Mortgage rates today
7.4%
30-year fixed ▲ 0.12
6.73%
15-year fixed
6.9%
5/1 ARM
Weekly average · October 8, 2026 · Source: Freddie Mac Primary Mortgage Market Survey.
Last 24 weeks — 30-year fixed rate
What today's rate means for common loans
| Loan | P&I (30y) | P&I (15y) |
|---|---|---|
| $200,000 | $1,398 | $1,775 |
| $300,000 | $2,098 | $2,663 |
| $400,000 | $2,797 | $3,551 |
| $500,000 | $3,496 | $4,438 |
| $600,000 | $4,195 | $5,326 |
FAQ
What is the mortgage rate today?
The U.S. weekly average 30-year fixed rate is 7.4% as of October 8, 2026 (Freddie Mac PMMS). It changed +0.12 percentage points versus the prior week.
Are mortgage rates going up or down?
Over the last 24 weeks the 30-year fixed rate has moved from 6.3% to 7.4%. The trend shown in the chart is up. Rates are forward-looking and react to inflation data, Fed policy and the 10-year Treasury yield.
What does today's rate mean for my payment?
On a $400,000 loan at 7.50%, principal and interest is about $2,797 per month — before tax and insurance. Use the calculator to see the all-in number and the 15-year alternative.
Explore the full rate history or run the mortgage calculator.