Mortgage rates today
Week of October 22, 2026, from Freddie Mac's Primary Mortgage Market Survey — the national benchmark lenders and the press quote, updated every Thursday.
| Loan | Average rate | vs. last week | vs. a year ago |
|---|---|---|---|
| 30-year fixed | 7.32% | down 0.08 pts | up 1.13 pts |
| 15-year fixed | 6.68% | down 0.03 pts | up 1.24 pts |
Over the past 52 weeks the 30-year average ranged from 5.98% (February 26, 2026) to 7.40% (October 8, 2026).
What today's rate means for a payment
- $400,000 over 30 years at 7.32%: $2,748/month principal & interest ($300 more than at a year-ago 6.19%)
- $400,000 over 15 years at 6.68%: $3,524/month
Run your own numbers in the mortgage calculator (pre-filled with today's rate), see payments for every loan size on the payment-by-amount pages, or check whether a refinance pays off.
30- and 15-year rates, last two years
Historical mortgage rates by year
Calendar-year averages of the weekly survey since 1971. The 30-year rate peaked at 16.64% in 1981 and bottomed at 2.96% in 2021. The 15-year series begins in 1991.
| Year | 30-year fixed | 15-year fixed |
|---|---|---|
| 2026 (to date) | 6.50% | 5.85% |
| 2025 | 6.60% | 5.78% |
| 2024 | 6.72% | 5.96% |
| 2023 | 6.81% | 6.11% |
| 2022 | 5.34% | 4.58% |
| 2021 | 2.96% | 2.27% |
| 2020 | 3.11% | 2.60% |
| 2019 | 3.94% | 3.39% |
| 2018 | 4.54% | 4.00% |
| 2017 | 3.99% | 3.27% |
| 2016 | 3.65% | 2.93% |
| 2015 | 3.85% | 3.09% |
| 2014 | 4.17% | 3.29% |
| 2013 | 3.98% | 3.10% |
| 2012 | 3.66% | 2.93% |
| 2011 | 4.45% | 3.68% |
| 2010 | 4.69% | 4.10% |
| 2009 | 5.04% | 4.57% |
| 2008 | 6.03% | 5.62% |
| 2007 | 6.34% | 6.03% |
| 2006 | 6.41% | 6.07% |
| 2005 | 5.87% | 5.42% |
| 2004 | 5.84% | 5.21% |
| 2003 | 5.83% | 5.17% |
| 2002 | 6.54% | 5.98% |
| 2001 | 6.97% | 6.50% |
| 2000 | 8.05% | 7.72% |
| 1999 | 7.44% | 7.06% |
| 1998 | 6.94% | 6.59% |
| 1997 | 7.60% | 7.13% |
| 1996 | 7.81% | 7.32% |
| 1995 | 7.93% | 7.48% |
| 1994 | 8.38% | 7.89% |
| 1993 | 7.31% | 6.82% |
| 1992 | 8.39% | 7.94% |
| 1991 | 9.25% | 8.40% |
| 1990 | 10.13% | — |
| 1989 | 10.32% | — |
| 1988 | 10.34% | — |
| 1987 | 10.21% | — |
| 1986 | 10.19% | — |
| 1985 | 12.43% | — |
| 1984 | 13.88% | — |
| 1983 | 13.24% | — |
| 1982 | 16.04% | — |
| 1981 | 16.64% | — |
| 1980 | 13.74% | — |
| 1979 | 11.20% | — |
| 1978 | 9.64% | — |
| 1977 | 8.85% | — |
| 1976 | 8.87% | — |
| 1975 | 9.05% | — |
| 1974 | 9.19% | — |
| 1973 | 8.04% | — |
| 1972 | 7.38% | — |
| 1971 | 7.54% | — |
Source: Freddie Mac Primary Mortgage Market Survey via FRED (series MORTGAGE30US and MORTGAGE15US). Averages assume a borrower with strong credit and about 20% down; quotes vary by lender, credit score, and points.