Mortgage Rates Average 7.28%
Freddie Mac (FMCC) released its mortgage market survey, with the 30-year fixed-rate mortgage averaging 7.28%, up from last week.
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Rhea-AI Summary
Freddie Mac (FMCC) released its mortgage market survey, with the 30-year fixed-rate mortgage averaging 7.28%, up from last week.
As of October 1, 2026, the 30-year rate compared with 7.03% last week and 6.34% a year earlier. The 15-year fixed-rate mortgage averaged 6.60%, compared with 6.42% last week and 5.55% a year earlier.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., Oct. 01, 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
“With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic conditions,” said Sam Khater, Freddie Mac's Chief Economist.
News Facts
- The 30-year FRM averaged
7.28% as of October 1, 2026, up from last week when it averaged7.03% . A year ago at this time, the 30-year FRM averaged6.34% . - The 15-year FRM averaged
6.60% , up from last week when it averaged6.42% . A year ago at this time, the 15-year FRM averaged5.55% .
The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put
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/b4edba9c-db99-457c-a1b6-99b8538e75e5
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What mortgage rates did Freddie Mac report for October 1, 2026?
The 30-year fixed-rate mortgage averaged 7.28%, and the 15-year fixed-rate mortgage averaged 6.60%. Both increased from last week, when the respective averages were 7.03% and 6.42%.
What loans does Freddie Mac's mortgage rate survey cover?
The survey focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. These are loans that meet conforming lending requirements and are scheduled to be paid off through regular payments over their term.