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All • October 29, 2026

30-Year Mortgage Rates Average 7.24% This Week.

by Rodney Ward

Freddie Mac today released the results of its Primary Mortgage Market Survey® , showing the 30-year fixed-rate mortgage (FRM) averaged 7.24%.

“The average 30-year fixed-rate mortgage declined again this week, reaching its lowest level this month and modestly boosting purchasing power for prospective buyers,” said Sam Khater, Freddie Mac’s Chief Economist.

  • The 30-year FRM averaged 7.24% as of October 29, 2026, down from last week when it averaged 7.32%. A year ago at this time, the 30-year FRM averaged 6.17%.
  • The 15-year FRM averaged 6.60%, down from last week when it averaged 6.68%. A year ago at this time, the 15-year FRM averaged 5.41%.

The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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