US 30 year mortgage rate at 7.40%, highest since November 2023
A weekly reading from Freddie Mac (Primary Mortgage Market Survey), compared with the full history of the series.
Snapshot
The average US 30 year fixed mortgage rate was 7.40% on Oct 8, 2026, the highest reading since Nov 16, 2023, more than 2 years ago.
- Independent Research
What We Know
The previous reading was 7.28% on Oct 1, 2026, so the latest is up 12 basis points. A year earlier it was 6.34%; it is up 106 basis points since. The record high in the data is 18.63% on Oct 9, 1981.
Octans View
This is a level record for the series, not a forecast: it says the average US 30 year fixed mortgage rate is higher than at any point in more than 2 years of readings, and nothing about where it goes next.
Bear Case · Room for Disagreement
Limits. The comparison uses published readings, not intraday levels, and only the history this source carries. Method and source. Octans Research computes the record from the full history of Federal Reserve Bank of St. Louis (FRED) series MORTGAGE30US; the running page "Where the average US 30 year fixed mortgage rate stands versus its history" tracks the series every day. No model wrote this text.
Sources
- [1]Federal Reserve Bank of St. Louis (FRED) — US 30 year mortgage rate, full history (series MORTGAGE30US)
These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.
7.28%
4 reports
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Where the average US 30 year fixed mortgage rate stands versus its history
The average US 30 year fixed mortgage rate was 7.40% on Oct 15, 2026, in the upper third of its 12 month range. Updated when Freddie Mac (Primary Mortgage Market Survey) publishes a new reading.