US 30-year mortgage rate tops 7%

Freddie Mac
September 24, 2026
Category: Finance & Economics
Region: United States

MCLEAN, Virginia  — Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.03%. “The housing market remains supported by a solid labor market and an economy that is growing at a healthy rate,” said Sam Khater, Freddie Mac’s Chief Economist. The 30-year FRM averaged 7.03% as of September 24, 2026, up from last week when it averaged 6.95%. A year ago at this time, the 30-year FRM averaged 6.30%. The 15-year FRM averaged 6.42%, up from last week when it averaged 6.26%. A year ago at this time, the 15-year FRM averaged 5.49%.

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