Housing · October 20, 2026 · 1 min read

Freddie Mac: 30-year mortgage rate holds at 7.40%, 15-year slips to 6.71%

Published October 20, 2026 • Updated October 20, 2026

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Freddie Mac's Primary Mortgage Market Survey for the week of October 15, 2026 held the 30-year fixed rate at 7.40% for a second week, while the 15-year averaged 6.71%, down from 6.73%. A year ago the 30-year averaged 6.27%.

The average 30-year fixed-rate mortgage held at 7.40% in Freddie Mac's Primary Mortgage Market Survey for the week of October 15, 2026, unchanged from the prior week, according to the survey published on freddiemac.com. The 15-year fixed-rate mortgage averaged 6.71%, down from 6.73% the previous week. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.27% and the 15-year averaged 5.52%, leaving current borrowing costs well above year-ago levels. The Primary Mortgage Market Survey is Freddie Mac's long-running weekly average of rates offered to borrowers for conforming, conventional home purchase loans. The October 15 survey is the most recent reading; the next weekly release is due the week of October 22.

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