30-year fixed mortgage rates today average 7.52–7.56% on October 7, 2026, with Freddie Mac at 7.28% and FRED data showing a 1.97% spread over the 10-year Treasury.
As of October 7, 2026, the 30-year fixed mortgage rate stands at 7.56% according to Mortgage News Daily and 7.52% according to Freddie Mac. Bankrate reports the same 7.52% figure for jumbo loans and 7.56% for standard conforming loans. The refinance rate for a 30-year fixed mortgage is 7.43% per Bankrate.
FRED data released October 1, 2026 shows the 30-year fixed rate at 7.28%, the 15-year fixed at 6.60%, the 10-year Treasury yield at 5.31%, and a mortgage-to-Treasury spread of 1.97%.
Freddie Mac’s weekly survey released October 1, 2026 reported the 30-year fixed-rate mortgage averaged 7.28%, up 25 basis points from 7.03% the prior week. One year earlier, the same product averaged 6.34%. The 15-year fixed-rate mortgage averaged 6.60%, up 18 basis points from 6.42% the previous week.
Mortgage News Daily’s daily index shows the 30-year fixed rate at 7.56% on October 7, down five basis points from the prior session. The 15-year fixed index sits at 7.22%.
| Product | Interest Rate | APR |
|---|---|---|
| 30-Year Fixed Rate | 7.52% | 7.58% |
| 20-Year Fixed Rate | 7.41% | 7.52% |
| 15-Year Fixed Rate | 6.80% | 6.91% |
| 10-Year Fixed Rate | 6.85% | 6.96% |
| 30-Year Fixed Rate FHA | 7.23% | 7.29% |
| 30-Year Fixed Rate VA | 7.26% | 7.32% |
Data as of October 7, 2026.
Bankrate lists the current 30-year fixed refinance rate at 7.43%. Borrowers evaluating cash-out or rate-and-term refinances can run live scenarios at HomeRates.ai to compare lender pricing against the national average.
While national averages provide a benchmark, individual metro areas can vary by 15–40 basis points. Redfin data shows markets such as Austin, TX and Phoenix, AZ currently posting averages 12 basis points above the national 30-year fixed rate, while Minneapolis, MN and Pittsburgh, PA sit 9 basis points below.
The 10-year Treasury yield at 5.31% (FRED, October 1) remains the primary anchor. Mortgage spreads have widened to 1.97%, reflecting elevated credit risk premiums and servicing costs. Additional pressure comes from the Federal Reserve’s balance-sheet runoff and seasonal supply dynamics in the housing market.
Mortgage rates today sit near multi-month highs, with the 30-year fixed averaging 7.52–7.56%. Borrowers locking in this week should compare multiple lenders and consider rate buydowns, as even a 0.25% reduction can save tens of thousands over a 30-year term.
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