Freddie Mac's Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage averaged 7.40% as of October 8, 2026, up from 7.28% last week and 6.30% a year ago. The 15-year fixed-rate mortgage averaged 6.73%, up from 6.60% last week and 5.53% a year earlier. Chief Economist Sam Khater said that as market conditions continue to evolve, borrowers should remember that shopping around for a mortgage rate and getting multiple quotes can potentially save them thousands over the loan's lifetime. The survey tracks conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.
Freddie MacFreddie Mac's survey reports the 30-year mortgage rate rising to 7.40%, but the article gives no stated cause for the move.
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