Mortgage Rates Decrease to 7.32%

Q: What mortgage rates did Freddie Mac report for October 22, 2026?

The 30-year fixed-rate mortgage averaged 7.32%, and the 15-year fixed-rate mortgage averaged 6.68%. Both averages declined from the previous week but remained above their levels a year earlier.

Q: What types of loans does Freddie Mac's mortgage rate survey cover?

Freddie Mac's survey covers conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

Freddie Mac (FMCC) reported that the average 30-year fixed-rate mortgage declined to 7.32% in its weekly survey.

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Rhea-AI Summary

Freddie Mac (FMCC) reported that the average 30-year fixed-rate mortgage declined to 7.32% in its weekly survey.

As of October 22, 2026, the 30-year rate was down from 7.40% last week but above 6.19% a year earlier. The 15-year fixed-rate mortgage averaged 6.68%, down from 6.71% last week and above 5.44% a year earlier.

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10/22/2026 - 12:00 PM EDT

MCLEAN, Va., Oct. 22, 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 7.32%.

“The average 30-year fixed-rate mortgage declined this week, offering some relief to prospective homebuyers,” said Sam Khater, Freddie Mac's Chief Economist.

News Facts

The 30-year FRM averaged 7.32% as of October 22, 2026, down from last week when it averaged 7.40%. A year ago at this time, the 30-year FRM averaged 6.19%.
The 15-year FRM averaged 6.68%, down from last week when it averaged 6.71%. A year ago at this time, the 15-year FRM averaged 5.44%.

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/790fcf36-11b5-4afb-ab26-99ebf2be22ec

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What mortgage rates did Freddie Mac report for October 22, 2026?

The 30-year fixed-rate mortgage averaged 7.32%, and the 15-year fixed-rate mortgage averaged 6.68%. Both averages declined from the previous week but remained above their levels a year earlier.

What types of loans does Freddie Mac's mortgage rate survey cover?

Freddie Mac's survey covers conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit.

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