Current Mortgage Rates: October 2026
National weekly averages are context, not a personalized lender quote.
30-year fixed average
7.18%
Freddie Mac PMMS, November 5, 2026
15-year fixed average
6.57%
Freddie Mac PMMS, November 5, 2026
What these mortgage-rate averages mean
Freddie Mac's Primary Mortgage Market Survey uses mortgage-rate information from thousands of conventional, conforming purchase applications submitted through Loan Product Advisor. The published figure is a national weekly average. Your quote can differ based on credit, loan-to-value ratio, property, occupancy, loan size, points, lender and lock period.
Freddie Mac's November 5, 2026 weekly average was 7.18% for a 30-year fixed loan and 6.57% for a 15-year fixed loan. A one-week move is not a forecast. Compare a lender's annual percentage rate, points, lender fees and cash to close—not only the note rate.
See the Freddie Mac Primary Mortgage Market Survey for the latest weekly release; this page reflects the source-dated weekly data available when reviewed.
How a rate change affects a payment
A higher rate increases principal-and-interest expense for the same balance and term. Taxes, homeowners insurance, mortgage insurance and HOA fees must be added separately. Use the mortgage calculator to test a quoted rate and the affordability calculator to keep debt and cash assumptions visible.
Monthly principal and interest by loan amount
Illustrative fixed 30-year loans, rounded to the nearest dollar. Taxes, insurance, mortgage insurance, HOA and closing costs are excluded. These are not lender quotes.
| Rate | 300,000 dollar loan | 400,000 dollar loan | 500,000 dollar loan |
|---|---|---|---|
| 5.75% | 1,751 dollars | 2,334 dollars | 2,918 dollars |
| 6.00% | 1,799 dollars | 2,398 dollars | 2,998 dollars |
| 6.25% | 1,847 dollars | 2,463 dollars | 3,079 dollars |
| 6.50% | 1,896 dollars | 2,528 dollars | 3,160 dollars |
| 6.75% | 1,946 dollars | 2,594 dollars | 3,243 dollars |
| 7.00% | 1,996 dollars | 2,661 dollars | 3,327 dollars |
| 7.25% | 2,047 dollars | 2,729 dollars | 3,411 dollars |
| 7.50% | 2,098 dollars | 2,797 dollars | 3,496 dollars |
When a refinance deserves a closer look
A lower proposed rate is only one input. Compare closing costs, points, payment savings, remaining loan term and how long you expect to keep the loan. The refinance calculator estimates a simple break-even month from your own quote and cost assumptions.
Source and update policy
Source: Freddie Mac Primary Mortgage Market Survey. PMMS is generally published weekly. This page shows the source date prominently and should be refreshed after each new release; it does not predict future rates or represent an offer to lend.