Updated

Mortgage rates this week: Freddie Mac 30-year and 15-year averages

Freddie Mac's average 30-year fixed rate was 7.24% for the week of October 29, 2026, down 0.08 points from the week before and up 1.07 points from a year earlier. The 15-year average was 6.60%.

30-year fixed average, week of Oct 29, 2026
7.24%
−0.08 from last week
+1.07 from a year ago
15-year fixed average, week of Oct 29, 2026
6.60%
−0.08 from last week
+1.19 from a year ago

30-year and 15-year averages over the last 2 years

Since October 2024, the 30-year average has ranged from 5.98% to 7.40% and the 15-year from 5.35% to 6.73%. The 15-year rate is usually lower, in exchange for a higher monthly payment.

  • 30-year fixed
  • 15-year fixed
Freddie Mac 30-year and 15-year fixed averages, weekly, October 31, 2024 to October 29, 2026Two lines. The 30-year average moves from 6.72% to 7.24% and the 15-year from 5.99% to 6.60%. The table below lists the last 12 weeks.5%5.5%6%6.5%7%7.5%8%Jan 2025Jul 2025Jan 2026Jul 20267.24%6.60%Freddie Mac 30-year and 15-year fixed averages, weekly, October 31, 2024 to October 29, 2026Two lines. The 30-year average moves from 6.72% to 7.24% and the 15-year from 5.99% to 6.60%. The table below lists the last 12 weeks.5%5.5%6%6.5%7%7.5%8%Jan 2025Apr 2025Jul 2025Oct 2025Jan 2026Apr 2026Jul 2026Oct 20267.24%6.60%

Point at the chart to read any week.

Source: Freddie Mac Primary Mortgage Market Survey, via FRED (MORTGAGE30US, MORTGAGE15US). Weekly data through October 29, 2026.

All 105 weeks as a table
Freddie Mac weekly averages, newest first
Week of30-year15-year
Oct 29, 20267.24%6.60%
Oct 22, 20267.32%6.68%
Oct 15, 20267.40%6.71%
Oct 8, 20267.40%6.73%
Oct 1, 20267.28%6.60%
Sep 24, 20267.03%6.42%
Sep 17, 20266.95%6.26%
Sep 10, 20266.76%6.09%
Sep 3, 20266.71%6.04%
Aug 27, 20266.66%5.98%
Aug 20, 20266.65%5.95%
Aug 13, 20266.67%5.96%
Aug 6, 20266.69%6.01%
Jul 30, 20266.66%6.04%
Jul 23, 20266.58%5.96%
Jul 16, 20266.55%5.93%
Jul 9, 20266.49%5.82%
Jul 2, 20266.43%5.79%
Jun 25, 20266.49%5.84%
Jun 18, 20266.47%5.81%
Jun 11, 20266.52%5.84%
Jun 4, 20266.48%5.79%
May 28, 20266.53%5.87%
May 21, 20266.51%5.85%
May 14, 20266.36%5.71%
May 7, 20266.37%5.72%
Apr 30, 20266.30%5.64%
Apr 23, 20266.23%5.58%
Apr 16, 20266.30%5.65%
Apr 9, 20266.37%5.74%
Apr 2, 20266.46%5.77%
Mar 26, 20266.38%5.75%
Mar 19, 20266.22%5.54%
Mar 12, 20266.11%5.50%
Mar 5, 20266.00%5.43%
Feb 26, 20265.98%5.44%
Feb 19, 20266.01%5.35%
Feb 12, 20266.09%5.44%
Feb 5, 20266.11%5.50%
Jan 29, 20266.10%5.49%
Jan 22, 20266.09%5.44%
Jan 15, 20266.06%5.38%
Jan 8, 20266.16%5.46%
Dec 31, 20256.15%5.44%
Dec 24, 20256.18%5.50%
Dec 18, 20256.21%5.47%
Dec 11, 20256.22%5.54%
Dec 4, 20256.19%5.44%
Nov 26, 20256.23%5.51%
Nov 20, 20256.26%5.54%
Nov 13, 20256.24%5.49%
Nov 6, 20256.22%5.50%
Oct 30, 20256.17%5.41%
Oct 23, 20256.19%5.44%
Oct 16, 20256.27%5.52%
Oct 9, 20256.30%5.53%
Oct 2, 20256.34%5.55%
Sep 25, 20256.30%5.49%
Sep 18, 20256.26%5.41%
Sep 11, 20256.35%5.50%
Sep 4, 20256.50%5.60%
Aug 28, 20256.56%5.69%
Aug 21, 20256.58%5.69%
Aug 14, 20256.58%5.71%
Aug 7, 20256.63%5.75%
Jul 31, 20256.72%5.85%
Jul 24, 20256.74%5.87%
Jul 17, 20256.75%5.92%
Jul 10, 20256.72%5.86%
Jul 3, 20256.67%5.80%
Jun 26, 20256.77%5.89%
Jun 18, 20256.81%5.96%
Jun 12, 20256.84%5.97%
Jun 5, 20256.85%5.99%
May 29, 20256.89%6.03%
May 22, 20256.86%6.01%
May 15, 20256.81%5.92%
May 8, 20256.76%5.89%
May 1, 20256.76%5.92%
Apr 24, 20256.81%5.94%
Apr 17, 20256.83%6.03%
Apr 10, 20256.62%5.82%
Apr 3, 20256.64%5.82%
Mar 27, 20256.65%5.89%
Mar 20, 20256.67%5.83%
Mar 13, 20256.65%5.80%
Mar 6, 20256.63%5.79%
Feb 27, 20256.76%5.94%
Feb 20, 20256.85%6.04%
Feb 13, 20256.87%6.09%
Feb 6, 20256.89%6.05%
Jan 30, 20256.95%6.12%
Jan 23, 20256.96%6.16%
Jan 16, 20257.04%6.27%
Jan 9, 20256.93%6.14%
Jan 2, 20256.91%6.13%
Dec 26, 20246.85%6.00%
Dec 19, 20246.72%5.92%
Dec 12, 20246.60%5.84%
Dec 5, 20246.69%5.96%
Nov 27, 20246.81%6.10%
Nov 21, 20246.84%6.02%
Nov 14, 20246.78%5.99%
Nov 7, 20246.79%6.00%
Oct 31, 20246.72%5.99%

