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ARCHIVED EDITION · superseded 2026-10-16. This is a preserved past edition of a living page. Read the current edition.

Independent ResearchReferencemacroHighest SinceData Desk

A reference page, updated as the facts change rather than written once.

Press operators printing the first small-size U.S. currency at the Bureau of Engraving and Printing, 1929.
Source: National Photo Company Collection (Library of Congress), public domain, via Wikimedia Commons

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 8, 2026, its highest reading since Nov 16, 2023. Updated when Freddie Mac (Primary Mortgage Market Survey) publishes a new reading.

Octans ResearchPublished

Snapshot

The average US 30 year fixed mortgage rate was 7.40% on Oct 8, 2026, its highest reading since Nov 16, 2023. The highest reading in the data is 18.63% on Oct 9, 1981 and the lowest is 2.65% on Jan 7, 2021; the data starts on Apr 2, 1971.

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Independent Research
Prepared by
Octans Research
How produced
AI drafted from cited sources, automated checks
Sector
macro
As of

What We Know

  • Latest reading: 7.40% on Oct 8, 2026.
  • Previous reading: 7.28% on Oct 1, 2026, so the latest is up 12 basis points.
  • One year earlier: 6.34% on Oct 2, 2025; up 106 basis points since.
  • 12 month high: 7.40% on Oct 8, 2026. 12 month low: 5.98% on Feb 26, 2026.
  • 5 year high: 7.79% on Oct 26, 2023. 5 year low: 2.98% on Nov 10, 2021.
  • Highest since: the latest reading is the highest since Nov 16, 2023, the last time the series was at or above this level.
  • Lowest since: the latest reading is the lowest since Oct 1, 2026, the last time the series was at or below this level.
  • Highest in data back to Apr 2, 1971: 18.63% on Oct 9, 1981. Lowest: 2.65% on Jan 7, 2021.

Octans View

At 7.40%, the average US 30 year fixed mortgage rate is at its 12 month high. Over the past year it is up 106 basis points. The latest reading is the highest in more than 2 years.

Bear Case · Room for Disagreement

Limits. This page shows weekly readings, not intraday levels; a market can trade above or below them during a session. Freddie Mac (Primary Mortgage Market Survey) data reach FRED with a lag of about one week (it is published each Thursday), so the latest reading can trail the market. Records refer only to the history this source carries; older data from other sources may show higher or lower levels. Nothing here is a forecast.

Method and source. Octans Research computes every figure on this page from the full published history of Federal Reserve Bank of St. Louis (FRED) series MORTGAGE30US. "Highest since" is the last earlier date when the series was at or above the latest reading. The page is regenerated by a fixed template when a new reading is published; no model wrote it.

Chart

US 30 year mortgage rate, its highest reading since Nov 16, 2023 US 30 year mortgage rate, its highest reading since Nov 16, 2023: series rising from 3% to 7.4% (+4.4%) from 2021-10-14 to 2026-10-08. Scale 2% to 8%. 2%3%4%5%6%7%8% 2021-10-142026-10-08 US 30 YEAR MORTGAGE RATE, ITS HIGHEST READING SINCE NOV 16, 2023 +4.4% 7.4%
Source: Federal Reserve Bank of St. Louis (FRED) · As of 2026-10-08Indicative, not investment advice.

Sources

  1. [1]Federal Reserve Bank of St. Louis (FRED) — US 30 year mortgage rate, full weekly 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.

7.40%

• Latest reading: 7.40% on Oct 8, 2026 · What we know