Mortgage Rates Average 7.03%

Both mortgage terms had higher average rates than the previous week and the same time a year earlier.

Rhea-AI Summary

Freddie Mac (FMCC) reported a 7.03% average 30-year fixed mortgage rate in its September 24, 2026 survey.

The 30-year rate was up from 6.95% the previous week and 6.30% a year earlier. The 15-year fixed mortgage rate averaged 6.42%, up from 6.26% the previous week and 5.49% a year earlier. The Primary Mortgage Market Survey covers conventional, conforming, fully amortizing home-purchase loans for borrowers who put 20% down and have excellent credit.

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MCLEAN, Va., Sept. 24, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03%.

“The housing market remains supported by a solid labor market and an economy that is growing at a healthy rate,” said Sam Khater, Freddie Mac's Chief Economist.

News Facts

• The 30-year FRM averaged 7.03% as of September 24, 2026, up from last week when it averaged 6.95%. A year ago at this time, the 30-year FRM averaged 6.30%.
• The 15-year FRM averaged 6.42%, up from last week when it averaged 6.26%. A year ago at this time, the 15-year FRM averaged 5.49%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Mollie Laniado
(571) 382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f99d9b3-9cad-4129-9d75-876cb48a1d95

FAQ

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What were Freddie Mac's 30-year and 15-year mortgage rates on September 24, 2026?

Freddie Mac's survey found that the 30-year fixed-rate mortgage averaged 7.03% and the 15-year fixed-rate mortgage averaged 6.42% as of September 24, 2026.