Mortgage rates · week of October 29, 2026
Mortgage rates this week: 30-year fixed, 7.24%.
Freddie Mac's weekly average for a 30-year fixed mortgage, its change from last week and from a year ago, and what each 0.25 point costs a month.
30-year fixed, national average
- This week · October 29, 2026
- 7.24%
- Last week
- 7.32%
- ▼ 0.08 from last week (7.32%)
- A year ago
- 6.17%
- ▲ 1.07 from a year ago (6.17%)
On a $400,000 loan, each 0.25 point is about $68 a month in principal and interest.
The 30-year fixed rate averaged 7.24% nationally in the week of October 29, 2026, down 0.08 from last week (7.32%) and up 1.07 from a year ago (6.17%).
Source: Freddie Mac via FRED, week of October 29, 2026
Recent weeks
| Week of | Rate | Change |
|---|---|---|
| October 29, 2026 | 7.24% | −0.08 |
| October 22, 2026 | 7.32% | −0.08 |
| October 15, 2026 | 7.40% | 0.00 |
| October 8, 2026 | 7.40% | +0.12 |
| October 1, 2026 | 7.28% | +0.25 |
| September 24, 2026 | 7.03% | +0.08 |
| September 17, 2026 | 6.95% | +0.19 |
| September 10, 2026 | 6.76% |
About this rate
- What rate is this?
- It is the average from Freddie Mac's Primary Mortgage Market Survey (PMMS) for a 30-year fixed-rate conventional loan. Freddie Mac publishes it weekly and bases it on conventional, conforming home purchase loans for borrowers who put 20% down and have excellent credit. It is a national average, not a Texas rate.
- Is this the rate I will be offered?
- Not necessarily. The rate a lender offers you depends on your credit, your down payment, the loan type, any points you pay and the lender itself. The average is a way to compare one week with another.
- How much does 0.25 point change a monthly payment?
- On a $400,000 30-year loan, principal and interest come to about $2,726 a month at 7.24% and about $2,794 at 7.49%, a difference of about $68. Property taxes, homeowners insurance and mortgage insurance are not included.
- When is it updated?
- Freddie Mac publishes the survey on Thursdays at noon Eastern time, a day early in some holiday weeks. This page updates Thursday afternoon and again on Friday.
Source: Freddie Mac via FRED, week of October 29, 2026. This page reports published figures. It is not advice and makes no forecast.