The last 12 weeks

Change is in percentage points from the week before.

Freddie Mac 30-year and 15-year averages, last 12 weeks, newest first
Week of30-yearChange15-yearChange
7.24% −0.08 6.60% −0.08
7.32% −0.08 6.68% −0.03
7.40% 0.00 6.71% −0.02
7.40% +0.12 6.73% +0.13
7.28% +0.25 6.60% +0.18
7.03% +0.08 6.42% +0.16
6.95% +0.19 6.26% +0.17
6.76% +0.05 6.09% +0.05
6.71% +0.05 6.04% +0.06
6.66% +0.01 5.98% +0.03
6.65% −0.02 5.95% −0.01
6.67% −0.02 5.96% −0.05

What this week's rates mean for refinancing

A refinance replaces your mortgage with a new loan, so two things decide whether it pays: how far below your current rate a new rate would be, and how many months of lower payments it takes to earn back the closing costs. This week's averages are a benchmark for the first question.

Example: $300,000 over 30 years, principal and interest
Current rate of 8.24%1 point above this week's 30-year average
$2,252
New rate of 7.24%This week's 30-year average
$2,044
Lower payment each month
$207

Freddie Mac says refinancing typically costs 3% to 6% of the loan. At 3%, or $9,000 here, the lower payment takes about 44 months to cover the costs, so the refinance pays off only if you keep the loan longer than that. Starting a new 30-year term also adds years of payments.

The survey reflects borrowers with excellent credit who put 20% down on a home purchase, so the rate a lender offers you may differ. If you want cash from your equity and already have a low rate, a HELOC lets you borrow without replacing your mortgage.

How Freddie Mac measures these averages

Freddie Mac publishes its Primary Mortgage Market Survey every Thursday. The averages come from mortgage applications submitted to Freddie Mac by lenders across the country, for conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. They are national averages, so rates in your state and for your loan can differ.

Frequently asked questions

What are mortgage rates this week?

For the week of October 29, 2026, Freddie Mac's average 30-year fixed rate was 7.24% and the 15-year fixed average was 6.60%. These are national averages from its Primary Mortgage Market Survey.

Are mortgage rates going up or down?

This week the 30-year average is down 0.08 points from last week and up 1.07 points from a year ago. Over the last 2 years it ranged from 5.98% to 7.40%. This page reports the survey each week and does not forecast where rates go next.

Is the Freddie Mac average the rate I would get?

It is a benchmark. The survey reflects borrowers with excellent credit who put 20% down on a home purchase, so your rate can be higher or lower depending on your credit, your equity, the loan type and any points you pay. LenderMatch does not set or quote rates; lenders you are matched with make their own offers.

How much does a 1 point lower rate save when refinancing?

On a $300,000, 30-year loan, going from 8.24% to 7.24% lowers principal and interest by about $207 a month. If closing costs are 3% of the loan ($9,000), it takes about 44 months of savings to earn them back.

When do these rates update?

Freddie Mac publishes the survey every Thursday. This page checks for new data every morning, so a new week shows up here within a day of its release.

Keep reading

Compare your current payment to a new one and see how long a refinance takes to pay off.

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Sources

  • Freddie Mac, Primary Mortgage Market Survey: 30-year and 15-year fixed rate mortgage averages in the United States, retrieved from FRED, Federal Reserve Bank of St. Louis, series MORTGAGE30US and MORTGAGE15US, week of October 29, 2026.
  • Freddie Mac, Primary Mortgage Market Survey methodology, freddiemac.com/pmms (accessed October 22, 2026).
  • Freddie Mac My Home, “Understanding the costs of refinancing” (accessed October 22, 2026): costs of 3% to 6% of the loan principal.

Last reviewed October 22, 2026. These are published national averages. They are not rate quotes or offers from LenderMatch or any lender. LenderMatch is not a lender and does not make loans or credit decisions.