The US 30-year fixed-rate mortgage averaged 7.28% as of October 1, 2026, up from 7.03% the previous week and 6.34% a year earlier. Freddie Mac Chief Economist Sam Khater said the housing market continues to be supported by favorable economic conditions as mortgage rates remain elevated. The 15-year fixed-rate mortgage averaged 6.60%, up from 6.42% a week earlier.