Freddie Mac survey shows 30-year fixed mortgage rate averages 7.40%
Bitget2026/10/08 16:01Freddie Mac’s weekly survey showed the 30-year fixed-rate mortgage averaged 7.40% as of Oct. 8, up from 7.28%. The 30-year rate stood at 6.30% a year earlier, highlighting a sharp year-on-year rise in borrowing costs. The 15-year fixed-rate mortgage averaged 6.73%, up from 6.60% the prior week. The 15-year rate was 5.53% a year earlier, extending the upward pressure on refinancing and purchase affordability. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Freddie Mac - Federal Home Loan Mortgage Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610081200PRIMZONEFULLFEED9842286) on October 08, 2026, and is solely responsible for the information contained therein.
- Freddie Mac’s weekly survey showed the 30-year fixed-rate mortgage averaged 7.40% as of Oct. 8, up from 7.28%.
- The 30-year rate stood at 6.30% a year earlier, highlighting a sharp year-on-year rise in borrowing costs.
- The 15-year fixed-rate mortgage averaged 6.73%, up from 6.60% the prior week.
- The 15-year rate was 5.53% a year earlier, extending the upward pressure on refinancing and purchase affordability.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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