The US 30-year fixed-rate mortgage averaged 7.24% as of October 29, 2026, seeing a decline from last week where it averaged 7.32% but remaining above the 7% threshold. This marks a second consecutive weekly decline, reflecting the downward trend seen in US Treasury yields since the start of the month. Mortgage rates tend to closely track these these sovereign yields. A year ago, the the 30-year fixed-rate mortgage averaged 6.17%. Meanwhile, the 15-year fixed-rate mortgage averaged 6.60%, down from the 6.68% reached a week prior.