The US 30-year fixed-rate mortgage averaged 7.32% as of October 22, 2026, remaining above the 7% threshold, but seeing a slight decline from its highest level since November 2023 reached over the previous two weeks. This marks the first decline in nine weeks, reflecting the downward trend seen in US Treasury yields over the past two weeks, where expectations of higher-for-longer interest rates lifted safe-haven demand from capital-intensive sectors. Mortgage rates tend to closely track these these sovereign yields. A year ago, the the 30-year fixed-rate mortgage averaged 6.19%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.68%, down from the 6.71% reached last week.