) reading says
The most recent value on this page is 7.40%, for October 8, 2026. Against the previous reading of 7.28%, that is +0.12% — a move up. Weekly, on Thursdays is how often Freddie Mac, Primary Mortgage Market Survey® (PMMS®) publishes it, so a single reading is a snapshot and not a trend. The 26 observations in the table above, from April 16, 2026 onwards, are what gives the figure context.
Where the mortgage rates today (30-year and 15-year fixed) figure sits in its own history
Across the 26 readings loaded here, the series moved between 6.23% and 7.40%. The latest value is the highest of that window, which is the kind of reading worth checking against a longer history before calling it a record. A window this short cannot show a cycle. It shows the direction of travel and the size of the usual swing, which is enough to tell a normal move from an unusual one, and no more than that.
Who sets the mortgage rates today (30-year and 15-year fixed) and who it affects in United States
Freddie Mac, Primary Mortgage Market Survey® (PMMS®) publishes the mortgage rates today (30-year and 15-year fixed) series, and the page links the exact dataset and its licence below. Nothing here is a second-hand copy: the figure above is read from that source and shown with the date the source gave it. People reach this page searching for "mortgage rates today", and the honest answer is the published figure plus its date. A national figure is an average: your own rate, bill or salary in United States will sit above or below it.
Glossary
Policy rate
The interest rate a central bank sets to steer the economy, and the floor under most other rates in that currency. It moves only when the rate-setting committee decides, so its history is a series of steps rather than a continuous line.
National average
A figure averaged over a whole country, and therefore not a quote for you. Your own mortgage rate, salary or grocery bill depends on your region, your lender or your shop and will sit above or below the average.
Basis point
One hundredth of a percentage point. Central banks and markets talk in basis points because "a 0.25 point cut" and "a 25 basis point cut" are the same thing, and the second wording leaves no room for doubt.
Real rate
An interest rate after inflation is taken out, roughly the quoted rate minus the inflation rate. A savings account paying less than inflation has a negative real rate, which means the money loses purchasing power.
Revision
A later correction of a published figure, as the statistics office receives more complete data. Values marked provisional or estimated are the ones most likely to change, which is why the page keeps the source flag.
Year-on-year inflation
The change in a price index against the same month a year earlier. It can fall while prices are still rising, because it measures the speed of the increase, not the level of prices.
Yield
The annual return an investor earns by lending money through a bond, expressed as a percentage of its price. Price and yield move in opposite directions: when a bond gets cheaper, its yield rises.
Update frequency: Weekly, on Thursdays
Information only, not financial advice. Figures come from the official source shown and may be revised.