Mortgage Rates
This week's average mortgage rates, how they've moved, and the Treasury yields that drive them — updated every Thursday from Freddie Mac's weekly survey.
Latest data: Oct 22, 2026
30-year fixed
7.32%
Down 0.08 pts vs. last week
15-year fixed
6.68%
Down 0.03 pts vs. last week
10-year Treasury yield
5.09%
Weekly average, Oct 22, 2026
Mortgage–Treasury spread
2.23 pts
20-year average: 1.91 pts
30-year range, past 52 weeks
5.98–7.40%
Fed funds rate
3.75%
Effective rate, September 2026
Weekly averages. Mortgage rates tend to move with the 10-year Treasury yield.
Time range
Mortgage rates vs. the 10-year Treasury
- 30-year fixed
- 15-year fixed
- 10-year Treasury
View as table
Reading the numbers
What it means for your clients
- The 30-year fixed averaged 7.32% for the week of Oct 22, 2026, down 0.08 points from the week before and 1.05 points higher than a year ago.
- The gap between the 30-year rate and the 10-year Treasury is 2.23 points, against a 1.91-point average over the past 20 years. When that spread is wider than usual, mortgage rates have room to improve even if Treasury yields hold steady.
- Freddie Mac's survey reflects borrowers with strong credit putting 20% down on conventional, conforming loans. The rate any individual buyer is quoted can be higher or lower.
Sources
- Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; fred.stlouisfed.org/series/MORTGAGE30US
- Freddie Mac, 15-Year Fixed Rate Mortgage Average in the United States [MORTGAGE15US], retrieved from FRED, Federal Reserve Bank of St. Louis; fred.stlouisfed.org/series/MORTGAGE15US
- Board of Governors of the Federal Reserve System (US), Market Yield on U.S. Treasury Securities at 10-Year Constant Maturity [DGS10], retrieved from FRED, Federal Reserve Bank of St. Louis; fred.stlouisfed.org/series/DGS10
- Board of Governors of the Federal Reserve System (US), Federal Funds Effective Rate [FEDFUNDS], retrieved from FRED, Federal Reserve Bank of St. Louis; fred.stlouisfed.org/series/FEDFUNDS
Data is refreshed several times a day as new releases are published. The Open Door is not affiliated with or endorsed by the Federal Reserve Bank of St. Louis or any of the data publishers above. Figures are for informational purposes and aren't financial advice.