30-year mortgage rate falls to 7.32%, ending a seven-week climb
Freddie Mac's weekly survey shows the first decline in two months, though rates remain more than a percentage point above a year ago.
The short answer
- 30-year fixed averaged 7.32% (week to Oct 22), down from 7.40%; a year ago 6.19%.
- 15-year fixed averaged 6.68%, down from 6.71%; a year ago 5.44%.
- The previous week's 7.40% was a three-year high.
The average 30-year fixed-rate mortgage fell to 7.32% in the week to October 22, down from 7.40% the week before, according to Freddie Mac's Primary Mortgage Market Survey. A year ago it averaged 6.19%.
The 15-year fixed-rate mortgage averaged 6.68%, down from 6.71%. A year ago it was 5.44%.
"The average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers," said Sam Khater, Freddie Mac's chief economist.
Realtor.com noted that the decline follows seven consecutive weeks of gains that had sent mortgage rates to three-year highs.
Sources
- Mortgage Rates Decrease to 7.32% — Freddie Mac
- Mortgage Rates Drop for First Time in 2 Months — Realtor.com
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- Published:
- 27 Oct 2026, 07:54 UTC
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- 27 Oct 2026, 07:54 UTC
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