The Overnight RateThe Overnight Rate · Live rates
Mortgage rates
30-year fixed
7.32%
−8 bp vs prior week · +113 bp vs a year ago
15-year fixed
6.68%
−3 bp vs prior week
Source: Freddie Mac Primary Mortgage Market Survey (PMMS), via FRED. Latest observation: week of Thu, Oct 22, 2026. Pulled Oct 26, 2026, 10:30 AM ET. Freddie Mac publishes Thursdays at noon ET. Series: FRED MORTGAGE30US.
What it means
Freddie Mac's survey put the average 30-year fixed rate at 7.32% in the week of Thu, Oct 22, 2026, down 8 bp from 7.40% the week before and above the 6.19% of a year earlier. That is inside its 52-week range of 5.98% to 7.40%.
The survey is an average of rates offered to borrowers with strong credit and a 20% down payment, so an individual quote can differ. Mortgage rates tend to follow the 10-year Treasury yield (see Treasury yields) more closely than the Fed's overnight rate.