U.S. 30-year mortgage average eases to 7.24% in late October

Freddie Mac reported a 7.24% average for a 30-year fixed mortgage on October 29. The average was 7.32% one week earlier. The comparable reading a year earlier was 6.17%. These are national survey averages, not rate quotes for individual buyers.

Published November 5, 2026 · Sion editorial

Freddie Mac’s Primary Mortgage Market Survey put the U.S. average 30-year fixed mortgage rate at 7.24% for the week ending October 29, 2026. That was 0.08 percentage point below the previous week’s 7.32%, but 1.07 percentage points above the comparable week a year earlier.

The week-to-week decline and the year-over-year increase tell different stories about financing conditions. The survey uses applications submitted to Freddie Mac from lenders across the country. It is a national benchmark rather than a quote for an Orlando buyer or a financing estimate for a specific investment property.