United States · data to Oct 2026
How are interest rates?
Bad.
The average 30-year mortgage rate is 7.40%, high enough to put a home loan out of reach for many buyers.
For context: 7.40% is around the middle of all 667 figures since 1971.
30-year mortgage rate
The average rate offered on a 30-year fixed-rate home loan
The strip under the chart shows the verdict each period would get by today's rules:Good Mixed Bad
See the latest numbers
| Period | Value | Verdict |
|---|---|---|
| Oct 2026 | 7.40% | Bad |
| Sep 2026 | 7.03% | Bad |
| Aug 2026 | 6.66% | Bad |
| Jul 2026 | 6.66% | Bad |
| Jun 2026 | 6.49% | Mixed |
| May 2026 | 6.53% | Bad |
| Apr 2026 | 6.30% | Mixed |
| Mar 2026 | 6.38% | Mixed |
| Feb 2026 | 5.98% | Mixed |
| Jan 2026 | 6.10% | Mixed |
| Dec 2025 | 6.15% | Mixed |
| Nov 2025 | 6.23% | Mixed |
Source: Freddie Mac, Primary Mortgage Market Survey®, 30-year fixed-rate mortgage average (latest weekly figure each month), via FRED. Copyright Freddie Mac · Series MORTGAGE30US · Latest Oct 2026
How we judged this
What we test: The latest figure (30-year mortgage rate). Right now that's 7.40%.
- Good if under 5.00%
- Mixed if from 5.00% to under 6.50%
- Bad if anything the rules above don’t coverapplies now
Rules are checked from the top. The first one that fits decides the verdict.
About this data
- Measure
- 30-year mortgage rate
- Latest
- 7.40% (Oct 2026)
- Published
- Monthly, by Freddie Mac
- Verdict counts for
- Equal weight with the others in the overall verdict
Judged from a borrower's point of view. Savers see it the other way around.
We use the mortgage rate rather than the Federal Reserve's own rate because most US home loans are fixed for 30 years. The Fed's rate barely touches existing homeowners; the mortgage rate is what new buyers and movers actually pay.
Each month shows the latest weekly figure from the survey, exactly as published.