Explore Your Mortgage & Lending Options
Different lending products are designed for different financial needs. Explore the main options below to understand how each type of financing works and what may fit your situation.
Current U.S. Mortgage Rates
Freddie Mac’s Primary Mortgage Market Survey tracks national average mortgage rates based on thousands of loan applications submitted by lenders across the U.S. The rates below update automatically when Freddie Mac publishes new weekly data.
| Mortgage Type | Current Rate | Change From Last Week |
|---|---|---|
| 30-Year Fixed | 7.40% | +0.12% |
| 15-Year Fixed | 6.73% | +0.13% |
Rates updated:
October 8, 2026
Update frequency:
Weekly
Automatic refresh:
This table checks for updated Freddie Mac data every 6 hours.
Rate type:
U.S. national average fixed mortgage rates
Source:
Freddie Mac Primary Mortgage Market Survey
—
View official Freddie Mac rates
These are national average mortgage rates. Actual mortgage rates vary by lender, borrower qualifications, loan amount, property type and other factors.
Recent U.S. Mortgage Rate History
See how national average 30-year and 15-year fixed mortgage rates have changed over recent weeks. Data is updated automatically from Freddie Mac’s Primary Mortgage Market Survey.
| Date | 30-Year Fixed | 15-Year Fixed |
|---|---|---|
| Oct 8, 2026 | 7.40% | 6.73% |
| Oct 1, 2026 | 7.28% | 6.60% |
| Sep 24, 2026 | 7.03% | 6.42% |
Latest data:
October 8, 2026
Update frequency:
Weekly
Automatic refresh:
This table checks for updated Freddie Mac data every 6 hours.
History shown:
Recent weekly observations
Source:
Freddie Mac Primary Mortgage Market Survey
—
View official Freddie Mac history
Estimated Monthly Mortgage Payments at Current Rates
| Loan Amount |
30-Year Fixed 7.40% |
15-Year Fixed 6.73% |
|---|---|---|
| $100,000 | $692 / month | $884 / month |
| $250,000 | $1,731 / month | $2,210 / month |
| $400,000 | $2,770 / month | $3,535 / month |
| $500,000 | $3,462 / month | $4,419 / month |
Rates used:
30-Year Fixed
7.40%
|
15-Year Fixed
6.73%
Rates updated:
October 8, 2026
Update frequency:
Weekly
Automatic refresh:
This table checks for updated Freddie Mac data every 6 hours.
Source:
Freddie Mac Primary Mortgage Market Survey
—
View official Freddie Mac rates
Estimated payments include principal and interest only. Property taxes, homeowners insurance, mortgage insurance, HOA fees, closing costs and other expenses are not included. Actual rates and payments vary by borrower and lender.
See estimated monthly principal-and-interest payments using current national average 30-year and 15-year fixed mortgage rates from Freddie Mac.
Common Mortgage & Lending Questions
What credit score do I need for a mortgage?
Requirements vary by lender and loan type, but stronger credit can help improve approval options and rates.
How much home can I afford?
Affordability depends on your income, debts, down payment, interest rate, property taxes and other housing costs.
What is the difference between a fixed and adjustable mortgage rate?
A fixed rate stays the same for the loan term, while an adjustable rate can change over time.
When does refinancing make sense?
Refinancing may help if you can lower your rate, change your loan term or access home equity.
What is a HELOC?
A HELOC is a revolving line of credit that allows you to borrow against available equity in your home.
What is the difference between a HELOC and a home equity loan?
A HELOC offers reusable credit, while a home equity loan generally provides a lump sum with scheduled payments.
Can I use a personal loan for debt consolidation?
Yes, some borrowers use personal loans to combine multiple debts into a single payment.
Does checking mortgage rates affect my credit?
Simply viewing advertised rates does not, but a lender may perform a credit inquiry during an application or pre-approval.