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Direct answer: The average 30-year fixed mortgage rate was 7.40% and the 15-year 6.71% for the week of October 15, 2026, per Freddie Mac. That's below the 7.68% average since 1971 but above the 2010s average of 4.09%. Your own rate depends on credit, down payment and points.
By the numbers: Since April 1971 the weekly 30-year average has ranged from 2.65% to 18.63%, with a median of 7.22%. Source: Freddie Mac PMMS history (also FRED MORTGAGE30US)
“PMMS results are released weekly on Thursdays at 12 p.m. ET. and are an average of loan rates offered the prior Thursday through Wednesday.” — Freddie Mac, Primary Mortgage Market Survey
Updated 2026-10-15
7.40% on average for the week of October 15, 2026 (Freddie Mac PMMS). The 15-year averaged 6.71%.
It depends on the period. The 30-year averaged 7.68% since 1971, 6.29% in the 2000s and 4.09% in the 2010s (Freddie Mac weekly data).
Freddie Mac releases the weekly survey on Thursdays at 12 p.m. ET. It averages rates offered the prior Thursday through Wednesday.
We don't forecast rates. This page shows only published averages and history.
These are national weekly averages from Freddie Mac's Primary Mortgage Market Survey (PMMS). Freddie Mac describes the borrower profile as good to excellent credit, 20% down, home purchase, owner-occupied single-family home. New figures come out Thursdays; this page updates from Freddie Mac's published history file and is checked against FRED. Changes are in percentage points.
| Period | 30-year average | 30-year range | 15-year average |
|---|---|---|---|
| 1970s (from Apr. 1971) | 8.90% | 7.23% to 12.90% | — |
| 1980s | 12.71% | 9.03% to 18.63% | — |
| 1990s | 8.12% | 6.49% to 10.67% | 7.33% |
| 2000s | 6.29% | 4.71% to 8.64% | 5.83% |
| 2010s | 4.09% | 3.31% to 5.21% | 3.38% |
| 2020s (to Oct. 15, 2026) | 5.39% | 2.65% to 7.79% | 4.70% |
| All weeks since Apr. 1971 | 7.68% | median 7.22% | — |
This week's 7.40% is higher than 52% of all weeks since 1971. Decade averages are simple averages of the weekly figures. We don't forecast where rates go next.
| Week of | 30-year | 15-year |
|---|---|---|
| Oct. 15, 2026 | 7.40% | 6.71% |
| Oct. 8, 2026 | 7.40% | 6.73% |
| Oct. 1, 2026 | 7.28% | 6.60% |
| Sep. 24, 2026 | 7.03% | 6.42% |
| Sep. 17, 2026 | 6.95% | 6.26% |
| Sep. 10, 2026 | 6.76% | 6.09% |
| Sep. 3, 2026 | 6.71% | 6.04% |
| Aug. 27, 2026 | 6.66% | 5.98% |
Example: a $400,000 home with 20% down is a $320,000 loan. At this week's 30-year average of 7.40%, principal and interest is about $2,216/mo; at the 15-year average of 6.71%, about $2,825/mo (higher payment, paid off in half the time). At the 2010s average of 4.09%, the same 30-year loan would be about $1,545/mo. Taxes, insurance and any PMI come on top. These are averages, not a quote.
Sources: Freddie Mac Primary Mortgage Market Survey (weekly history file) · FRED MORTGAGE30US · FRED MORTGAGE15US. Latest week October 15, 2026; 2,899 weeks. Download: mortgage-rates.csv. Not advice and not a rate quote.
7.40% on average for the week of October 15, 2026 (Freddie Mac PMMS). The 15-year averaged 6.71%.
It depends on the period. The 30-year averaged 7.68% since 1971, 6.29% in the 2000s and 4.09% in the 2010s (Freddie Mac weekly data).
Freddie Mac releases the weekly survey on Thursdays at 12 p.m. ET. It averages rates offered the prior Thursday through Wednesday.
We don't forecast rates. This page shows only published averages and history.
Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.